UAE's Gulf Islamic Investment plans to invest $500mln in India

UAE-based Gulf Islamic Investment also seeks to partner with Indian startups and companies

  
A man walks at the seafront as scattered clouds are seen over Mumbai's skyline, India, June 10, 2015.

A man walks at the seafront as scattered clouds are seen over Mumbai's skyline, India, June 10, 2015.

REUTERS/Danish Siddiqui

UAE - The UAE-based Gulf Islamic Investment (GII), a Shari’ah-compliant financial services company, will open an office in Bengaluru in India and plans to invest another $500 million in India over the next three years.

GII also seeks to partner with Indian startups and companies to support their Middle East expansion plans, according to a press release on Tuesday.

In 2020, GII invested in significant minority stakes across a portfolio of healthcare companies in India, including a chain of multispecialty hospitals and the in-vitro diagnostics firm.

The Founding Partners and Co-CEOs of GII, Mohammed Alhassan and Pankaj Gupta, said: "Given the success of our preliminary investment rounds through the India Growth Portfolio series, valued at over INR 1,000 Crores, we look forward to expanding our footprint in India and strategically contributing towards enhancing the India- UAE investment corridor."

Source: Mubasher

All Rights Reserved - Mubasher Info © 2005 - 2021 Provided by SyndiGate Media Inc. (Syndigate.info).

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.

More From Islamic Finance