BlackRock utilizes new framework to increase investment in India

BlackRock is utilizing India's Single Window Automatic and Generalised Access for Trusted Foreign Investors (SWAGAT-FI) framework, which came into force on June 1 to attract foreign capital. This new route allows for simpler registration and compliance for select low-risk foreign portfolio investors. BlackRock is among the largest asset managers whose investment structures have registered under this framework.

The framework was designed to attract stable foreign investment, and since its operational start, foreign investors have added a net $7.34 billion to Indian equity markets. The new route also grants investors a 10-year registration period, which reduces renewal-related paperwork and compliance costs for large, long-term investors.