26-April-2024
Markets and Finance
 
Panel formed to onshore Indian innovation to GIFT IFSC
22-Mar-2023

With the ripple effects of the collapse of the Silicon Valley Bank (SVB) felt deeply by Indian startups, the International Financial Services Centres Authority (IFSCA) on Tuesday set up a committee of experts to formulate a roadmap to ‘onshore Indian Innovation’ to Ahmedabad’s GIFT IFSC. The ten-member panel, headed by former Reserve Bank executive director G Padmanabhan, would suggest measures to encourage the Indian fintech and startups domiciled abroad to relocate to GIFT IFSC.

News Source:- https://www.financialexpress.com/industry/panel-formed-to-onshore-indian-innovation-to-gift-ifsc/3018130/