Kotak Mahindra (UK), a wholly owned subsidiary of India’s Kotak Mahindra Bank, is presenting a fixed maturity plan to help foreign investors access the India corporate debt market. This follows the closure in early July of Kotak Fixed Maturity Plan-I, which raised about USD140m from investors worldwide. Kotak says international investors are increasingly looking for ways to invest in Indian corporate debt. They are attracted by the combination of safety of capital coupled with higher returns than are available from companies in western markets. Data released by the Securities and Exchange board of India shows that foreign institutional investors invested USD6.88bn in debt in India compared to USD6.08bn in equity from January to June 2010.