Indian Investors Gain Access to 30 Global Markets via GIFT City Platform
Synopsis
Key Takeaways
New Delhi, March 20 (NationPress) In a groundbreaking advancement for India's financial sector, a new global investment platform has been launched at GIFT City, allowing Indian investors to effortlessly engage in international equities.
This platform, unveiled through the NSE International Exchange, enables both retail investors and non-resident Indians (NRIs) to tap into nearly 30 global markets.
This initiative is in line with Prime Minister Narendra Modi's vision to establish India as a prominent global financial center and has been spearheaded by Gujarat Chief Minister Bhupendra Patel.
V Balasubramaniam, Managing Director and CEO of NSE IX, identified this development as a significant milestone for both Gujarat and the nation.
“This platform will greatly simplify the process of overseas investing for Indian investors, which was previously complicated and often restrictive,” he remarked.
A standout feature of the platform is fractional investing, allowing users to purchase segments of high-value global stocks like Apple Inc. and Alphabet Inc..
This means investors are no longer required to buy entire shares, which can be costly, but can instead invest smaller amounts.
The platform will be accessible via a dedicated mobile application in app stores, enabling users to set up an account in just 30 to 40 seconds.
Once enrolled, investors can transfer funds to the NSE IX bank account in GIFT City, after which their purchasing power will be updated instantly, allowing them to commence investing in global stocks.
Balasubramaniam highlighted that the entire procedure will be fully regulated and transparent.
Investments will be conducted under the Liberalised Remittance Scheme framework of the Reserve Bank of India, which permits individuals to invest up to $250,000 abroad each year.
The ‘Global Access’ platform of NSE IX will serve as an infrastructure provider and aggregator, linking Indian investors with international markets.
Initially, access is available for US-listed stocks, with future plans to extend into markets in the UK, Japan, and parts of Europe.
Market analysts believe this initiative will empower investors to diversify their portfolios on a global scale—an opportunity that was previously limited and often necessitated routing investments through financial hubs like Dubai or Singapore.