India's infrastructure is in need of a major overhaul is a fact well known. That is why the government has set a target of US$ 1 trillion in the next 5 years to make this happen. Hence, getting funding for the same has also become important. In this regard, SEBI in its latest move has tweaked rules to induce fund flows into infrastructure. Essentially, the regulatory body has widened the definition of strategic investors. This now includes Foreign institutional investors (FIIs) and non banking financial companies (NBFCs). foreign institutional investors (FIIs) have been major participants in India's equity markets. Thus, this is obviously something that SEBI wants to capitalise on. This means that FIIs can now put in money into infrastructure development funds (IDFs). This move is also expected to improve the marketability and saleability of the latter. That said, FIIs have also been notorious for huge capital outflows during times of a global downturn. The outbreak of the global financial crisis is a testimony to the fact. Thus, whether these investors would choose to put in money from a much longer term perspective remains to be seen.