GIFT City’s IFSC Bags 10th Place in Global Financial Centres Index

Gujarat International Finance Tec-City (GIFT City)’s International Financial Services Centre (IFSC) has bagged the 10th spot in the latest edition of Global Financial Centres Index (GFCI), London.

GIFT IFSC is ranked tenth, ahead of Luxembourg, Seoul, Abu Dhabi, Toronto and Beijing in the list of the GFCI report, which has 15 centres that are likely to become more significant in the next few years. Including GIFT City’s IFSC, six of the top ten emerging centres are in Asia.
Important Takeaways from Above News-
  • GIFT IFSC is operational with approximately 10 leading banks, 8 insurance companies and participating brokers, and 2 International Exchanges (India INX and NSE IFSC) along with around 100 capital market players have established their base at GIFT IFSC.
Source- The Hindu Business Line

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