Promoting India's economic modules, FM SItharaman invites King of Sweden to invest in India

New Delhi, December 03: Finance Minister Nirmala Sitharaman on Tuesday said that the government was open to further reforms for making India a more attractive investment destination.

 

"The government has taken various steps, including reduction of corporate tax", she said at India-Sweden Business Summit here. "I only can invite and assure that the Government of India is committed for further reforms in various sectors whether it is banking, mining or insurance and so on," she said.

 

She invited Swedish firms to invest in infrastructure development projects. India plans to invest about Rs 100 lakh crore in infrastructure sector in the next five years. Putting in Rs 22,872 crores on a net basis, foreign investors remained net buyers in the Indian capital market for the third straight month in November this year.

 

While they had invested around 16,038 crore rupees in October and around 6,558 crore rupees in September, a net sum of 25,230 crore rupees was flowed into equities by FPIs in November. However, they pulled out around 2,358 crore rupees from the debt segment, translating into a total investment around 22,872 crore rupees by FPIs in November.

FPIs are currently nibbling a few shares just to maintain their asset allocation weights in the portfolio towards Indian equities. Foreign portfolio investment consists of securities and other financial assets held by investors in another country.

 

It does not provide the investor with direct ownership of a company's assets and is relatively liquid depending on the volatility of the market. Along with foreign direct investment, FPI is one of the common ways to invest in an overseas economy. FDI and FPI are both important sources of funding for most economies.