View: The capital opportunity India is wasting

By failing to determine on out honest correct thing about the surfeit of world capital scouring the field for worthwhile deployment, the authorities fails the folk of India, in determined need of development, incomes and jobs.

Synopsis

There would possibly perchance be an IPO fever raging in the US, other than Covid-19. It reveals that there is a mass of capital accessible hungry for worthwhile deployment and raring to finance infrastructure and revive development in India, if only the authorities reveals the sense to offer it assurance as to returns and predictable tax remedy.

Vivek Ranadivé’s Bow Capital no longer too prolonged ago floated a special cause acquisition firm(Spac) and raised $480 million in an initial public offering (IPO). Snowflake, a cloud administration firm, walked off with the ideal tech IPO in history, reaching a valuation of $70 billion. Many other IPOs are heading in the correct direction. There would possibly perchance be an IPO fever raging in the US, other than Covid-19.It reveals that there is a mass of capital accessible hungry for worthwhile deployment

BY

ET Bureau

Sep 30, 2020, 12: 07 AM IST

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