At a time when the foreign portfolio investors are fleeing the Indian stock market in hordes, the Union Budget has proposed to tap persons resident outside India (PROI) aggressively by more than doubling their investment limits in equities. Finance Minister Nirmala Sitharaman on Sunday proposed to increase the equity investment limit for a PROI to up to 10% of the paid-up capital from 5% and the combined limit of such investments to a maximum of 24% from 10%. With this new limit, experts said, PROIs will be encouraged to invest more aggressively in Indian equities directly.