GIFT IFSC: A booming hub for global fund managers

GIFT IFSC: A booming hub for global fund managers

Amid a relative slowdown in developed markets, the Indian economy is on a firm footing for establishing itself as a global growth engine, attracting investors with its promising growth story. India’s allure as an emerging market has led to a surge in foreign portfolio investments (FPI), with more than $10 billion flowing into the equity … Read more

Adani Group weighs $3 billion investment in Vietnam

Adani Group weighs $3 billion investment in Vietnam

Adani Group is exploring the possibility to invest up to $3 billion in seaport and renewable energy projects in Vietnam, the Vietnamese government said in a statement on Wednesday. The statement came after a meeting in Hanoi on the same day between Vietnamese Prime Minister Pham Minh Chinh and Karan Adani, chief executive officer of … Read more

Commerce ministry provides alternate method for transfer of space by exiting unit in SEZ

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The Commerce Ministry on Monday provided an alternate method for the transfer of space by an exiting unit in a spe cial economic zone (SEZ), a move aimed at promoting ease of doing business. According to an instruction given to all zonal development commissioners of SEZs, the ministry said it has received representations from stakeholders … Read more

Lanka’s SC moved against legislation on China-backed Colombo Port City

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Sri Lanka’s Opposition parties, civil society groups and labour unions have filed multiple petitions in the Supreme Court against a proposed controversial legislation on the China-backed USD 1.4 billion Port City in Colombo, alleging that it violated the country’s sovereignty, the Constitution and labour rights. The bill titled the Colombo Port City Economic Commission was … Read more

Manufacturing exports from SEZs down 45% on year till June: SEZ council

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NEW DELHI: The Export Promotion Council for EOUs and SEZs (EPCES) on Friday said that the manufacturing exports from Special Economic Zones (SEZs) have decreased around 45% on-year till June even as software and service exports grew 5%. Manufacturing exports from the units were Rs 41,699 crore till June compared to Rs 75,346 crore in … Read more

GIFT SEZ provides approval to 28 entities

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CHENNAI: Around 28 entities bagged approval for setting up units in the Gujarat International Finance Tec-City (GIFT City)’s SEZ virtually, as part of a new approval process was created for unit approval in special economic zone (SEZ) in time of Covid-19. GIFT city, which is located between Ahmedabad and Gandhinagar, has been touted as the … Read more