FDI cap hike in insurance may offer more fund-raising avenues to the sector
SECTIONS
Last Updated: Feb 02, 2021, 08:36 AM IST
Share
Synopsis
Industry CEOs and experts claim that the move will provide a fillip to an industry that needs more finances to insure more people in the world’s second-most populous nation and raise funds for long-gestation projects such as ports, road assets and aviation hubs.
ThinkStock Photos
The FDI cap on insurance companies was first raised from 26 per cent to 49 per cent in March 2016.
Related
Five years after India increased the ceiling on overseas ownership in the insurance sector, finance minister Nirmala Sitharaman on Monday heralded bold reforms in a sector considered crucial for underpinning infrastructure financing.