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Meeting
leaders of Fortune 500 companies in Chicago, he assured them that India
has evolved a transparent and stable regulatory regime in sectors such
as electricity, telecommunications, ports, airports, petroleum and
natural gas, and a regulator for the coal sector is on the anvil.
He
told them that India has recently liberalised foreign participation in
the debt-equity market by allowing foreign investors to invest in the
Indian equity directly.
Seeking
a "greater degree of involvement" of foreign investors, Mukherjee said
the "debt requirement for the infrastructure sector is very large."
He
said India had recently evolved a mechanism to enable access to the
Indian debt market through infrastructure debt funds which will be
regulated entities with a sustained long-term interest rate, long
horizon entities like pension and infrastructure and insurance funds.
Those
present at the meeting organized by the Chicago Council on Global
Affairs (CCGA) included CCGA President Marshall Bouton; Stephen Chipman,
CEO Grant for Thornton LLP; James A Gordon, President and Founder,
Edgewater Funds; Brian Kenney, Chairman, President and CEO of GATX;
Jennifer Scanlon, President International and Vice President USG
Corporation; Matthew J Shattock, President and CEO of Beam Inc; Gordon
Hunter, Chairman, President and CEO Littelfuse Inc; and Rajeev Gautam,
President and CEO of UOP LLC - a Honeywell Company. 
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