GIFT City unleashes global capital opportunities: Indian companies granted direct listing access on IFSC exchanges

Share via:

In a significant move to bolster GIFT city in Gujarat as a thriving financial hub, Finance Minister Nirmala Sitharaman announced on Friday (July 28) that Indian companies can now list directly on IFSC (International Financial Services Centre) exchanges. This decision allows companies to register on IFSC exchanges, even if they are not listed on any exchanges within the country.

Access to Global Capital and Improved Valuations for Indian Companies

During the launch of the Corporate Debt Market Development Fund (CDMDF) in Mumbai, Minister Sitharaman emphasized the benefits of this decision. She stated that it will facilitate easier access to global capital for Indian companies and lead to enhanced valuations.

Indian Financial Market Ecosystem Praised for Technological Advancements

Minister Sitharaman praised the Indian financial market ecosystem. Hailing it as one of the best globally in terms of technology and the value and volume of business transactions. She highlighted the Indian capital markets’ efficiency, including speedy settlement of trades and strong risk mitigation and governance measures.

Growth and Interest in GIFT City

In 2019, GIFT City received permission to host India’s first IFSC. The government developed it under the Special Economic Zones Act of 2005. The city includes two zones: the GIFT SEZ (non-IFSC area) and the GIFT IFSC. Global companies and funds have shown significant interest in GIFT City due to the government’s active promotion.

GIFT City IFSC’s Impact on Global Financial Landscape

GIFT IFSC’s emergence caused significant disruption in the global financial landscape. Major companies, including Google, showed interest in setting up operations in GIFT City. Countries like Singapore and Mauritius inquired about measures to retain private equity (PE) investors and prevent them from shifting to GIFT IFSC. In her 2023-24 Budget speech, Minister Sitharaman announced plans to establish data embassies in GIFT IFSC. The data embassies will offer supportive legal, regulatory, and robust digital infrastructure to countries seeking digital continuity solutions.

Also Read The Latest News:
Twitter, now X, extends “Ads Revenue Sharing” program globally
Standing Parliamentary Committee may give green signal to DPDP Bill

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Popular

More Like this

GIFT City unleashes global capital opportunities: Indian companies granted direct listing access on IFSC exchanges

In a significant move to bolster GIFT city in Gujarat as a thriving financial hub, Finance Minister Nirmala Sitharaman announced on Friday (July 28) that Indian companies can now list directly on IFSC (International Financial Services Centre) exchanges. This decision allows companies to register on IFSC exchanges, even if they are not listed on any exchanges within the country.

Access to Global Capital and Improved Valuations for Indian Companies

During the launch of the Corporate Debt Market Development Fund (CDMDF) in Mumbai, Minister Sitharaman emphasized the benefits of this decision. She stated that it will facilitate easier access to global capital for Indian companies and lead to enhanced valuations.

Indian Financial Market Ecosystem Praised for Technological Advancements

Minister Sitharaman praised the Indian financial market ecosystem. Hailing it as one of the best globally in terms of technology and the value and volume of business transactions. She highlighted the Indian capital markets’ efficiency, including speedy settlement of trades and strong risk mitigation and governance measures.

Growth and Interest in GIFT City

In 2019, GIFT City received permission to host India’s first IFSC. The government developed it under the Special Economic Zones Act of 2005. The city includes two zones: the GIFT SEZ (non-IFSC area) and the GIFT IFSC. Global companies and funds have shown significant interest in GIFT City due to the government’s active promotion.

GIFT City IFSC’s Impact on Global Financial Landscape

GIFT IFSC’s emergence caused significant disruption in the global financial landscape. Major companies, including Google, showed interest in setting up operations in GIFT City. Countries like Singapore and Mauritius inquired about measures to retain private equity (PE) investors and prevent them from shifting to GIFT IFSC. In her 2023-24 Budget speech, Minister Sitharaman announced plans to establish data embassies in GIFT IFSC. The data embassies will offer supportive legal, regulatory, and robust digital infrastructure to countries seeking digital continuity solutions.

Also Read The Latest News:
Twitter, now X, extends “Ads Revenue Sharing” program globally
Standing Parliamentary Committee may give green signal to DPDP Bill

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Website Upgradation is going on for any glitch kindly connect at office@startupnews.fyi

More like this

Apple @ Work: New FIDO specifications aim to end...

Apple @ Work is exclusively brought to you...

CareYaya is enabling affordable home care by connecting healthcare...

CareYaya, a platform that matches people who need...

How national interest startups should be thinking about government...

National interest technology can show up in a...

Popular

Upcoming Events

Startup Information that matters. Get in your inbox Daily!