GII commits ₹3,500-cr investment in Bengaluru

Gulf Islamic Investment (GII), a leading UAE-based Sharia-compliant financial services firm, has committed to invest ₹3,500 crore in India and will open its office in Bengaluru. The Karnataka government informed that the company expressed its interest in this investment to the state industry minister, Murugesh Nirani. GII has assets worth $2 billion under its management and its decision to foray into Karnataka will further strengthen investment ties between India and the UAE. The State is an ideal place to make investments as it ensures ease of doing business and an investor-friendly atmosphere. GII's presence in Bengaluru will pave the way for more investments, trade and open up huge job generation avenues. The company is also planning collaborations with Indian startups to boost their Middle-East expansion plans. India represents a prime investment destination for GII and this expansion demonstrates a commitment to future investments in the country's burgeoning start-up and high-growth enterprise space.