FDI cap hike in insurance may offer more fund-raising avenues to the sector

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FDI cap hike in insurance may offer more fund-raising avenues to the sector

ET BureauLast Updated: Feb 02, 2021, 01:29 AM IST

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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.

The FDI cap on insurance companies was first raised from 26 per cent to 49 per cent in March 2016.

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