GIFT City: India's Rising Star for Foreign Portfolio Investors
India's GIFT City has lucrative tax benefits, which has enhanced its appeal over traditional investment routes via Mauritius or Singapore.
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India's GIFT City has lucrative tax benefits, which has enhanced its appeal over traditional investment routes via Mauritius or Singapore.
According to legal experts and industry players, the trend is being primarily driven by the efforts of the Indian government that is pushing GIFT City over common investment channels through Mauritius, Singapore, and others.
Apart from equities, FPIs withdrew Rs 10,949 crore from the debt market during the month under review.
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