Budget 2013: Biz honchos’ expectations
Budget should open up capital markets to foreigners:Sanjeev Bhalla
Sanjeev Bhalla, Head - Equities and Alternatives, Bank of Bahrain and Kuwait, called upon the government to come up with measures that revive growth in the country.
“The government should focus on reviving growth even if it has to take some hard measures,” he said.
“FIIs should be allowed to invest freely in India and capital markets should be opened to foreigners in a phased manner. Currently foreign investors are routing almost all their investments through tax havens such as Mauritius,” he added.
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