Even as we have been following calibrated approach to opening of debt market to foreign investors, a separate limit of USD 25 billion has been provided for investment by FIIs in corporate bonds issued by infrastructure companies with a three year lock-in period.
The investments under this route can either be through mutual fund debt schemes (for Qualified Foreign Investors with a limit of USD three billion) or through investment in bonds issued by infrastructure companies with a lock-in period of one year within investment limit of USD five billion and with a lock in period of three years with an investment limit of USD 17 billion.