Dubai: A few moves by the RBI to facilitate investments by NRIs as well as by foreign nationals could be a game-changer for those looking to invest in India. Speaking at a seminar at the Business Line Investment Opportunities Fair presented by NSE in Dubai recently, Krishnan Ramachandran, CEO, Barjeel Geojit Securities, said the deregulation of interest rates for NRE accounts in India has allowed NRIs a solid tax-free avenue of investments. The opening of up new avenues for investments, especially for foreign retail investors through the qualified foreign investors (QFI) route, enables them to take direct exposure in the Indian equity and debt markets, where the returns are much higher than in their own domestic markets, he said.
Ramachandran pointed out that almost all nationals from the UAE can now invest directly in Indian markets like any other NRI. He was emphatic that the government can do better if it allowed a freer rein for NRIs to invest. K. Hari, Vice President, National Stock Exchange, who spoke on investor protection for those who trade on the NSE, said the exchange handles 250 million messages and 10 million trades a day. “What this means for an investor, be it an FII or retail investor, if this is the volume of trade that happens, it gives you liquidity and that is best for an investor.”
No comments:
Post a Comment