New FPI Application Form Aims to Attract Foreign Investment

The government has announced a revamped common application form designed specifically for foreign portfolio investors (FPIs), targeting a smoother registration and account setup experience. This initiative, paired with recent tax breaks on government securities, seeks to lure in foreign capital and bolster the stability of the rupee. The revised form not only simplifies the declaration process but also includes a novel category tailored for those investing solely in government securities.