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3 days agoIndia’s IFSC hub GIFT City faces banking and tax hurdles despite high interest
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.
neutral-cautious
3 days agoIndia’s IFSC hub GIFT City faces banking and tax hurdles despite high interest
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.
neutral-cautious
India’s IFSC hub GIFT City faces banking and tax hurdles despite high interest
3 days ago
1 min read
67 words
GIFT City draws fund-industry interest, but banking and tax issues are slowing execution of its global-fund-hub ambition.
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.
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.
Tags:
mutual_funds
India
mutual_funds
India
IFSC
fund infrastructure
regulation
Oct 28, 2025 • 13:23 IST