Pitching for foreign investment in the infrastructure sector, Finance Minister Pranab Mukherjee asked the US investors to access the Indian debt market through a mechanism of regulated entities with a sustained long-term interest rate.
The infrastructure sector needs one trillion US Dollars of foreign investment in the 12th five-year plan.
Meeting leaders of Fortune 500 companies at Chicago in US, Mr. Mukherjee assured the US investors that India has evolved a transparent and stable regulatory regime in sectors such as electricity, telecommunications, ports, airports, petroleum and natural gas, and a regulator for the coal sector is on the anvil.
He told them that India has recently liberalised foreign participation in the debt-equity market by allowing foreign investors to invest in the Indian equity directly.