GIFT City's AIF Structure: A 'Phenomenal Regime' Drawing Global Capital, Declares Kedaara's Manish Kejriwal at Davos

Imagine the crisp mountain air of Davos, buzzing with ideas and discussions about the global economy. Amidst all that, a significant voice from India's financial landscape, Manish Kejriwal of Kedaara Capital, really shone a light on something truly promising back home: India's International Financial Services Centre, better known as GIFT City.

Speaking at the prestigious Davos gathering, Kejriwal didn't just offer a polite nod; he declared, quite emphatically, that the Alternative Investment Fund (AIF) structure within GIFT City has been nothing short of 'phenomenal' for Kedaara. Think about that for a moment: 'phenomenal' – it's a strong word, isn't it? It suggests a system that isn't just working, but thriving, exceeding expectations, particularly in its ability to draw in foreign capital.

This isn't just about making things easier; it's about making India a truly competitive destination for global money. Kejriwal highlighted how GIFT City offers a 'very compelling proposition' for international investors looking to park their capital in India. Essentially, it's pitching itself as a robust alternative to those traditional offshore financial hubs we've all known for ages, places like Mauritius or Singapore. It’s a bold move, and it seems to be paying off.

The grand vision, of course, is to transform GIFT City into a true global financial services hub, a gateway for investment into India. While the momentum is clearly positive, Kejriwal did, quite sensibly, touch upon a few areas that always need a watchful eye – things like ensuring tax stability and continuously enhancing the ease of doing business. These are the kinds of nuanced challenges any aspiring global hub faces, after all.

But the overwhelming sentiment from his perspective, and indeed Kedaara's practical experience, is that GIFT City's AIF structure is proving itself as a remarkably effective mechanism. It’s not just a theoretical construct; it’s a living, breathing testament to India’s efforts to streamline and globalize its financial landscape. And that, frankly, is quite exciting to witness.