India represents a prime investment destination, says GII Co-CEOs
The Dubai-based Gulf Islamic Investments (GII), a leading UAE-based Shari’ah-compliant financial services group with over US$2 billion of assets under management, plans to invest another US$500 million (Rs.3,500 crores) in India in the next three years and strengthen investment ties between India and the UAE.
The group, which will be opening its first international subsidiary in Bengaluru, said its investment approach in India is sector-agnostic, and it is keen to partner with Indian start-ups and growth companies in their Middle East expansion plans.
GII is open to collaborating with Indian or global investors in future Indian investments.
“The UAE is an important partner in India’s emergence as an investment destination and in its vision of becoming an US$5 Trillion economy,” Dr. Aman Puri, Consul General of India in Dubai said in a release on 18 Oct 2021 from Dubai Expo 2020.
“We are elated to announce that GII would be opening its office in Bengaluru as Karnataka is the Partner State at India Pavilion at Expo 2020 Dubai this week and is the start-up capital of Asia with Bengaluru housing 40% of India’s unicorns.”
“India represents a prime investment destination for GII and this expansion demonstrates our commitment to future investments in the country’s burgeoning start-up and high-growth enterprise space,” Mohammed Al-Hassan and Pankaj Gupta, Founding Partners and Co-CEOs of GII said in a statement.
“Given the success of our preliminary investment rounds through the India Growth Portfolio series, valued at over Rs.1,000 crores, we look forward to expanding our footprint in India and strategically contributing towards enhancing the India-UAE investment corridor.”
In 2020, GII made its Indian investment debut with India Growth Portfolio (IGP-I) comprising significant minority stake investments in a portfolio of healthcare companies, including an award-winning chain of multi-specialty hospitals and the country’s leading in-vitro diagnostics firm.
Since its establishment in 2014, GII has successfully closed over 45 transactions with asset values ranging from US$10 million to US$500 million across real estate, private equity and venture capital investments. The Group’s clients include UHNWIs, family offices, banks, institutions, and sovereign wealth funds in the GCC and Asia. #investment #technology #exports /fiinews.com
