IBPC Kuwait Hosts Gift City - IFSCA Investment Opportunities for NRIs
Thursday, April 25, 2024
The Indian Business and Professional Council (IBPC), Under the Patronage of the Embassy of India, Kuwait, successfully hosted a seminar at Radisson Blu Hotel, focused on "Investment Opportunities for the NRIs," in collaboration with esteemed partners; the International Financial Services Centres Authority (IFSCA) - Gift City, Invest India, Aequitas, CII, and NIIF. The event aimed to leverage the advantages for foreign investors and NRIs, particularly emphasizing the benefits tailored for NRIs in GIFT City.
Mr. Kaizar T Shakir, Hon. Vice Chairman of IBPC Kuwait, extended a warm welcome to the audience, setting the stage for an informative and engaging session. The event was graced by the esteemed presence of His Excellency Dr. Adarsh Swaika, Indian Ambassador to Kuwait, who encouraged NRIs to seize this opportunity to become integral part of India's growth story. Dr. Swaika emphasized the Government of India's ambitious "One District One Product" (ODOP) initiative and urged attendees to explore the products showcased during the seminar. The IBPC Executive Committee led by Mr. Gurvinder Singh Lamba Hon. Chairman, Mr. Soly Mathew Hon. Secretary, Mr. Kaizar T Shakir Hon. Vice Chairman, Mr. Suresh K P Hon. Joint Secretary and Mr. Sunit Arora Hon. Treasurer welcomed the Ambassador of India with flower bouquet to the event.
Mr. K. Rajaraman, Chairperson of IFSCA - Gift City, introduced the diverse investment opportunities available for NRIs at Gujarat International Finance Tec-City (Gift City). He highlighted the exceptional progress India has made in recent years, citing significant reforms such as GST and transformative changes in the banking sector, leading India onto a robust growth trajectory. Mr. Rajaraman underscored that Gift City provides an environment to become a global financial hub like Singapore and Hong Kong, making it an attractive destination for international investments.
Mr. Pavan Shah, General Manager of IFSCA, delivered an insightful presentation on various seamless procedures, starting with simple bank deposits at Gift City. He shed light on the competitive returns offered by all banks operating within Gift City and elaborated on the various Fund Management services and Portfolio Management Services (PMS) available in foreign currencies.
The seminar also featured presentations from established institutions already situated at Gift City, like HDFC Life, and Aequitas. Presentations were also done by Chief Executives of other companies like Bharat Freight Group, Just Rojgar Solutions and ZR Renewable Energy. Representatives from these organizations outlined the diverse investment avenues and opportunities awaiting NRIs within their respective sectors.
The event garnered enthusiastic participation from the Indian business community and invited guests, most keen on exploring the vast potential India offers for investment, and to be part of India’s progress.
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