Articles tagged under: GIFT

GIFT City allots 10 lakh sq ft to Savvy Infrastructure for development

January 05, 2021

Gandhinagar: GIFT City – India’s first operational smart city and International Financial Services Centre (IFSC), has allotted 10 lakh Sq. ft build up area (BUA) to Savvy Infrastructure Pvt. Ltd. for development of commercial, residential and social buildings in GIFT SEZ area. Savvy will develop around 5 projects and invest about Rs. 700 crores in this development. This will be in addition to the existing 23 storied commercial tower which consists of offices & Free Trade Warehousing Zone (FT...Read More

GIFT City Gujarat based INX signs MoU with Luxembourg Stock Exchange

November 19, 2020

Gandhinagar: BSE’s international arm, GIFT City Gujarat based India International Exchange (India INX), has today announced its memorandum of understanding with Luxembourg Stock Exchange for development and promotion of ESG and green finance in the local market. In 2019, India INX unveiled its Green listing and trading platform. GSM Green serves as platform for fund raising and trading green, social and sustainable bonds exclusively. The platform of India INX is established as per ICMA’...Read More

GIFT City featured as background screen by PM Modi in India – Luxembourg virtual summit

November 19, 2020

Gandhinagar: The Prime Minister of India, Narendra Modi, and the Prime Minister of the Grand Duchy of Luxembourg, Xavier Bettel, today held the first-ever India-Luxembourg Virtual Summit. In Gujarat perspective, the background picture behind Prime Minister Modi was interesting and eye catching, as it was featuring Gandhinagar based GIFT (Gujarat International Finance Tec) City. GIFT City was chosen to be featured in the background in connection with one of three Memorandums of Understandin...Read More

Citi to set up IFSC Banking Unit at GIFT City Gujarat

September 14, 2020

Gandhinagar: U.S.-headquartered Citibank N.A (Citi) has recently received in- principle approval from Reserve Bank of India (RBI) and GIFT SEZ Authority to set up an IFSC Banking Unit (IBU) at GIFT City. The proposed commencement of the IBU by Citi, marks a significant development in India’s IFSC business and proves GIFT City’s mettle as a globally competitive international financial services centre at par with other established global financial centres across the world. This also marks a ma...Read More

HSBC to set up IFSC Banking Unit at GIFT City Gujarat

July 13, 2020

Gandhinagar: The Hongkong and Shanghai Banking Corporation Limited (HSBC), one of the world’s largest financial services organizations has got in-principle approval from the GIFT SEZ Authority to set up an IFSC Banking Unit (IBU) at GIFT City, subject to other Regulatory approvals. The proposed commencement of the IBU by HSBC, marks a significant development in India’s IFSC business and proves GIFT’s mettle as a globally competitive international financial centre that is at par with other ...Read More

India’s IFSC Authority to be headquartered in Gandhinagar

April 28, 2020

Gandhinagar: Government of India through a gazette notification announced that the International Financial Services Centres Authority will be headquartered in Gandhinagar, Gujarat. Please find attached the gazette notification (pdf) for your reference. Also appended below is quote of Tapan Ray, MD & Group CEO, GIFT City welcoming this development. "We welcome Government of India's decision to set up the IFSC Authority headquarters at Gandhinagar Gujarat. This will provide a single windo...Read More

Steering committee of World Gold Council holds meeting at GIFT City Gujarat

March 06, 2020

Gandhinagar: Post the announcement in the Union Budget 2020-21 for setting up of International Bullion Exchange in GIFT IFSC, the steering committee of World Gold Council held their meeting today at Gujarat International Fin-Tec City (GIFT City). Among other things, one of the key points in the agenda was to discuss about developing a comprehensive plan for International Bullion Exchange. In addition, the committee discussed various aspects of instituting an ecosystem for an organized an...Read More

‘IGLUS Centre of Excellence (ICE)- A Smart City Lab’ inaugurated at GIFT City

January 27, 2020

Gandhinagar: IGLUS Centre of Excellence (ICE) – A Smart City Lab was inaugurated at GIFT City today. The centre, which has been instated by GIFTCL in association with École Polytechnique Fédérale de Lausanne (EPFL) and Nirma University, will act as a platform for exchange of knowledge and global best practices about smart city initiatives around the world, said a statement. As GIFT City is India’s first operational Smart city, ICE will also act as a common hub for global experts and prac...Read More

CDSL inaugurates India’s first IFSC branch at GIFT City Gujarat

January 06, 2020

GIFT City, Gandhinagar:Central Depository Services (India) Limited (CDSL), the first listed depository in India, inaugurated its first IFSC Branch today at the GIFT City, Gandhinagar in Gujarat. CDSL’s IFSC branch intends to contribute to the growth of the financial markets with the introduction of delivery-based trading to the existing suite of the products traded on the exchanges at the IFSC Center. The ceremony was hosted by CDSL Chairman, Shri B. V. Chaubal, Public Interest Director,...Read More

CDSL receives SEBI approval to open IFSC Branch at GIFT City, Gujarat

December 24, 2019

Gandhinagar: Central Depository Services (India) Limited [CDSL], received the approval from SEBI for setting up its branch at the IFSC Center at GIFT City as per the prescribed regulatory framework. CDSL will be the first depository to launch its branch operations from the precincts of the IFSC in the GIFT city. Commenting on the above, Mr. Nehal Vora, MD & CEO of CDSL stated: “Adding to the list of many firsts, CDSL besides being the first listed depository in India would also be the firs...Read More