Finance Minister Arun Jaitley inaugurated India’s first finance SEZ: International financial Service Centre (IFSC) at the Gujarat International Financial Tec (GIFT) City, 18 kms from Ahmedabad. A rule book was also released, which contains the terms and conditions along with guidelines for every company which wishes to operate in this SEZ.
With an IFSC in India, we can now compete against global financial hubs like Dubai and Singapore to attract foreign investors who are willing to trade in foreign currencies. Earlier, there was no such option in India. Login to read more