Pitching for foreign investment in the infrastructure sector which needs $1 trillion in the 12th Five-Year Plan, Finance Minister Pranab Mukherjee on Sunday asked the US investors to access the Indian debt market through a mechanism of regulated entities with a sustained long-term interest rate.
Meeting leaders of Fortune 500 companies here, he assured them that India has evolved a transparent and stable regulatory regime in sectors such as electricity, telecommunications, ports, airports, petroleum and natural gas, and a regulator for the coal sector is on the anvil. He told them India had recently liberalised foreign participation in the debt-equity market by allowing foreign investors to invest in the Indian equity directly.