The Securities and Exchange Board of India (SEBI) has formed a group of Foreign Portfolio Investors (FPI) experts in an effort to increase foreign capital flows into the nation.

Former Chief Economic Adviser KV Subramanian will preside over the FPI Advisory Committee (FAC), which consists of 14 members representing international banks, stock exchanges, depositories, and RBI.

The FAC has been tasked with providing advice on matters pertaining to the investments and operations of FPIs in the financial markets, including steps to promote the ease of doing business for FPIs in India.

The committee will evaluate the investment opportunities accessible to FPIs and provide advice on the viability of new investment opportunities. In addition, it will propose measures necessary to increase FPI involvement in the bond market.

Source: Business Standard