June 8, 2012 12:53 PM

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India to hold Gulf Roadshow to attract investments<br/>

The Government has taken up a series of measures to promote investment opportunities in India. These include the new Qualified Foreign Investors, QFI route, recent changes in the external commercial Borrowing Guidelines and initiatives to encourage investments in the infrastructure sector.The new QFI route was launched recently as the access option for investors in India and investors have shown keen interest in knowing the details.Gulf region is one of the important destinations to seek investments in India. In order to reach out to the investors in the gulf region, the Ministry of Finance is holding a series of road shows in Saudi Arabia, United Arab Emirates, Oman, Bahrain and Kuwait. The first road show gets underway in Riyadh on Sunday. A high level delegation led by the Secretary, Department of Economic Affairs, R. Gopalan, representatives from the Securities and Exchange Board of India SEBI, the Reserve Bank of India RBI, Senior Officials from Ministry of Finance, Department of Revenue and Department of Disinvestment would engage in a series of interactions with the captains of industry and business leaders in the gulf region to explain the investor friendly business opportunities in India. Capital flows in the form of FDI from GCC to India have gathered pace in recent years and were around $2.6 billion by January 2012 and it is expected that it has a lot of potential to pick up in the times to come.

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