Allowing NRIs to invest in India easily through GIFT

Industry Insights
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@nithin tweeted an interesting perspective on the potential of GIFT City to become an international financial centre.

He has also pointed out on one thing which needs attention for GIFT to become a more popular destination. Here’s the excerpt of the tweet👇

If we could find a way to allow NRIs to easily invest in India through GIFT, I think we can attract a lot of capital. Due to the cumbersome processes, many NRIs are sitting on the fence and not investing in India.

The NRI account opening process today involves attestation of documents from the embassy, opening PIS bank accounts, and tax deduction at source (TDS) is applicable after every sale transaction. If there was a way to relax some of these requirements, GIFT would be much more popular.

Would love to know your thoughts on this. :slight_smile:

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Why FII’s have 20hr trade window to adjust their positions at night based on global cues,
but resident indians have to get trapped by gap up and gap downs? why dont we get 20hr too?
dont say its to protect traders mental health, we are adults we dont need a parents in stock market.

and those who would trade for 20hr are not doing anything but watching global markets and news all the time, we cant help them. 20hr trade window will help normal traders to adjust position when there is overnight events that results in gap up/down/blackswan next day.

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Check out this thread.

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I shared this a few months ago.

https://twitter.com/Nithin0dha/status/1627611386816892928?s=20

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