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  • News From Press Higher limit in FPIs: NRI investments in Gift City off to a slow start

    Higher limit in FPIs: NRI investments in Gift City off to a slow start

    Source: Business Standard Sep 13, 2024

    The Securities and Exchange Board of India has permitted 100 per cent contribution from non-resident Indians (NRIs) and overseas citizens of India (OCIs) in the corpus of foreign portfolio investors (FPIs) based out of Gujarat International Finance Tec-City (GIFT City), the country’s international financial services centre (IFSC). However, the Indian diaspora is yet to fully warm up to this new route.

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