Around 2,100 fresh FPIs registered in April to November FY2017

New Delhi: Foreign Portfolio Investors (FPIs) find India an attractive investment destination on the back of its long-term growth prospects, stable macro-economy and ongoing reforms. Furthermore, Securities and Exchange Board of India (SEBI) norms to club all classes of foreign investors into FPIs and simplifying registration procedures coupled with direct entry for investment in the corporate bonds for well regulated foreign investor has resulted in the number of FPIs rising almost 2,100 during the April-November 2016 period as against 2,900 FPIs registered in the previous fiscal. The total count may increase further especially due to a proposal to exempt category I and II FPIs from taxation on indirect taxes in Budget 2017-18.

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.