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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
Cette histoire est tirée de l'édition December 03, 2025 de Khaleej Times.
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