Sovereign wealth funds look at infrastructure sector

Nirmala Sitharaman in her Budget speech had offered incentives for sovereign wealth funds of foreign governments in the priority sectors. The government said it will grant 100% tax exemption to their interest, dividend and capital gains income on investment made in infrastructure and other 36 notified sectors before March 2024 and with a minimum lock-in period of 3 years.

from Economy-News-Economic Times https://ift.tt/2Pw47Va