Our country India is one of the few large growth markets with a significant pool of highly-educated & talented people which gave the company access to a highly productive workforce. The presence of large auto projects also meant a well-developed supplier base in and around Chennai, which influenced a substantial investment.
The business environment in India has strong appeal for the other countries. This can well be a signal for other countries wanting to funnel their investments to productive markets.
While the India story is being rewritten in manufacturing, another area that is waiting to take a quantum leap is the financial sector.
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| M. Shekar, India Finance Bazaar.com |
A Business & Investment Opportunities Fair, says Mr. M. Shekar, CEO and President, India Finance Bazaar.com, in these 2 cities will allow Indian corporates in the financial services space showcase their products and services to international investors as well as high net worth non-resident Indians (NRIs) . There will also be a similar expo in Chennai on May 3rd and 4th (2013).
Changes made by the Finance Minister in the 2013 -14 Budget can greatly benefit high net worth individuals (HNIs) looking to invest in India, where returns on investments are higher than in any other market. The ability to arbitrage can be a powerful magnet.
New Delhi now allows Qualified Foreign Investors (QFIs) - individuals, groups or / associations - to invest directly in Indian equities & bond markets. A qualified foreign individual investor is distinct from foreign portfolio investors and NRIs non-resident Indians.
Such an investor can, for instance, be from Singapore or / Dubai who can buy stocks of, say, a Tata group company or / Coal India or / any other listed stock through an Indian depository participant after obtaining the RBI’s (Reserve Bank of Indai) approval.
Investment solutions..!
The Singapore / or Dubai expo will offer investment solutions for foreign individual investors (FIIs) in the area of debt, equity & mutual funds, business support for setting up business in India through foreign direct investment in various growth-oriented sectors.
Mr. M. Shekar says that participants in the expos will be asset management companies, financial advisors, insurance companies, nationalised and private banks, NBFCs, credit rating agencies, merchant bankers, equity, commodity, currency and depository participants, venture capitalists & private equity (PE) funds.
The high savings rate (25% plus) of Indian households & a low level of financial product penetration, makes this a vast market for mutual funds, portfolio and wealth management services, insurance and a variety of other products.
Policy initiative
With a high proportion of savings going into physical assets such as gold & real estate, the Indian government is engaged in a big policy initiative to nudge savers towards financial markets through incentives and tax savings.
The recent relaxation in expense ratios for mutual funds and the prospects of higher foreign investment limits in insurance and pension sectors could unlock huge potential in these sectors too and can emerge as a lucrative market for foreign investors.
The expo apart, there will also be a 2 day seminar to be addressed by high-profile speakers from the Indian financial services industry organised for the participants on the current play in the Indian economy. It will also help foreign investors get a clear understanding on various government policies, procedures, regulatory issues and details of return on investment along with tax planning guidance.
Chennai event Presents by National Stock Exchange (NSE), Chennai Seminar Sponsor is Birla Sun Life Mutual Fund
For more details Chennai 98410 23336
Events organised by
i ads & events and India finance bazaar
Trade Enquiry
72990 53553, 9566236570
Web Sites:
www.indiafinancebazaar.com, www.ifmaonline.com
Contact:
India Finance Bazaar,
New No. 3, Old No. 17 2nd floor,
North Mada st, Sri Nagar Colony, Saidapet, Chennai - 600 015.
Mobile: 09962 534431, +91 09962899343
Tel: 044 - 3297 3431
Web Site: www.indiafinancebazaar.com
Email:shekarm@vsnl.com, shekarm@indiafinancebazaar.com
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