India’s New Finance Hub Gives First Nod to Rich to Invest Abroad
- Billionaire Premji to open family investment fund in GIFT City
- GIFT City aims to be “first port-of-call” for wealth investing
Gujarat International Finance Tec-city (GIFT).
Photographer: Sam Panthaky/AFP/Getty Images
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India’s new financial hub granted its first approval to billionaire Azim Premji’s family office to invest its capital overseas, raising hope for the nation’s wealthy as they wait for clarifications from regulators to make similar moves.