US-India to discuss,explore capital market reforms
By Abha Manakatala - Wed Nov 04, 2:53 pm
Ajay Tyagi, Additional Secretary, Department of Economic Affairs, and Ramin Toloui, Assistant Secretary for International Finance, U.S. Department of Treasury, today released a joint statement on the second U.S-India Investment Initiative, held in New Delhi on November 4, 2015:
“The U.S.-India Investment Initiative will help our governments discuss and explore capital market reforms and policy measures to spur long-term investment by domestic and foreign investors in India.
“Our discussion today focused on potential policy measures that could deepen India’s capital markets and drive greater U.S. investment in India. Specifically, we discussed new initiatives to mobilize private capital to fund infrastructure, policies that can develop a deeper and more liquid corporate debt market, and instruments to help sub-sovereign governments raise financing for development. We also discussed potential avenues of technical collaboration between the Ministry of Finance and the U.S. Department of Treasury in developing deeper and more robust Indian capital markets. We look forward to continued engagement between India and the United States on economic issues at the sixth annual U.S.-India Economic and Financial Partnership Dialogue in Washington, D.C. in 2016.”