Gujarat International Finance Tech- City (GIFT City) IFSC was established as Special Economic Zone (SEZ) in 2015, in Gujarat.
- An IFSC caters to customers outside the jurisdiction of the domestic economy. Such centres deal with flows of finance, financial products and services across borders.
- Opportunities for GIFT IFSC to become Global Finance and Accounting Hub
- Strong technology-driven outsourcing capabilities.
- Large talent pool of skilled manpower in the fields of accounting, etc.
- “Accounting and finance services” recognised as one of the 12 Champion sectors in services for exports.
IFSC Authority
- IFSC Authority is a statutory body established under IFSC Act,2019.
- A unified regulator for development and regulation of financial products, financial services and financial institutions in IFSCs in India.