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Ms. Anjali Bansal
Co-Chairperson
Working Group on Capital Availability for Growth
Government of India
Dear Ms. Bansal,
The Bombay Chamber of Commerce and Industry welcomes the opportunity to contribute to the deliberations of the Working Group on Capital Availability for Growth under the High-Level Committee for Viksit Bharat.
At a critical juncture in India’s economic trajectory, the availability, accessibility, and cost of capital will be decisive in determining the pace at which the country can achieve its growth ambitions. While India has made significant progress in attracting foreign investment, industry experience indicates that persistent regulatory frictions, procedural complexities, and sector-specific constraints continue to limit the full potential of foreign capital inflows.
Drawing on valuable inputs shared by our esteemed members who are industry leaders across sectors, this paper presents a set of targeted, actionable recommendations aimed at unlocking greater volumes of stable, long-term foreign capital. These recommendations focus on:
- Enhancing foreign capital inflows (FDI, FPI, ECBs, and other instruments)
- Regulatory/procedural reforms for smoother cross-border flows
- Sector-specific ideas to attract long-term foreign investment
- Key challenges in accessing foreign funds.
The Chamber strongly believes that incremental reforms will not suffice. A calibrated yet bold approach to regulatory simplification, policy stability, and investor facilitation is essential to position India as a truly frictionless and globally competitive investment destination.
The recommendations outlined in this paper are intended to support decisive policy action and fast-track implementation. We look forward to continued engagement with the Working Group to help translate these proposals into impactful outcomes aligned with the vision of Viksit Bharat.
Yours sincerely,
Rajiv Anand
President
