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Two influential US lawmakers have applauded the Indian government s move to increase foreign direct investment in the insurance sector from the existing 49 per cent to 74 per cent, saying it will further deepen bilateral trade and investment. India s Parliament last month passed the Insurance Amendment Bill 2021 to increase the foreign direct investment (FDI) limit in the insurance sector. We are very encouraged by the inclusion of a proposal to raise the limit on foreign direct investment in the Indian Insurance sector from 49 per cent to 74 per cent, Congressman Brad Sherman and Steve Chabot said. This long-awaited reform holds the promise of expanding insurance coverage for Indian consumers and businesses, promoting both financial inclusion and economic resilience in India, they said.
US lawmakers welcome India s move to increase FDI in insurance sector to 74 per cent
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US lawmakers welcome India s move to increase FDI in insurance sector to 74 per centPTI
Last Updated: Apr 17, 2021, 11:08 AM IST
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Synopsis We are very encouraged by the inclusion of a proposal to raise the limit on foreign direct investment in the Indian Insurance sector from 49 per cent to 74 per cent, Congressman Brad Sherman and Steve Chabot said.
PTI
Two influential US lawmakers have applauded the Indian government s move to increase foreign direct investment in the insurance sector from the existing 49 per cent to 74 per cent, saying it will further deepen bilateral trade and investment.
US lawmakers welcome India raising FDI in insurance to 74%
PTI
Washington |
Updated on
The move will increase the capital available to support India’s ‘ambitious infrastructure goals’
Two influential US lawmakers have applauded the Indian government s move to increase foreign direct investment in the insurance sector from the existing 49 per cent to 74 per cent, saying it will further deepen bilateral trade and investment.
India s Parliament last month passed the Insurance Amendment Bill 2021 to increase the foreign direct investment (FDI) limit in the insurance sector.
“We are very encouraged by the inclusion of a proposal to raise the limit on foreign direct investment in the Indian insurance sector from 49 per cent to 74 per cent, Congressman Brad Sherman and Steve Chabot said.
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