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Universities can set up in India but regulations pose challenge

Insurance biz: MNCs can own 74%, but FIIs, PEs hold the key

Insurance biz: MNCs can own 74%, but FIIs, PEs hold the key SECTIONS Share Synopsis Ashvin Parekh, a consultant who has been advising the insurance industry for two decades, said that it made sense for companies to have local management as the Indian market is different from the West when it comes to investment products, actuarial tables or even reinsurance. Also, the contribution of foreign MNCs is not the same as earlier. ThinkStock Photos After the foreign investment limit was hiked to 49% in 2015, what became clear was that the money would come in from FIIs and PE funds the new deep-pocketed investors.

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