INSUBCONTINENT EXCLUSIVE:
The infrastructure sector got a boost after Finance Minister Nirmala Sitharaman on Saturday announced incentives for sovereign wealth funds
to invest in this space.
In her Budget speech, the Finance Minister proposed 100 per cent tax exemption to SWFs on interest, dividend and
capital gains income earned from any investment made in infrastructure and other notified sectors till March 31, 2024 with a minimum lock-in
sovereign wealth funds are very positive
increase in FPI (foreign portfolio investment) investment limit in corporate bonds to 15 per cent and allowed NRIs to increase investment in
government bonds and securities
Bindra believes these moves will bring in long-term foreign capital to the country.
Overseas investors on Saturday sold shares worth Rs
1,199.53 crore in the cash market, according to the data available with NSE.
Ajit Mishra, VP Research, Religare Broking, said the move is
positive for infrastructure major L-T
Alok Deora, an analyst at YES Securities said infrastructure investment trusts (InvITs) will benefit from the incentives offered for