Letter to BS: Indian firms should indeed be allowed foreign listings

Sebi must initiate measures to execute recommendation to enable our companies to list on external exchanges and also to permit foreign companies to list on Indian exchanges

This refers to the editorial “Globalising India Inc” (December 7). The country is part and parcel of the global economy and domestic companies’ health and growth are impacted by external economic forces. Prohibiting  domestic companies from raising funds from foreign capital markets through listings is inimical to the competitiveness of these entities. If allowed to list on foreign capital markets, domestic companies will be able to bolster resources from the foreign market. To be able to approach external exchanges, domestic companies have to ensure high efficiency, performance, health and credibility as per international standards. Given that will try to improve