Ahmedabad, March 20: Indian investors now have easier access to major global stock markets. In line with Prime Minister Narendra Modi’s vision, the Gujarat International Finance Tec-City (GIFT City) has launched a new global investment platform through the NSE International Exchange, under the leadership of Chief Minister Bhupendra Patel.
V. Balasubramanyam, Managing Director and CEO of NSE IX, stated that this initiative marks a significant achievement for both the state and the nation. Through this platform, Indian retail investors and NRIs can invest in equities across approximately 30 global markets. This move is seen as a major step in connecting India to international financial markets.
He further explained that the introduction of ‘fractional investing’ allows investors to purchase small portions of expensive shares from major companies like Google or Apple.
Investors will have access to a mobile app, available for download from the App Store or Play Store. They can open an account in just 30 to 40 seconds. After that, they will need to transfer funds to the bank account of the NSE International Exchange located in GIFT City. Their ‘buying power’ will then be displayed on their screens, enabling them to start investing in international stocks.
Balasubramanyam clarified that the entire process will be fully regulated and transparent. Investments will be made under the Reserve Bank of India’s Liberalized Remittance Scheme (LRS), allowing investors to invest up to $250,000 annually abroad. This will provide Indian investors with the opportunity for global diversification in their portfolios, which was previously limited.
He mentioned that the NSE International Exchange’s ‘Global Access’ platform will serve as an infrastructure and aggregator, connecting investors to foreign markets.
Previously, Indian investors had to look to countries like Dubai, Singapore, and Mauritius for global investment opportunities. Now, these services are available at GIFT City. Currently, access to US-listed stocks has been initiated, with plans to include UK, Japan, and some European markets soon.
Additionally, investment advisor Sony noted that fractionalized investment means you don’t need to spend $250 to buy a whole share of Apple; you can invest small amounts like $5 or $10 within the limits set by LRS or RBI.
Thus, the NSE IX initiative launched by the Gujarat government through GIFT City is not only simplifying access to the global investment market for Indian investors but also playing a crucial role in establishing India as a strong international financial hub.
My name is Ganpat Singh Choughan. I am an experienced content writer with 7 years of expertise in the field. Currently, I contribute to Daily Kiran, creating engaging and informative content across a variety of categories including technology, health, travel, education, and automobiles. My goal is to deliver accurate, insightful, and captivating information through my words to help readers stay informed and empowered.
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