GIFT City: Azim Premji's family office: India's new finance hub GIFT City gives first nod to rich to invest abroad

India's new financial hub, Gujarat International Finance Tec-City (GIFT City), has granted approval to Azim Premji's family office to set up a family investment fund. The approval comes as dozens of applications for FIFs allowing families to invest across various asset classes and instruments offshore are still pending.

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