Transcript 印度外商直接投资的融资选择

FINANCING OPTION FOR
FOREIGN INVESTORS IN INDIA
• Presented by R.Gopalakrishnan,
Chief Executive, Bank of Baroda,
Guangzhou branch
•由印度巴鲁达银行广州分行区域总裁
Gopalakrishnan先生进行介绍
Bank of Baroda, Guangzhou
1
FINANCING OPTION FOR FOREIGN
INVESTORS IN INDIA
Foreign Direct Investment (FDI) to India is
permitted through:
外商可通过以下渠道进行直接投资：
• Financial Collaboration 金融合作
• Joint Ventures & Technical collaboration
合资及技术合作
• Capital Market via Euro Issues
通过欧元债券进入资本市场
• Private placement & Preferential allotment
私人配售及优先配发
Bank of Baroda, Guangzhou
2
FINANCING OPTION FOR FOREIGN
INVESTORS IN INDIA
• Inflow and outflow of Foreign Exchange is
controlled by:
• RBI
• FEMA Regulations
• Public Issues are controlled and regulated
by SEBI.
Bank of Baroda, Guangzhou
3
FINANCING OPTION FOR FOREIGN
INVESTORS IN INDIA
Financing may be in the form of:
• Equity
• Debt
• Combination of both
Bank of Baroda, Guangzhou
4
FINANCING OPTION FOR FOREIGN
INVESTORS IN INDIA
Equity may be :
• Ordinary Share Capital or combination of
Ordinary Share Capital and Preference
Share.
• For Wholly Owned Subsidiaries – 100%
equity in the form of foreign currency.
• For Joint Ventures – Only to the extent of
Investors share.
Bank of Baroda, Guangzhou
5
FINANCING OPTION FOR FOREIGN
INVESTORS IN INDIA
Debt may be :
• External Commercial Borrowing through
Automatic Route or through Approval
Route of RBI
• Rupee Funding
• Convertible Debenture and Corporate
Bonds
Bank of Baroda, Guangzhou
6
FINANCING OPTION FOR FOREIGN
INVESTORS IN INDIA
Automatic Route of Reserve Bank of India:
• Approval is given in 2 weeks and equity
cap ranges between 24% to 100%
depending on its category.
• Approval Route of Foreign Investment
Promotion Board: Approval is given in 4 to
6 weeks and is liberal to all sectors. It is
not mandatory for foreign investors to
have a local partner.
Bank of Baroda, Guangzhou
7
FINANCING OPTION FOR FOREIGN
INVESTORS IN INDIA
Rupee Funding may be availed for :
• Project Finance – for meeting project infrastructure with
larger maturity period.
• Term Finance – for acquiring Fixed Assets repayable
over 3 to 5 years.
• Working Capital – in the form of Cash Credit for
financing inventory,S.I.P & Finished goods. Packing
Credit and Post Shipment finance in the form of Invoice
Financing,Bill Discounting/Negotiations etc.
• Other Options : Short Term Demand Loan, FCNR (B)
Loan, C.P etc
Bank of Baroda, Guangzhou
8
FINANCING OPTION FOR FOREIGN
INVESTORS IN INDIA
Non Fund Based Facility:
• Letter of Credit for purchase of inventory,
Machinery etc.
• Bank Guarantee either Performance or
Financial based on requirement.
• Deferred Payment Guarantee for acquiring
high cost fixed asset.
Bank of Baroda, Guangzhou
9
FINANCING OPTION FOR FOREIGN
INVESTORS IN INDIA
• Foreign companies with good track record
and sound financials can raise capital
through issue of Indian Depository Receipt
(IDR). This requires approval of Securities
and Exchange Board of India (SEBI).
Bank of Baroda, Guangzhou
10
FINANCING OPTION FOR FOREIGN
INVESTORS IN INDIA
• Funding from Capital Market:
• Public Issue that is controlled and regulated by
SEBI.
• Private placement to Indian investors.
• Private equity to venture capital investors.
Bank of Baroda, Guangzhou
11
FINANCING OPTION FOR FOREIGN
INVESTORS IN INDIA
Rating Agencies in India:
CRISIL
ICRA
CARE
FITCH
Bank of Baroda, Guangzhou
12
FINANCING OPTION FOR FOREIGN
INVESTORS IN INDIA
INDIAN BANKS OPERATING IN CHINA:
→State Bank of India, Shanghai
（印度国家银行，上海）
→ Bank of India, Shenzhen
（印度银行，深圳）
→ Bank of Baroda, Guangzhou
（印度巴鲁达银行，广州）
→ Canara Bank, Shanghai
（卡纳拉银行，上海）
Bank of Baroda, Guangzhou
13
FINANCING OPTION FOR FOREIGN
INVESTORS IN INDIA
•
•
•
•
•
•
•
•
•
•
REPRESENTATIVE OFFICES OF INDIAN BANKS:
State Bank of India, Tianjin （印度国家银行，天津）
Bank of India, Beijing （印度银行，北京）
Punjab National Bank, Shanghai （本杰比国民银行，上海）
Union Bank of India, Shanghai （印度联合银行，上海)
Axis Bank, Shanghai （同心银行，上海）
ICICI, Shanghai （爱西爱西爱银行，上海）
Allahabad Bank, Shenzhen （阿拉哈巴德银行，深圳）
Uco Bank, Guangzhou（友固银行，广州）
Indian Overseas Bank, Guangzhou （印度海外银行，广州）
Bank of Baroda, Guangzhou
14
FINANCING OPTION FOR FOREIGN
INVESTORS IN INDIA
Bank of Baroda, Guangzhou Branch
contact details :印度巴鲁达银行广州分行联系方式
• R.Gopalakrishnan, Chief Executive -区域总裁
• Rajeev Kumar, Asstt. Manager-行长助理
• METRO PLAZA, 2011 – 2013, 183 Tian He Bei Road,
Guangzhou. 510620.
广州市天河北路183号大都会广场2011-2013室（邮编510620）
• Telephone（电话）Nos: 00 86 20 8375 2390, 8375 2466
• Fax（传真）: 00 86 20 8375 2285
• E mail（邮箱）: [email protected] Bank of Baroda, Guangzhou
15
FINANCING OPTION FOR FOREIGN
INVESTORS IN INDIA
• Thank You 谢谢！
Bank of Baroda, Guangzhou
16