India takes on Hong Kong, Singapore for big share of rupee trade2 min read 19 Aug 2020, 10:20 AM IST
The centerpiece of Modi’s pet project, conceived when he was chief minister of Gujarat state, offers flexibility in financial transactions with lower taxes
Prime Minister Narendra Modi wants to pitch India as a new Asian destination for global fund flows rivaling the likes of Singapore and Hong Kong
India’s only international financial hub is seeking to seize a major part of the offshore rupee trading business within two years, a target that is both ambitious as well as crucial for its plan to be an alternative global financial gateway.
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