5 min read.Updated: 06 Dec 2021, 03:16 PM ISTVikas Vasal
It is a matter of time, with the right policy support, when Indian IFSC will be a prominent financial hub for global transactions
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International Financial Services Centre (IFSC) is an initiative by the government of India (GoI) intended to encourage foreign capital to participate in India’s growth journey. This would allow financial institutions/fund managers to compete in the international market through a globally competitive platform offering varied financial products and services. Accordingly, Gujarat International Finance Tec-City (GIFT City), the first IFSC was set up in Gujarat in 2015.