PTI New Delhi

Markets regulator Sebi has proposed introducing a single window access for low risk foreign investors seeking to participate in the Indian securities market, a move aimed at simplifying compliance and enhancing the country's attractiveness as an investment destination.

The new framework -- Single Window Automatic & Generalised Access for Trusted Foreign Investors (SWAGAT-FI), if implemented, would provide easier investment access to low risk foreign investors, enable a unified registration process across multiple investment routes and reduce repeated compliance and documentation for such entities, Sebi said in its consultation paper.

The low risk foreign investors identified by Sebi include government-owned funds, central banks, sovereign wealth funds, multilateral entities, highly regulated public retail funds, and appropriately regulated insurance companies, as well as pension funds.

Sebi mulls framework to boost resident Indians participation in FPIs

Sebi has proposed facilitating greater participation of resident Indians in the Foreign Portfolio Investors (FPIs) framework.

Under the proposal, Sebi has proposed expanding the role of Indian non-individuals and mutual funds in international investment structures.

"It is proposed to enable retail schemes based in IFSCs in India with resident Indian non-individuals as sponsor/manager to register as FPIs," Sebi said in its consultation paper.