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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