Rising FPI registrations & inflows signify sustained interest
of foreign investors in the Indian capital mkt, the regulator said.
Early finalisation
of the direct listing scheme, development of the corporate bond market, reforms
in initial
public offering (IPO) norms and digitisation of processes, among other
issues, were discussed between the Securities and Exchange Board of India
(Sebi) and investors from the US.
Sebi Chairman Ajay
Tyagi, along with other officials of the capital markets regulator, had an
e-interaction on Tuesday with various stakeholders including industry and
investor associations from the US.
The interaction
was organised by the US India Strategic Partnership Forum (USISPF).
“We interacted
with various stakeholders including the investors in the Indian capital markets
from the USA. We briefed them about the key developments of the Indian economy
as well as the recent trends in the securities market, especially in this
Covid-19 era,” Tyagi said in a statement.
He further said
the achievements of Indian primary markets, secondary markets and specific
products such as Real Estate Investment Trusts (REITs) and Infrastructure
investment trusts (InvITs) were highlighted in the interaction.
The participants
appreciated various initiatives taken by Sebi,
especially with respect to direct listing proposal and creation of new products
such as REITs and InvITs, which have the potential to attract more foreign
investment while benefitting the domestic economy, given its multiplier effect.
“The participants
emphasised the need for early finalisation of direct listing proposal;
development of the corporate bond market; reforms in the IPO regulations;
digitisation of processes; and showed interest in participating in innovative
ideas under Sebi’s regulatory sandbox framework,” the regulator said.
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