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GIFT City: Investment superhighway for NRIs
Khaleej Times
|December 03, 2025
Imagine what happens when a nation that is used to potholed roads builds a superhighway for the first time. That is precisely what India has done with Gujarat International Finance Hi-tec City or GIFT City, near Ahmedabad in terms of its financial system.
The old system
Currently NRIs are forced to invest in India through a maze of accounts — Non-Resident Ordinary (NRO), Non-Resident External (NRE) and Foreign Currency Non-Resident (FCNR) each with its own set of rules. Investment in stocks had to be made via the Portfolio Investment Scheme (PIS) route or non-PIS route. NRIs also face TDS deductions on NRO interest or capital gains on their stocks and mutual funds.
What GIFT offers
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