APN News

  • Monday, November, 2019| Today's Market | Current Time: 08:13:14
  • Akash Gupt – Partner and Leader Regulatory, PwC India

    Increase in FDI limit will definitely help cash strapped insurance sector in India. A controlling stake in hands of foreign investor can result in real money inflow, new entrants in the sector (specially intermediaries), and even consolidation. Additional headroom will also help new age Indian entrepreneurs in the sector to raise more money to fund innovative business models. A key objective of SBRT policy is enhancement of exports on account of global supply chain integration and encouragement of economic activity in India with certain sourcing conditions. As long as SBRT players aligns to this fundamental spirit of policy, other additional condition become counter productive, for  example relating to what can be sourced, who can source, how to deal with sourced products etc. A simplified regime will encourage more brands coming to India and help achieve policy objectives.