Gandhinagar: In a step towards boosting ship leasing services in India, RSCPL (IFSC) Private Ltd, a 100 per cent subsidiary of RBB Ship Chartering Pte Ltd, Singapore, has been issued a provisional licence to operate from India’s first International Financial Services Centre (IFSC) in Gujarat International Finance Tec-City (GIFT City).

RSCPL (IFSC) Pvt Ltd received the maiden provisional license for the ship leasing business in February 2023 and are planning to commence commercial operations before March 2023.

Commenting on the development, Mr Tapan Ray, MD & Group CEO of GIFT City, said, “GIFT City is witnessing significant growth in various business verticals related to international financial services. Operationalization of ship leasing businesses will help in creating a conducive ecosystem for the international maritime clusters at par with other global maritime hubs. We expect ship leasing businesses will witness a similar trajectory as seen in aircraft leasing & financing vertical.”

Raajesh Bhojwani, CEO & MD, RBB Ship Chartering Pte Ltd, Singapore, said: “We are happy to have received the first ship leasing licence at GIFT City. We appreciate the efforts of officials of the Government of India, GIFT City, and IFSCA in this major milestone. The entire team of RBB Ship Chartering Pte Ltd, Singapore, is proud to be the 1st company to start ship leasing business at GIFT City, Gandhinagar, India. We are currently a profitable bootstrapped company and our vision is to be a globally-listed entity with revenue of over USD 7 Billion by 2027.” DeshGujarat