Paving the way for a global listing by the likes of Reliance Jio, LIC and Indian start-ups, the government is set to notify seven countries and the Gujarat International Finance-Tec (GIFT) City where these companies can go public, while easing several norms to facilitate the process. The ministry of corporate affairs (MCA) and the department of economic affairs have agreed to do away with the contentious clause of dual listing, which required a company to list in India as well as overseas. As a result, a company can directly list in one of the seven markets including the US, the UK and Japan. While the list will be expanded later, Hong Kong is notable exclusion and comes in the midst of India’s border tension with China. Several companies have opted to list in Hong Kong, which is a financial hub in the region.