Gift City Globally, financial centres are locations with an agglomeration of participants in banking, asset management, insurance and financial markets with venues and supporting services for these activities. The world has witnessed the transformation of New York, London, Singapore, Hong Kong and Tokyo as 'Global Financial Centres'. Recently, there has been a spurt of newer financial centres in Dubai, Malaysia, Kazakhstan and few other countries.

The Government of India (‘GOI’) operationalized India’s first International Financial Services Centre (IFSC) in Gujarat at GIFT City in April 2015. With the launch of the IFSC at GIFT City, the GOI had taken the first step to bring financial services transactions which are relatable to India, back to India. Approved by Government of India as an IFSC at GIFT City, the IFSC reinforces India’s strategic position as a global hub for financial services.

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