Allowing alternative investment funds in GIFT City very progressive: Padmanabh Sinha, IVCA
6 Dec 2018 6:30 PM GMT
"For AIFs to take off successfully, they must be based near financial, startup and corporate ecosystems."
- The decision of the Securities and Exchange Board of India to allow alternative investment funds (AIFs) to operate from the Gift City’s International Financial Services Centre (IFSC), Gujarat’s swanky new business district, opens up an alternative destination for fund management firms operating out of Hong Kong and Singapore.
- Padmanabh Sinha, chairman of the Indian Private Equity and Venture Capital Association ( IVCA ) , in an interview to ET’s Vishal Dutta, termed Sebi’s decision as ‘very progressive’.
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