GIFT Metropolis gives monetary merchandise unavailable in home markets, equivalent to acquisition financing and plane and transport asset financing, Okay Rajaraman, Chairperson of the Worldwide Monetary Providers Centres Authority (IFSCA), stated on the IVCA Conclave 2025 on Wednesday.
Fifteen funds have relocated to GIFT IFSC from abroad places thus far. The monetary centre has over 200 registered funds managed by 140 fund managers within the fund ecosystem. There are round 30 worldwide and home banks working with worldwide banking items, and the entire asset dimension has crossed $78 billion.
“Indian firms now not must go to international jurisdictions for bond issuances or credit score traces,” Rajaraman stated.
He reaffirmed IFSCA’s dedication to investor safety and market integrity: “As a regulator, we’re dedicated to making sure the orderly growth of markets, investor safety, and powerful market integrity. Our anti-money laundering and anti-terrorism rules are sturdy and aligned with the Prevention of Cash Laundering Act (PMLA) of India, making certain international compliance requirements.”
Rajaraman additionally spoke about how a well-regulated ecosystem had been developed for international buyers and Indian enterprises.
“Immediately, we operate as a unified regulator, consolidating powers throughout 16 monetary sector legal guidelines. Our principle-based rules are globally aligned, making certain simplicity and effectivity. The outcomes over the previous 4 years are a testomony to the work finished—we now have 31 rules overlaying capital markets, banking, insurance coverage, and area of interest monetary sectors,” he stated.
