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.
📅Published on:
21 October 2021
🔗Share:
We Value Your Comment
⭐How useful is this information?
Submitting...
03
Thanks for your rating! ✌️ We’d love to hear more - share your thoughts by leaving a comment
Defence Minister Rajnath Singh has said that strategic infrastructure such as roads, tunnels, airfields and ports will remain indispensable for national
The Centre has allocated Rs. 1,000 crore for the construction of 2,400 km of rural roads in West Bengal and approved the construction of one lakh houses under
KEC International Ltd., an RPG Group company, has secured new orders worth Rs. 1,180 crore across its Transmission & Distribution (T&D), Renewables, Civil, and
The Indore Development Authority (IDA) has shelved the proposed elevated road project from Malwa Mill to Rasoma Square via Patnipura after a detailed technical
Union Home Minister Amit Shah launched the 'Mission 70 Lakh Plantation' campaign in New Delhi and inaugurated multiple infrastructure and environmental projects
Prime Minister Narendra Modi dedicated, inaugurated and laid the foundation stone for development projects worth around Rs 1.06 lakh crore in Balotra, Rajasthan
Housing and Urban Development Corporation (HUDCO) has signed a memorandum of understanding (MoU) with the Bihar government to provide loans of up to Rs 1 lakh
The National Human Rights Commission (NHRC) has taken suo motu cognizance of the fatal collapse of an under-construction warehouse building in Kolkata, where
NBM Media
30+ years of reporting on infrastructure, construction, architecture, & real estate across print, digital, and social media.
