Tag: gift city
Gujarat to set up Indian AI Research Organisation at GIFT City, gets Patel’s nod| Business News
AHMEDABAD: The Indian AI Research Organisation (IAIRO) will be established in Gujarat’s GIFT City through a public-private partnership among the Gujarat government, the Union government,…
To become global reinsurance hub, GIFT City must offer global regularity clarity
Mumbai: India’s ambition to position Gujarat International Finance Tec-City (GIFT City) as a global reinsurance hub is finally gathering scale, with more than 10 international…
Unwelcome GIFT: Parking wealth abroad just got tougher for Indian family offices
Mumbai: Wealthy Indian families planning to move money out of the country by floating investment funds in the GIFT City are hitting a hurdle. The…
Banks push for Yuan trade in GIFT City as India-China ties warm up
With ties between India and China easing up, the Centre and the International Financial Services Centre Authority (IFSCA) are considering a suggestion by banks to…
Exporters in Gift City can retain forex proceeds for 3 months now
Mumbai: The Reserve Bank of India on Monday notified an amendment to Foreign Exchange Management Act (FEMA) regulations, allowing exporters with foreign currency accounts in…
FM Sitharaman highlights role of GIFT City as global financial service provider
Finance Minister Nirmala Sitharaman on Monday highlighted the role of IFSC GIFT City as a global financial service provider. During the meeting with top management…