India's fast-track route for low-risk foreign investors logs 164 sign-ups in 100 days, data shows
SWAGAT-FI framework came into force on June 1, as part of efforts to attract more stable foreign investment
India's streamlined entry route for trusted foreign investors, known as the Single Window Automatic and Generalised Access for Trusted Foreign Investors (SWAGAT-FI) framework, has attracted 164 registrations in under 100 days, according to data released on Tuesday. This fast-track system, launched on June 1, aims to boost stable foreign investment in the country.
The new route offers simplified registration and compliance procedures for a select group of low-risk foreign portfolio investors (FPIs), including sovereign wealth funds, pension funds, insurance companies, and regulated public retail funds. These investors constitute 70% of total foreign investment in India. One significant change is the increased registration period from 3 to 10 years for these investors, reducing renewal-related paperwork and costs for long-term investors.
Major asset managers like BlackRock, Vanguard, State Street, and Franklin Templeton have already registered under this new framework. The data also indicates that foreign investors have injected a net ₹70,200 crore ($7.34 billion) into Indian equity markets since the framework's implementation, despite a recent decline in sentiment in September.
Other notable investors include Korea Investment Corporation, Malaysian pension funds, and government-related entities.
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- India's fast-track route for low-risk foreign investors logs 164 sign-ups in 100 days, data shows economictimes.indiatimes.com
