Govt eyes $90 bn from Gulf roadshows

Investors are not making decisive decisions as there is some amount of misinformation.

Written by ENS Economic Bureau | New Delhi | Published: June 8, 2012 1:14 am

To check the depreciation in rupee and dipping investor confidence,the finance ministry has organised roadshows in Gulf countries to attract big ticket investments into the country from individual foreign investors that are expected to bring in nearly $90 billion in the next two years.

“Investors are not making decisive decisions as there is some amount of misinformation. We want to tell foreign investors that there is tremendous opportunity for investment in India. We will address their apprehensions,if any,about investments here,” department of economic affairs (DEA) secretary R Gopalan said on Thursday,stressing that “perceptions can be corrected when you talk to investors.”

Starting June 10,the finance ministry has organised roadshows in five gulf countries — Saudi Arabia,Dubai,Kuwait,Bahrain and Oman over five days.

Called the India as an ‘Incredible Investment Destination’,the roadshows would be attended by officials from DEA,departments of revenue,disinvestment,the Securities and Exchange Board of India,RBI,BSE and NSE. Based on the response,the ministry plans to organise similar roadshows in Europe,the US and the Far East.

Large fund houses in the Gulf region has shown interest in investing in India,Gopalan said,adding that a good amount of money in the form of sovereign wealth funds is available in these countries.

For all the latest News Archive News, download Indian Express App

    Live Cricket Scores & Results