The Indian infrastructure space is set for a major fund-boost worth billions of dollars from foreign venture capital investors as regulator SEBI has removed a lacunae in norms to allow such investments.
The move, wherein SEBI has allowed Foreign Venture Capital Investors (FVCIs) to put money in Core Investment Companies (CICs) set up for the infrastructure sector, is expected to help attract billions of dollars worth of overseas venture capital funds in the infrastructure sector over the long term.
Investment worth at least Rs 7,000-8,000 crore is expec-¡ted to flow into the Indian infrastructure space in the immediate future itself through this route.
The new norms have been finalised after taking into account public comments to a SEBI proposal for amending existing FVCI regulations to allow FVCIs to invest in CICs, which are registered as a special class of NBFCs.
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