Impact investing! The concept blew me off the first time, I was briefed by a friend. And a seperate stock exchange that would list shares - shares that would belong to companies filtered by this exchange! Wow..
Back home in India working part-time for Parikrma Humanity foundation, I had limited knowledge beyond the realms of community work, NGO activity, philanthropic grants etc; So when I started reading more on the concept of impact investing, I was able to unearth tomes of relevant literature in this space. Today, while working in this start-up which will evolve into a full-blown tock exchange in Singapore, I'm able to discern the level of sophisticiation pervious to this part of the world.
This exchange will foster the process of raising capital by firms from diverse verticals such as microfinance, clean-energy and host of companies from poor countries. This capital would then get deployed in host countries and in other geographical markets generating revenues and creating more jobs. Through this alternate exchange, multiple stakeholders including a large section of international FII community shall converge to unlock significant amount of business value.
The Indian regulatory bodies need to promptly take stock of this emerging concept. With more than 60 % of the indian population hooked into agriculture and food processing, and a host of unlisted companies in sunrise sectors jostling to raise capital for business expansion - an alternate exchange can bode trillion dollar market opportunity for all! Albeit, all aspects of risk management and due-diligence done to ensure compliance to international standards.
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