ADIA, UAE's largest sovereign wealth fund, launches operations in India's GIFT City, securing regulatory approvals.

The Abu Dhabi Investment Authority (ADIA), the UAE's largest sovereign wealth fund, has launched operations in India's GIFT City, Gujarat, after securing regulatory approvals. Founded in 1976, ADIA aims for long-term value creation through strategic investments. This move highlights UAE institutional investors' interest in India's economy and reinforces GIFT City's status as a global financial hub. In 2023-24, UAE investments in India are approximately USD 3 billion.

October 07, 2024
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