Taipei, July 14 -- India's financial regulator of the International Financial Services Centres Authority (IFSCA) pitched for higher investment by Taiwanese financial institutions in India's Gujarat International Finance Tec-City (GIFT City).

A report by Focus Taiwan noted that Shri K. Rajaraman Chair of IFSCA visited Taiwan on Monday and emphasized the potential for mutual growth between the two economies.

Speaking at a media event in Taipei, Rajaraman, highlighted the benefits GIFT City offers as a special economic zone. Located in Gujarat, GIFT City functions under a distinct regulatory and tax regime that allows foreign and domestic financial institutions to operate in an international environment within onshore India.

GIFT City pro...