Financial Investment Association Holds Roundtable with India's GIFT City Regulatory Authority

The Korea Financial Investment Association held an IFSCA Investment Roundtable, the regulatory authority of India's International Financial Services Special Economic Zone 'GIFT City,' in Seoul on the 11th.

In 2013, the Indian government designated GIFT City as an International Financial Services Centre (IFSC). India, emerging as the 'Next China,' aims to grow into an international financial hub by attracting financial and IT companies to GIFT City.

The roundtable was attended by Kalyanaram Rajaraman, Chairman of IFSCA and the chief regulator of GIFT City; Nishikant Singh, Deputy Ambassador of the Embassy of India in Korea; and CEOs and executives from 13 member companies of the Korea Financial Investment Association. They discussed mutual investment opportunities.

Representatives from IFSCA, including Chairman Rajaraman, introduced the structure and current status of GIFT City, focusing on the capital market ecosystem and sustainable financial systems. They explained the 10-year corporate tax exemption benefits available to foreigners investing in India through GIFT City, policy support for expanding foreign investment, regulatory relaxations, and the growth vision.

Through sharing actual cases of Korean asset management firms' business in India and detailed investment procedures, the roundtable helped Korean financial investment company officials considering expanding or entering the Indian market to better understand the opportunities.

Discussions continued on the differences between traditional investment methods and new investment opportunities through GIFT City, as well as specific tax benefits for foreign investors. After the roundtable, Seo Yu-seok, Chairman of the Korea Financial Investment Association, stated, "India's rapid pace of economic reforms and significant growth potential suggest that if more information is provided about investment opportunities in India, including GIFT City, our financial investment companies' investments in India are expected to expand further."