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below quote On Waterfield Advisors on FM's announcement today on domestic companies can now go in for direct listing on foreign exchanges and IFSC in Ahmedabad  by Nakul Beri, Senior Managing Director, Global Client Origination and Coverage, Waterfield Advisors

The timing of this move by the government is perfect, as the Indian economy is thriving and is already on the world's radar. I believe it is welcome news both for global investors, who would be keen to invest in Indian businesses, and for domestic companies, as they will now have access to greater quality of institutional capital. Not to forget, the international brand recognition they can receive. This is another step by the government to establish GIFT as a global financial hub.

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