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IBPC Kuwait’s event unlocks IFSCA investment opportunities for NRIs

The seminar focused on leveraging advantages for foreign investors and non-resident Indians, with a particular emphasis on the benefits tailored for NRIs in GIFT City.

• H. E. Dr. Adarsh Swaika, the Indian Ambassador to Kuwait, encouraged NRIs to seize this opportunity to become an integral part of India’s growth story, emphasizing the ‘One District One Product’ (ODOP) initiative.

• The Gift City provides an environment to become a global financial hub akin to Singapore and Hong Kong, making it an attractive destination for international investments.

The Indian Business and Professional Council (IBPC), under the patronage of the Embassy of India in Kuwait, organized a successful seminar, titled “Investment Opportunities for NRIs,” at Radisson Blu Hotel.

The seminar was held in collaboration with esteemed partners including the International Financial Services Centres Authority (IFSCA) – Gift City, Invest India, Aequitas, CII, and NIIF.

The event focused on leveraging advantages for foreign investors and non-resident Indians (NRIs), with a particular emphasis on the benefits tailored for NRIs in GIFT City. Mr. Kaizar T Shakir, Honorary Vice Chairman of IBPC Kuwait, warmly welcomed the audience, setting the stage for an informative and engaging session.

The event was graced by the esteemed presence of His Excellency Dr. Adarsh Swaika, the Indian Ambassador to Kuwait, who encouraged NRIs to seize this opportunity to become an integral part of India’s growth story. Dr. Swaika emphasized the Government of India’s ambitious ‘One District One Product’ (ODOP) initiative and urged attendees to explore the products showcased during the seminar.

The IBPC Executive Committee, led by Mr. Gurvinder Singh Lamba, Honorary Chairman, Mr. Soly Mathew, Honorary Secretary, Mr. Kaizar T Shakir, Honorary Vice Chairman, Mr. Suresh K P, Honorary Joint Secretary, and Mr. Sunit Arora, Honorary Treasurer, welcomed the Indian Ambassador with a flower bouquet at the event.

Mr. K. Rajaraman, Chairperson of IFSCA – Gift City, introduced the diverse investment opportunities available for NRIs at Gujarat International Finance Tec-City (Gift City). He highlighted the exceptional progress India has made in recent years, citing significant reforms such as GST and transformative changes in the banking sector that have propelled India onto a robust growth trajectory.

Mr. Rajaraman underscored that Gift City provides an environment to become a global financial hub akin to Singapore and Hong Kong, making it an attractive destination for international investments.

Mr. Pavan Shah, General Manager of IFSCA, delivered an insightful presentation on various seamless procedures, starting with simple bank deposits at Gift City. He shed light on the competitive returns offered by all banks operating within Gift City and elaborated on the various fund management services and portfolio management services (PMS) available in foreign currencies.

The seminar also included presentations from established institutions already situated at Gift City, such as HDFC Life and Aequitas. Presentations were also given by Chief Executives of other companies like Bharat Freight Group, Just Rojgar Solutions, and ZR Renewable Energy. Representatives from these organizations outlined the diverse investment avenues and opportunities awaiting NRIs within their respective sectors.

The event attracted enthusiastic participation from the Indian business community and invited guests, most of whom were eager to explore the vast investment potential that India offers and to be part of India’s progress.



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