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BS BFSI Summit: Why go Mauritius, come to GIFT City, say fund managers

Business Standard LogoBusiness Standard4h ago

BS BFSI Summit: Why go Mauritius, come to GIFT City, say fund managers - Business Standard

Quick Summary:

Rahul Prasad, chief executive of HDFC Life International and Reinsurance, discussed GIFT City’s importance in expanding India’s insurance market.“We have launched six insurance products in just 14 months...

Murugaiyan also highlighted GIFT City’s importance in structured finance and aviation, pointing out that BNP Paribas now routes much of its aviation financing through GIFT.“For financing in clean energy and beyond, GIFT City is becoming increasingly important,” he said, predicting that structured finance would continue shifting to the IFSC.

Kunal Shah, partner at PwC India, highlighted the Centre’s tax benefits for Indian investors, calling GIFT a ‘win-win’ for both fund managers and investors.“GIFT offers opportunities to undertake fund management activity for foreigners, non-resident Indians (NRIs), and Indians within India,” he said.


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Category: BusinessFinance

Markets:

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Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-08 @ 12:31:49 (4 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 623 words

Reading Time: 4 minutes read

Sentences: 24 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 23468449

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Official Website: business-standard.com

Update Frequency: 245 posts per day

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News Last Updated: 2 hours ago

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Publisher ID: #49

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