India and Oman have started talks to set up a joint holding company with an initial corpus of $100 million for making investments in the infrastructure sector. Major business houses and investment institutions of both sides are also hoped to contribute in the company. The initial corpus will serve as the seed capital and would be scaled up later. The proposal comes in the backdrop of India establishing an overseas financing vehicle in London to fund forex requirements of infrastructure companies. The offshore subsidiary of India Infrastructure Finance Company would borrow foreign currency up to $5 billion from the Reserve Bank of India and provide foreign currency loans to Indian comp
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