Friday, July 11, 2025
  • Home
  • About us
  • Privacy policy
  • Advertise with us
  • Contact us
Fii News Logo
No Result
View All Result
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports
Newsletter
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports
Fiinews
No Result
View All Result
Home Banking & Finance

India to deepen the corporate bond market

Fiinews by Fiinews
July 15, 2019
in Banking & Finance, Budget, Investment, Manufacturing, Projects
Reading Time: 2 mins read
A A
0
0
SHARES
10
VIEWS
LinkedinShare on Twitter

0:00

Envoy highlights investment opportunities

 

The High Commission of India in Singapore.
High Commissioner Jawed Ashraf (file picture).

 

India is set to deepen the corporate bond market for the infrastructure sector as well as monetizing and securitising infrastructure assets, Jawed Ashraf, India’s High Commissioner to Singapore, told investors on 15 July 2019.

“The budget has announced measures for deepening of the corporate bond market, especially for the infrastructure sector,” said Jawed Ashraf, highlighting the government’s decision to go for sovereign bonds at a forum on the Indian Budget 2019-20.

This, he said, is in addition to the slew of measures announced for providing greater role for Foreign Portfolio Investors in India, including raising the limit of FPI investments to the maximum permissible foreign investment for the sector and the possibility of investing in listed debt securities of InvITs and REITs.

He added that FPIs are to be allowed to sell off their debt securities issued by IDF-NBFCs to domestic investors within the specified lock-in period.

The Government has also announced several steps to strengthen the NBFCs, which are facing a number of challenges.

“Looking at what the government is doing about FPI and Sovereign Bonds, it tells us about the confidence that the government has in economic resilience and stability in India,” he said at forum on Indian Budget 2019-20.

“With the strength of the economy we can go more forward with the bonds and have a bigger role FPIs,” said Jawed Ashraf at the forum organized by the High Commission and PriceWaterhouseCoopers.

The Government, he said, has also taken bold steps for disinvestment in Central Public Sector Enterprises, which will introduce a high degree of market discipline and accountability.

Following the 2019-20 Budget announcement, India is also set to promote Public Private Partnership (PPP) model in the massive infrastructure development across the country, said the High Commissioner, highlighting the investment needs of the Railways over the next 12 years and the funding gap in possible public allocation.

He pointed out that the budget supports Prime Minister Narendra Modi’s key economic objectives, which are accelerating growth to achieve USD5 trillion by 2024, continue with fiscal prudence, focus on access, empowerment and inclusion, expand infrastructure, improve ease of doing business and ease of living, generate employment, reform economic governance, promote digital revolution, ‘formalisation’ of the economy, and sustainable growth.

“US$5 trillion is not just a target or an aspirational goal, it is a mission statement for the country and serves as a mobilising instrument to rally the entire economy band the public behind a common purpose. This is the first time we have a mission statement of this nature,” said the envoy.

Make in India, Startup India and curtailment of cash economy has received further boost and FDI norms are being further eased in some sectors. There is also tax deduction on investments for mega manufacturing facilities which would be set up through global bidding process, he said of the Make-in-India initiative that is designed to scale up India’s manufacturing sector.

This is in addition to the incentives for Startups and MSMEs and rationalisation of Customs duties. Government’s focus on agriculture and rural employment, enterprise and infrastructure is once again reflected in the budget, said the High Commissioner, and pointed that these build on the steps taken in earlier budgets.

Among others, incentives have been proposed for production and for purchasing of electric-vehicles as part of India’s initiatives to boost the manufacturing sector.

Indian economy, Jawed Ashraf said, offers huge opportunities for Singapore companies and investors, including in viable stressed assets through the financial resolution process in the Insolvency and Bankruptcy Code. fiinews.com

Tags: The High Commission of India in Singapore
ShareTweetShare

Related Posts

PIB
Projects

Project: Japanese delegation inspects DMIC progress

by Fiinews
July 11, 2025
0
12

Amb Ono appreciates India’s vision for semiconductors The Delhi-Mumbai Industrial Corridor (DMIC), inspired by Japan’s Tokyo–Osaka corridor, continues to benefit...

PIB
Projects

Project: Mindset change is critical for innovation

by Fiinews
July 11, 2025
0
13

Resident Indian patent filings surged by 56% Minister of State for Science & Technology Dr Jitendra Singh says a change...

Gidco Re Tender Notice

Project: 4,000% in installed solar capacity

July 11, 2025
13
PIB

Project: EV policies part of climate goals

July 11, 2025
11
Delivery Of Nistar To Indian Navy

Project: Nistar delivered to Indian navy

July 11, 2025
17
IVCA

Invest: India requires $150-$200bn for renewables

July 10, 2025
25
SBI YONO

POPULAR NEWS

  • Cristina Dnv

    Projects: Indian yards set to build green ships, says DNV expert

    0 shares
    Share 0 Tweet 0
  • Market: Indian-origin UGF scales heritage consumer brands globally

    0 shares
    Share 0 Tweet 0
  • Technologies: Royal Diamond sponsors aerspace Industries’ drones in UAE

    0 shares
    Share 0 Tweet 0
  • Investments: Foreign investors see India as long-term destination for fund placings

    0 shares
    Share 0 Tweet 0
  • Markets: Blue Dart maintains positive outlook on India

    0 shares
    Share 0 Tweet 0

Fiinews.com features through news articles on business opportunities in the Indian market for the benefits of foreigners. It is also a platform for international businesses to showcase through elaborate articles on their products & services to the Indian consumers and corporations exploiting industrialisation of the country.

7Clicks Media is a Singapore based Media & PR company offering over 100,000
impressions via our targeted communication strategy.

It is led by editor-in-chief Gurdip Singh who has worked over 45 years reporting on
Asian businesses.

Recent News

  • Project: Japanese delegation inspects DMIC progress
  • Project: Mindset change is critical for innovation
  • Project: 4,000% in installed solar capacity
  • Project: EV policies part of climate goals
  • Tech: ansrsource-ANSR reshape talent across India

Pages

  • About US
  • ADVERTISE ON FIINEWS.COM
  • CONTACT US
  • EVENTS
  • FII-NEWS.COM PDF ARCHIVE
  • Home
  • News
  • PRIVACY POLICY

Subscribe to Newsletter

  • About
  • Advertise
  • Careers
  • Contact us

© 2024 FIINEWS - Design and developed by 7clicksmedia.

No Result
View All Result
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports

© 2024 FIINEWS - Design and developed by 7clicksmedia.