Given the nature of our foreign exchange reserves, which have not been built out of surplus, strains visible on the external sector and various other demands being placed on the reserves, funding of such ventures out of reserves does not seem a viable option.
The other alternatives including overseas borrowing against sovereign backing or domestic resource raising through special cess and utilization of private sector resources in a PPP model need to be evaluated for this purpose. BIS central bankers’ speeches  13  H.  Way forward  Investments by individuals & LLPs Today, we have an enabling regulatory environment for encouraging overseas investments by individuals.