Sign inSubscribe

Search Site

VideosInforgraphics
Sign inSubscribe
Trends banner

Business

Nestle to cut 16,000 jobs

The company's shares shoot up 8%.

Multiply Group buys stake in ISEM

Multiply Group will hold 60.8% of ISEM.

Bosch to cut 13,000 jobs

This is a blow to Germany's ailing car sector.

Aldar ups stake in Aldar Estates

Acquires Modon Holding’s 17.45% stake

Oracle shares up 35%

Huge AI contracts lead to the surge.

Gulf Islamic Investment of UAE to invest $500m in India

"we look forward to expanding our footprint in India and strategically contributing towards enhancing the India-UAE investment corridor."
By TRENDS Desk
October 19, 2021 7:12 pm
  • The shariah-compliant firm said its current investment plan is sector-agnostic and is now keen to partner with Indian start-ups and growth companies
  • This follows its Indian investment debut in 2020 with India Growth Portfolio (IGP-I)

Gulf Islamic Investment of UAE will invest $500 million in India over the next three years as it takes steps to set up an office in Bangalore.

This follows its Indian investment debut in 2020 with India Growth Portfolio (IGP-I), which took stakes in a portfolio of healthcare companies.

The shariah-compliant firm said its current investment plan is sector-agnostic and is now keen to partner with Indian start-ups and growth companies in their Middle East expansion plans.

Mohammed Alhassan and Pankaj Gupta, founding partners and joint chief executives said in a statement on Tuesday India represented a prime investment destination for GII.

“Given the success of our preliminary investment rounds through the India Growth Portfolio series, valued at over INR 1,000 crore ($133 million), we look forward to expanding our footprint in India and strategically contributing towards enhancing the India-UAE investment corridor.”

 

[adinserter block="5"]

Most Read

UAE’s working mothers get extended maternity leave

The Gulf country is setting a new benchmark for supporting working mothers by doubling the mandated maternity leave to 120 days, Kathryn Martin VFS Global tell TRENDS.

Getting vaccinated is ‘the most patriotic thing’ to do

The Fourth of July is a sacred day in our country. A day of history, of hope, remembrance and resolve with promise and possibilities. Before me stands monuments of the…

Saudi Arabia to generate $150 billion in investments from its new transport policy

The government would provide thirty-five percent of the investments The rest of it, sixty-five percent, will come from the private sector Saudi Arabia expects to generate $150 billion from investments…

GCC healthcare: Transforming the region and impacting the world

PwC forecasts that AI could contribute US$320 billion to Middle Eastern economies by 2030, with healthcare predicted to see some of the largest gains relative to its current size

New-Age Growth Comes Home to the GCC

The region, fueled by ambition and massive investment, is rapidly advancing in technology and infrastructure, aiming to secure a leading role in the 4IR.

[adinserter block="4"]