Budget 2021: GIFT City to take off with aircraft-leasing biz ANI | Updated: Feb 11, 2021 14:47 IST
Mumbai (Maharashtra) and Ahmedabad (Gujarat) [India], February 11 (ANI/BusinessWire India): In her budget speech, the Finance Minister reiterated the Government of India s commitment to making India s first International Financial Services Centre (IFSC), located in GIFT City, a global financial hub. In the backdrop to this intent, the Government of India has taken logical steps to encourage on-shoring of financial services, through measures that will enable the platform provided by GIFT City to effectively play its role, powering the journey of evolving into a global financial hub.
The positive and impactful measures announced by the Government of India so far have effectively, taken the regional financial centre to the stage when it is all set to morph into a global fintech hub. The efforts were undertaken to scale up activities at the IFSC wit
India s GIFT IFSC Poised to Be a Global Financial Services Hub
Monday, December 28, 2020 10:00AM IST (4:30AM GMT)
Mumbai, Maharashtra, Ahmedabad, Gujarat, India: India’s first International Financial Services Centre (IFSC) at the Gujarat International Finance Tech City (GIFT City) made its global mark, being named among the ‘top emerging business hubs in the world’. The latest Global Financial Centers Index, London in September 2020 mentions the IFSC at GIFT City among 15 centers which globally, are likely to gain greater significance over the next 24 months.
There are three different structures of IFSCs: Full-service finance centre (Tokyo and New York), which largely support a large domestic economy; Offshore financial centers (Mauritius) which may not have a robust domestic economy but have international access and acceptance. The third, which India has adopted, is the hybrid structure (Singapore), wh