ABU DHABI: The establishment of a subsidiary by the Abu Dhabi Investment Authority (ADIA) at the Gujarat International Finance Tec-City (Gift City) marks a significant development in the landscape of international financial services in India.
The expansion, sanctioned by the International Financial Services Centre Authority (IFSCA), underscores ADIA’s strategic commitment to capitalising on India’s rapid economic growth.
Sheikh Hamed bin Zayed Al Nahyan, the Managing Director of ADIA, articulated the organisation’s longstanding focus on India, which is recognised as one of the world’s fastest-growing economies. His remarks emphasise ADIA’s extensive investment portfolio in the country, which encompasses a diverse range of asset classes. The diversification reflects a calculated approach to mitigating risk while leveraging growth potential.
Strong regulatory framework
The operationalisation of the subsidiary at Gift City is a testament to the dynamic financial services ecosystem being cultivated in the region, enhanced by a strong regulatory framework. ADIA’s decision to undertake a phased transfer of existing Indian investments to this new entity not only signifies confidence in the regulatory environment but also accentuates the value of Gift City as a global financial hub.
Moreover, the strategic positioning of ADIA’s subsidiary within Gift City is indicative of the profound opportunities that lie within India’s evolving market. With substantial investments in public and private equity, as well as infrastructure, ADIA’s presence in this financial centre is poised to catalyse further growth and attract additional international investments.
