A qualified foreign institutional investor (QFI) is an individual, group or association resident in a foreign country that is compliant with Financial Action Task Force (FATF) standards. QFIs do not include FIIs/sub-accounts.
QFI allows foreign nationals from 45 countries, including the UAE, to invest in Indian equities and debt instruments.
The event took place yesterday in the presence of Sanjay Verma, Consul General of India and Sajith Kumar P K, CEO & Director, IBMC Group & JRG International.
It also marked awarding of the first QFI Account to Hazza Mohammed Al Dhaheri by S. Rengarajan, CEO, IL&FS Securities Services.
"The UAE and India share extensive trade and commercial bonds. They are also each other