MUMBAI: The Cayman Islands, one of the biggest financing hubs for investing globally, has offered to sign memorandum of understanding (MoUs) with markets regulator Sebi and also with the regulator for India’s finance hub GIFT City. The MoUs will facilitate transparent exchange of information between the regulators, André M Ebanks, Premier, the Cayman Islands, said Thursday.The objective of these meetings with regulators was to promote investments into India from the island nation through a globally-accepted transparent manner.Currently, about $15 billion worth of global funds are invested in India by foreign institutions based in the Cayman Islands. He said the country was also open to the idea of Indian companies locating their subsidiaries there to list on major global exchanges including in the US.Ebanks is leading a delegation of finance ministry officials from the British overseas territory to India. During the week, the officials attended an OECD conference in Delhi. They followed it up with meetings with the FM, Sebi in the city and IFSCA in GIFT.
