DBS Bank s IFSC banking unit in Gujarat International Finance Tec-City (GIFT City) said in a statement that it led the syndicated loan. The funds will be used for growing the retail education loan franchise, it said.
Further policy reforms will enable Indian businesses located overseas to relocate to GIFT City, says K. Rajaraman, Chairperson of regulator IFSCA - Issue Date: Feb 04, 2024
As the government nears the end of its second term, one of the biggest moves it is currently engaged in believed to be a pet project of Prime Minister Modi is to bring global finance into India in a major way in the form of the Gujarat International Finance Tec-City, or GIFT City, the international financial services centre (IFSC) near Ahmedabad. In this fascinating cover story, read how the GIFT City is on its way to becoming a serious player on the lines of Singapore and Dubai and turning into a reinsurance, aircraft- and ship-leasing hub. Plus, read more on the upcoming Interim Budget and what is in store for the country as the Narendra Modi-government closes its second term and India goes into election mode. All this and more in the present issue of BT. Grab your copy today
The buzz around GIFT City was in ample evidence at the recent Vibrant Gujarat Global Summit, where the PM and Finance Minister Nirmala Sitharaman underscored the seriousness of the government’s intent to ensure the IFSC becomes a major player in the frenetic world of global finance. - Issue Date: Feb 04, 2024
In the making for over a decade, India’s only international financial centre, GIFT City, now seems to be taking shape with focussed policies and regulatory clarity. There’s growing interest from investors and more confidence on the ground but a few more policy tweaks may be needed