Basiz Fund Services extends its wings to North East India; Signature of a memorandum of understanding with the government of Tripura

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– Basiz Fund Services extends its efforts to the state of Tripura and invests in the ITeS sector –

Mumbai, India, Dec. 27 2021 / PRNewswire / – Basiz Fund Services, india the only global fund administrator has embarked on a new adventure by signing a memorandum of understanding with the government of Tripura in the presence of Shri. Manoj Kanti Deb, Minister of Industry, Government of Tripura; and Shri Dr. PK Goyal, Principal Secretary for Industry, Government of Tripura.

The very first two-day investment summit, “Destination Tripura”, organized by the Ministry of Industry and Trade, the Government of Tripura with the active support of the Indian Chamber of Commerce (ICC) and Invest India generated immense enthusiasm among the investment community and received a business investment of Rs. 2,564 crore from different private partners.

Basiz Fund Services participated in the Summit in the ITeS category. Memorandum of Understanding aims to create state-of-the-art information technologyS center with world class facilities in Tripura. This investment will generate significant employment opportunities in the state, with one direct job per 100 people.

“Tripura creates opportunities for growth and we are privileged to sign this MoU with the government of Tripura,” said Mr. Aditya Sesh, Founder and Managing Director of Basiz Fund Service Private Limited, of this development. “The MoU represents a long-term partnership between the government of Tripura and Basiz Fund Services, with the common goal of improving the state’s ITeS sector. I am sure that with initiatives like these, the Northeast State will become a bridge between South East Asia including Bangladesh, which will offer immense potential for the whole country. “

Given the obvious social and economic benefits that the investments offer, the Tripura government is committed to helping simplify regulatory processes and approvals for the project to improve the overall ease of doing business. With initiatives like these, the summit has attracted investment into the state, enabling the creation of units while using locally available resources, adding value and expanding employment opportunities in the state. .

Earlier this year, the company also received approval from the International Financial Services Centers Authority (IFSCA) Nod to open a branch in GIFT City. The authorization allowed Basiz Fund Services to offer a full range of professional services to the alternative investment fund industry in funds domiciled in GIFT IFSC and elsewhere.

About Basiz Fund Services:

Basiz Fund Service Private Limited (www.basizfa.com) has been in business for 15 years with clients and a workforce spread across Singapore, India (Bombay, Chennai, GIFT City – Gandhinagar), Bahrain and United States (New Jersey). CALIFORNIA. Aditya Sesh is a Chartered Accountant by training and a member of the Institute of Chartered Accountants of India. He is the Founder and Managing Director of Basiz Fund Service Private Limited and has been closely associated with the financial services industry including the international fund accounting and administration industry for the past 25 years.

Basiz, which is an Ops Global Singapore company, is the first fund administrator to be licensed to operate in the city of Gujarat International Fin-Tec (GIFT), india first offshore financial destination. The company has a current AUA of approximately $ 4 billion which is rapidly evolving towards $ 5 billion brand with one more story $ 18 billion, spread over different asset classes.

SOURCE Basiz Fund Services


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