GIFT City, located in Prime Minister Narendra Modi's home state of Gujarat, has recently attracted the attention of global funds:
Last week, Standard Chartered announced plans to launch its Signature CIO funds from GIFT City:
Similarly, Jio BlackRock, a joint venture between Jio Financial Services and BlackRock, secured regulatory approval to launch funds from GIFT City:
GIFT City, aspiring to become akin to Hong Kong or the Dubai International Financial Center, is now drawing interest from investors:
The Indian government has improved tax structures, which is aiding the development of GIFT City:
According to Rajesh Gandhi, a partner at Deloitte India, GIFT City has become an important gateway for international investors:
Global fund houses are beginning to respond to the growing demand from Indian investors:
GIFT City offers easier access to international markets:
