๐๐Abu Dhabi Investment Authority (ADIA) is setting up a whopping $4.5 billion fund to invest in India through GIFT City!๐๐ฐFirst sovereign wealth fund to do so, ADIA is gonna have a blast investing in Indian startups, debt securities, and both Indian and foreign equities.๐๐
๐Mid-2024 is when the party starts, and ADIA's got a sweet deal with no long-term capital gains taxes on Indian investments until at least March 2025.๐๐๏ธ
๐คIFSCA is also chatting up other sovereign wealth funds to join the GIFT City club.๐๐ผIndia's government is pushing hard to make GIFT City a global capital magnet, with a 10-year tax holiday and zero taxes on fund transfers from abroad.๐๐ธ
๐ขDomestic companies like Paytm and Infibeam Avenues are hopping on the GIFT City train too!๐๐ผADIA's move shows GIFT City's growing importance as a top investment spot, boosting India's global financial rep.๐ฎ๐ณ๐
What do you think about GIFT City's potential?๐ค๐ญShare your thoughts in the comments!๐๐จ๏ธ
