Global webinar draws 1,800 investors to investment opportunities in India
Non-Resident Indians (NRIs) has the capacity to generate US$70-80 billion foreign currency inflows into India through the current Foreign Currency Non-Resident (FCNR) initiative, making it one of the most significant NRI investment in opportunities emerging from the ongoing Government-driven programme across the country, says a Singapore-based chartered accountant.
This massive investment, estimated to be between US$70-80 billion, was discussed in a Global webinar hosted here by the Singapore Chapter of ICAI in association with International Affairs Committee of the Institute of Chartered Accountants of India (ICAI) and the 25 Overseas Chapters of ICAI.
“As much as US$10 billion has been raised to date under the six-month FCNR initiative which has a timeline of up to 30 September 2026,” Sanjay Gattani, chairperson of ICAI Singapore chapter that led the global webinar, said on 17 July.
“Such inflows would substantially enhance India’s external financial position while providing NRIs with an opportunity to contribute directly to the nation’s development,” the Press Trust of India quoted Gattani as saying.
The webinar was organised on July 15, 2026 through global coordination with ICAI chapters in different time zones.
Considering the investment capacity of the participants and the leverage available through the Foreign Currency Non-Resident (FCNR) instrument, the webinar alone has the potential to facilitate investment commitments exceeding US$2 billion into India. “This is a testament to the trust that the global Indian community continues to place in India’s economic future and the power of well-curated knowledge initiatives in mobilizing meaningful capital,” he said.
In a landmark initiative aimed at strengthening India’s economic growth and engaging the global Indian diaspora, the ICAI Singapore Chapter, in association with the International Affairs Committee of the Institute of Chartered Accountants of India (ICAI) and the 25 Overseas Chapters of ICAI, successfully hosted a first-of-its-kind Global Webinar on FCNR Deposits, said Gattani.
“The webinar, one of the first large-scale reach out to NRIs held recently, attracted nearly 1,800 participants, including Chartered Accountants, NRIs, accredited investors, business leaders, family offices and finance professionals from across the world. The event served as a unique platform to educate the global Indian community on the recently announced FCNR opportunity and its significance for both India and overseas investors,” he said.
Eminent speakers and senior representatives from leading banks including HDFC Bank, HSBC, and the State Bank of India, gave comprehensive insights into the FCNR framework, investment mechanics, regulatory aspects, taxation considerations and the strategic advantages available to NRIs.
“The interactive session addressed numerous queries from participants, enabling investors to gain clarity on the practical aspects of investing under the scheme,” added Kushal Jaju, the vice-chairperson of the Singapore ICAI chapter as one the lead organizer of global event.
A recurring theme throughout the discussions was that the current FCNR initiative represents a “once-in-a-generation opportunity” for the global Indian diaspora to participate meaningfully in India’s growth story while simultaneously benefiting from an attractive investment avenue, according to Gattani. The speakers highlighted how the initiative has the potential to strengthen India’s foreign exchange reserves, support macroeconomic stability and reinforce investor confidence in the Indian economy.
Gattani emphasized the remarkable quality of participation, noting that the audience comprised a significant number of accredited investors, successful entrepreneurs, business owners and senior finance professionals from across the globe.
The successful conduct of this global webinar marks yet another milestone for the ICAI Singapore Chapter in its commitment to creating high-impact international platforms that connect knowledge with nation-building. It also reflects the growing leadership role of the Chapter in bringing together policymakers, financial institutions, global professionals and investors to advance initiatives of national importance, he elaborated.
As India continues its journey towards becoming a developed economy, initiatives such as these demonstrate how the global Chartered Accountant fraternity can serve as a powerful catalyst in connecting the Indian diaspora with strategic national priorities, Gattani continued.
“The overwhelming participation and enthusiastic response to the webinar reaffirm the confidence of overseas Indians in India’s economic trajectory and underscore the pivotal role that professional institutions can play in driving investment, fostering awareness and contributing meaningfully to the nation’s growth story,” he said. fiinews.com
