January 29, 2012 6:46 PM

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Pranab asks US investors to access Indian debt market

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.

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