India exempts Saudi Arabia's wealth fund from investment cap...

India exempts Saudi Arabia's wealth fund from investment cap rules to boost capital inflows

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India has exempted Saudi Arabia's Public Investment Fund (PIF) from certain foreign portfolio investment rules to attract long-term capital and strengthen financial ties. This move allows PIF's various arms to invest independently in Indian equity markets, bypassing the previous 10% ownership cap. It aims to boost Saudi Arabia's $100 billion investment plan in India, particularly in energy and infrastructure sectors.

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