Japan comes calling for Indian investors
After pumping in billions of dollars into the Indian market over the past couple of years, Japan is now trying to attract Indian investors to tap its markets.
By PTI |
MUMBAI: After pumping in billions of dollars into the Indian market over the past couple of years, Japan is now trying to attract Indian investors to tap its markets.
Leading global investment bank Daiwa Securities SMBC, a joint venture between Japan's Daiwa Securities and Sumitomo Mitsui Banking Corp, has set up its office in India and is in the process of marketing its various investment banking products to prospective investors paving the way for tapping the Japanese markets.
Daiwa Securities SMBC's India investment banking head Vaishali Nigam Sinha told PTI, "We are here to market our investment banking products to the Indian corporate giant, which will enable them to tap the Japanese market for equity and debts."
The Tokyo-based company has already set up a representative office here in India in its bid to tap the growing demand for specialist services in the securities industry.
"We have 700 millions dollars funds dedicated funds for India and we are in the process of marketing our various financial products like public offer without listing (POWL) also known as Samurai bonds to Indian companies," Sinha said.
Besides Daiwa, Japan's Nomura Holdings is also said to have set up a representative office in the country, taking cue from the robust interest shown by Indian companies for raising funds from the overseas markets such as the US and Europe.
Japanese funds constitute a large part of the Foreign Institutional Investors in India, but there have been limited instances of Indian corporates seeking to tap the Japanese markets for raising funds.
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