Gujarat government plans to set up an international financial services centre (IFSC) under Sections 18 and 55 of the SEZ Act on more than 268 acre land at the Gujarat International Financial Tec-City (GIFT City). The state government is awaiting the due-diligence approval of the ministries of commerce and finance for the IFSC. The IFSC would see financial transactions excl
Tag: international financial services centre
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GIFT City – India's first financial hub
GIFT City is one of the most ambitious projects ever undertaken in the Indian infrastructure space and is being designed as a hub for the global finance services industry, writes Janaki Krishnamoorthi. Gujarat International Finance Tec-City (GIFT City ), a multi-service SEZ (Special Economic Zone) with dedicated center for financial services is under development in Gujarat.