Fund-houses express strong interest in India’s International Financial Services Centre (IFSC) at GIFT City for cross-border funds and global-access investment products, but note operational drag-points including banking infrastructure gaps and tax-clarity issues. While minimum investment sizes have been slashed for retail schemes, real-world onboarding and LRS (Liberalised Remittance Scheme) road-blocks remain. Industry insiders say until backend execution improves, the GIFT City vision may lag behind investor expectations.