recently went on a trip to Dubai to meet a few potential investors for our fund.
But hey wait, our fund is not in DIFC, Dubai. It not in Singapore, Caymans, Luxembourg or Mauritius. Its in our very own GIFT City!
People in the financial markets who are fund managers, the next step for them to grow was to go to Dubai and set up a fund in DIFC to attract foreign capital.
Govt. of India told people like us why do you want to go to Dubai when we can give you whatever you want in India itself. This laid down the foundation of our very own offshore city called GIFT city in Gandhinagar, Gujarat. GIFT city (although in India) is technically not in India for all operational purposes. All transactions happen in dollars. It is as good as or even better than having office in Dubai, Mauritius, Cayman Islands etc. This enables you to access global investors who want to participate in India. And all this at a lower cost and much much better and robust regulation. Its a matter of time that this becomes big!
Humbled that we have received this license and have investments from foreign clients who want to participate in India. I humbly invite you to visit www.sattvicwealth.com. Thank you, GIFT.
