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00:00Hello, I am Rajeev and today one of our guests is joining us on the page of India Inx.
00:12Sabkar is doing the same and India Inex Global Actors is also its director, Ritesh handles both these roles very well.
00:21Is
00:29But still our common investors are worried about GIFT City and the role of India Inks in it.
00:36It is not very clear in their minds what good work is, there we have to broadly
00:41It is known that global investors are not interested in India.
00:55What has been the experience of India Inks so far and how successful has it been with the objective with which it was started?
01:02How far can we progress in that? India Inx was established in 2017 and it was an international exchange.
01:14In 2017, as far as I
01:17Remember that at that time there was only one building in the International Zone and the India Annexe which
01:23That building was the first office to go live in Give City
01:47For example, if you now go to other exchanges, then the authority exchange and BSG and the basic exchanges in India
01:57The difference is that there is no option for any non-residents.
02:16Non-residents are required to register with FPI only then they can trade on Indian exchanges.
02:24Capital tax is exempted for non-residents in GIF City, hence
02:35That is why they can upgrade their trading account even without PAN number and upgrade their trading account.
02:47You can trade them on gift exchanges.
02:53Which is the bank account of his country, to whichever country he sends money in that respective currency.
03:02You can transfer the currency, its movement is free, you can bring it anytime and take it anytime.
03:08If you are from Karansi
03:10There are no restrictions on movement except for non-residence.
03:15The government has also given benefits in transaction charges so that when in India
03:20If any person does the practice then he feels like he is busy, he feels like he is on time duty, yes he feels like he is.
03:29Exchange transaction charges but there is neither subscription nor installation duty in GIT and in today's time India
03:48For this you will see that for non-residents or non-residents, GIP City is basically a part of the Indian capital market.
03:59Easy gives access
04:01To come to India you need pads or you need a pad to do India Indian Stater ne
04:13They have a lot of use for it
04:16No PAN trading account without PAN number, capital gains are not taxable, so this is not compatible
04:26Much better option for non-resident Indians, a big convenience for you to invest in the Indian market
04:45All this works together for you, so if you look a little bit at the trading volumes
04:54Can you give an idea of which type of investors have the highest participation in India Annex as of today?
05:00So sir, whatever happened today
05:15The objective is to enable equity products as well because you will see that if there are 100 investors
05:27If the exchanges are working then there are probably five or ten people who are trading in derivatives but
05:45We can enable it on Indian Exchange, especially the product is available on Indian Exchanges, so for this we are here
05:55People are planning ATF and this ATF is created on Indian products and I hope we will do it this year.
06:03In the meantime, Indian Focus will be able to launch its ATF on Indian Exchange, thereby providing easy access to the Indian capital market.
06:13We can give good gipsy to non resident only exclusively it is not that Indian capital mar
06:38A 100% subsidiary of the Indian Excess Chainge was created and initially
06:58That in two to four years, this India Nex broker, which brokers do Basket
07:13So we started taking retail individual clients on board as well, so today Indian
07:25More than 200 brokers have typed with this global axis
07:38So if I explain this in a simple way, today if Rajiv Ranjan Jako India Ins Global Axis
07:46How to invest money in international equity markets through
07:50So what do I have to do and what are the avenues where I can invest and which ones?
07:56There are things that are still off the track.
08:00So in today's time, if any investor wants to buy, sell or invest something on the global exchange,
08:12If you want to do this, the easiest way is to approach your existing brokers.
08:19So I said, give it to me
08:29So if you have an account with any Indian broker, you can approach him.
08:39You can open an agent for global market and also have client links on many brokers' websites.
08:48are available like
08:52If you have an account with Anandati, then on the Anandati website, when you click on Global Investing and
08:57We will initiate the account there, account opening has to be done from here again because we have a different jurisdiction.
09:17There is also a unified regulator for banking in GIFT City, which is RV I.F.C.
09:26So if everyone's PPF IDEA of RV holds power then this is an Agnihotri
09:32The way to provide convenience is the company which
09:47And you will get a unified link through which you can upgrade your account and after upgrading your account, you can go to India Nex
09:53You can download the mobile app from Play Store or online and then buy on foreign exchanges.
10:03can beg
10:17Similarly, if I am a big question in the minds of investors, are we among the lions of these markets?
10:29Will we be able to invest directly or trade in their indices? What are the things available?
10:36So we allow all those products which Reserve Bank of India permits to resident Indians.
10:44A person sells money to the country, so he basically wants money from the bank because of the
10:55The account is in Rupee and
10:58If the account of the foreign broker is in dollars or foreign currency, then when the investor sends his money to the country
11:06Sometimes the bank converts it from Rupee to Dollar even in India Global Access account.
11:13when the money
11:13When it comes, you will remit it to the bank where you have your account and that money will be deposited in your India Nexus G account.
11:23I will come in dollars, okay, so as of today, whatever product is permitted in Alras, whether
11:31That Ecuti Ho Bond
11:33Be it mutual funds or ATF, we offer all the products and the client can choose the product he wants.
11:41I can buy and sell it, so if your choice is that I want to buy Nasdaq 100 ATF from Nasdaq
11:49Yes you can take it
11:50Yes, your choice is whether I want to buy shares of Apple or Microsoft or Nvidia. Yes, you can.
11:58Global stocks are available through this platform Global ATF is available, a product which is marketed today
12:08Indian
12:13For investors, we want to enable products when Indian clients go to buy or sell in foreign markets.
12:23If you are a foreign national, then there are tax implications of that country. In some countries, these may be taxed if you
12:35There
12:36You have created a portfolio of Rs 1 crore but when it comes to transferring that portfolio to your legal aid
12:44So maybe there is a 40% tax there. There are different taxes in different countries, so the one which is more tax efficient
12:50The product is
12:51They are called Usets. Usets are typically made in Europe, or Ireland. The world knows about Usets.
13:02The management team has set up an office in Lagjumbhang from where they can sell their original ATM cards.
13:22If you can subscribe, we are working on it and probably by August we will have it on our platform.
13:31Usit products will be billed which are high tax efficiencies products for resident Indians Ajay Ratansh you have two
13:45Khint he is living in two kurfs do your platform to invest which
13:54Garelon investors are investors here, how can they invest in foreign markets?
13:57You can take it, but when it started and especially when India started, then there is a big objective.
14:06This was that there were exchanges of other countries on which we were heavily dependent, like we were
14:15Always talking about Singapore
14:27How much success has been achieved so far and the institutional activities that are being carried out by India Institute in Gift City
14:34So you talked about Singapore Nifty, then that Alidi has become Gift Nifty and that Alidi is its
14:47underlying link
14:56If you also want to move then yes Isivic and Exkrang then Ghayara so Udreintst in this isati and anticipation fun old ass
15:19Intv
15:28You recently put forward another important thing, that was the Sensex USD, i.e. the Sensex index in dollars.
15:37So how much progress has been made there so far and how much volume is this matter seeing being made?
15:44In this, as in BAC
15:48That our Sensex is traded in Rupees and its expiry is last week or even that month.
15:55Depending on your Pontrex unit, you have launched it with yours but the difference is that India has traded in Pencex dollar.
16:14If this is happening and there is a lot of 20 then a contract of Rs 16 is made on which 12
16:18If the goods are sold around 50% then if the investor has two rupees in his account then he can earn one
16:23You can buy Sensex futures in dollars at Give City.
16:28If there is 1 clot, then if a contract of eighty thousand dollars is made then approximately 75 rupees
16:39And a counter number of four hundred dollars comes which makes it easier
16:54You will notice that the volumes built up are liquid and trading is available here for 22 hours.
17:03India Annex opens at 4:30 am and closes at 8:20 am the next day. So if
17:09twelve at night
17:22Sensex futures are around million dollars. If you look at it, some months the setting will fluctuate slightly above or below fifty.
17:29Like that, that exchange number is around five million dollars and back then it's going to be traded in dollars.
17:37Sensex Futures
17:52Lawful claims that the two million are neither derivatives nor does the RBI permit them to be leveraged.
17:59hain to ko jhaki these two things permit nahi thene
18:03So you cannot reside in Give City, you can open an account on Indianex but in today's date you can open derivatives.
18:09If it is there then you will not be able to do anything, then the derivative product is for Sensex in today's date or gift base
18:16For entities
18:17So the participation in this is mainly from gift based entities which are brokers and NRIs and FPIs.
18:24Clients have participation in Sensex as of today. We are also working on products for resident Indians.
18:29So we are doing
18:31We are planning to list foreign ETFs on Indianex and in 2026 we will definitely list some
18:38A wide range of ETFs will be available so that domestic investors also do not have to go to foreign exchanges.
18:45They also had to
18:48They should have an option to buy ETFs on Indian exchanges within the Indian tax regulatory framework and
18:56Get beige and make your own
18:58You can keep it in your teammate account because when you go abroad and trade or sell through any broker
19:04So what are those shells?
19:21And if we enable it on Teen Y Internet then domestic investment will be done only on India Inex which is a part of Gipsy
19:29Change is foreign security tees, you can buy foreign assets abroad and keep them in your own teammate account
19:48So it is an equal partner in scholarship, apart from this, India NX also has scholarship in it.
19:57Yes, Nasi X also holds ownership, so there is only one depository in Gipsy City which is owned by five different
20:17mother
20:17Clients will be able to buy their resident Indian currency securities on the Indian exchange only within the Indian tax framework and their
20:26You will be able to keep this in your own demat account, this is going to be a UID USP.
20:30The unique benefit of this product is that the client does not own the shares.
20:35He keeps it in his own name and no one else makes any changes to his business.
20:40Another little practical aspect I would like to understand from you Ritesh is that when I park some money near my blocker
20:48I deposit it and I will use it for margin and investment, so what is a
20:53In the same pool that
20:55There is a domestic stock market, which will be used for the work I am doing there and India in this global
21:01Will it be used for access or will we have to keep both the pools separate, so something like I told you friends
21:09We are a broker with more than
21:24Mobile is different but some brokers have integrated these into a GA Turu app so like Sam
21:29If you go to that then you will get the same in which you can get information or rely on the same.
21:38You will get Global Security on the mobile app.
21:54The money that is transferred from India to Rupee through Dollar is transferred from India to these two different countries.
22:03Wallet is a dollar wallet, the number is called peak
22:21If this is not possible, the investor will send his one rupee to Samco which will sell it to Clishim.
22:31Ok, in that my 1.001 rupees is equal to the dollar, don't give it at a low price.
22:39Can I send resident Indian to Sam Ko Fasi or Indian to a GA in 1 Rupee to Dollar
22:44And when he withdraws, the amount will come directly to his bank account and those amounts will not touch the broker's pool.
22:53will
22:55So today Enrise is investing more in our market from outside because of your platform.
23:03Through domestic investors, since the international markets are moving very fast, we can see from here
23:11that their attraction is foreign
23:20And I will tell you that what should I look at, that till now it is equal because we have said that India is in the news.
23:28But you understand that the internal structure is derivative but it is called play measurement.
23:45Feeder mutual funds sell to non-residents, so today asset management companies are far away from foreign investors.
23:55are taking exposure and when the ETF of these asset management companies gets listed on Indian Exchange then the official ETF
24:00away from
24:01will also be able to get exposure and resident Indians are getting exposure, so both are going on equally.
24:13Now I haven't seen the exact numbers so I can compare them and tell you which one is better.
24:19Meaning the direct action
24:29Do you see it? Yes, when I came to GIF City in 2022, we
24:42We proposed this global access when we started offering US stocks to Indian clients in 2022.
24:49I thought why not like Stocks Globe
24:57Chasare Fan who gives Fati Reset Panna to get free and exchange of Indian stocks on India and Interest
25:03If we enable India Dendiy Jox then we will be able to reach more people today's Dosdhi Date
25:11If I were
25:22Subscribe Subscribe Subscribe
25:29Because Sarh means more capital means more
25:38So the primary objective of the agent exchange is to generate capital and provide it to the company.
25:46Be able to raise your money and grow your business here
26:04So that was one of the advice, so in 2022 we proposed deposit receipts but that proposal was not approved and
26:14Its approval came in another way that Indian companies can now list in Gipsity.
26:25Guidelines have been issued by the government and circulars have been issued by the Ministry of Finance, so today's date
26:33Any Indian company which is unlisted, why am I saying unlisted?
26:37Because the one who is listed can list only with the permission of the server and the server
26:42If the final decision is still pending, then when the next round of SEBI comes, then India's list will be released.
26:47India will be able to do its secondary listing on the Annex but if an unlisted Indian company as of today has to buy a foreign company
26:57From the investor
27:00If you want to make money then you can come to GIF SEDI and bring IPOW and its listing can be done on India Annex but mainly
27:12Jidni Bhartiye
27:13The company is waiting for clarity in the regulatory guidelines as to whether it is applicable as of today.
27:23He brought the I-pay to GIFT City at India Annex so that he could earn money from foreign clients.
27:27but are finding that
27:42The company will not be able to delist itself right now as the listing will come from the re-listing scheme and it should be listed on India Annex.
27:56There will be a possibility of listing and the company which wants to do IPO in Deh City will get Videsh Paisa Re
28:12But the main issue is that if guidelines are prepared for the same then the path will be clear.
28:15will go on one in this case Mavadia is the ningest and we are planning that on this one
28:32If it is launched on this 26th itself, I have full hope.
28:36That we will be able to overcome all those hurdles and we will be the first ATF Dojat Chabvis in India
28:42You will be able to list on ATF and when the first one is done then the second and third one will not take much time, so we
28:49Will Beat Wide Range of Ovulation Sprayers
28:52And wide range and basket and portfolio and basket of stocks through ATF to the non-resident lending ji absolutely
29:01You can make GIFT City a financial hub for the entire world, the best one in India.
29:10Finance
29:14Now you are working towards making Gift City, many many thanks to you, may your work be very good.
29:19Tank You Jab
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