In a country like India, which has a huge and ever-growing capital funding requirement, the importance of a corporate debt market cannot be highlighted enough. Despite policy pushes and various measures that have been introduced on the regulatory front, India’s corporate debt market is still largely untapped.
The panel discussion organised by the Bombay Chamber of Commerce & Industry saw two knowledge-driven sessions from industry experts who gave their insights on the topic of Corporate Debt Market in India: Issues and Challenges.
Opening the event, Mr Nilesh Shah, President, Bombay Chamber, Group President & Managing Director, Kotak Mahindra AMC and Part-Time Member of the Economic Advisory Council to the Prime Minister, spoke about the Chamber’s role in acting as a bridge between civil society, government and its member organisations. He also highlighted the two contradicting factors present in the debt market today – our infrastructure which is at par with the best in the world, and the need to have a more efficient and vibrant debt market, especially with India looking to grow from about 3.5 trillion dollar GDP to a higher level, to provide capital for funding that kind of growth.