According to a press release by the Ministry of Finance, this initiative, announced by Union Minister for Finance and Corporate Affairs Nirmala Sitharaman on July 28 last year, is set to redefine the Indian capital market landscape.
India aims to reduce its offshore dependence on aircraft leasing and financing and the International Financial Services Centres Authority (IFSCA) in Gujarat's GIFT City will help in realizing it, said Prime Minister Narendra Modi.
The delegation comprising 35 Fortune American companies explored investment opportunities in the Gujarat International Finance Tec-City (GIFT) and International Financial Services Centre (GIFT IFSC).
Sitharaman said, "Currently in the IFSC we have three exchanges, 25 banks, 26 aircraft lesser. Aircraft companies must have there office in GIFT CITy. 86 fund managers, 8 ship leasing companies have offices in GIFT CITY. 50 professional firms advisors are in GIFT CITY. 580 entities are in
Gandhinagar (Gujarat) [India], January 4: ModAir Aviation is proud to announce the induction of the fifth aircraft under its wings. This inducted airplane is Tecnam P-Mentor, a flight training, two-seater aircraft that touchdown at Ahmedabad. The import of this aircraft is facilitated under
The Intelligence Fusion and Strategic Operations (IFSO) unit of the Delhi Police Special Cell is questioning the Taiwanese national who was caught by the CISF with over 60 SIM cards at Delhi's Indira Gandhi International Airport on December 18, officials said on Monday.
"ED initiated an investigation in 2019 on the basis of various FIRs and complaints registered by UP Police against Ajit Kumar Gupta and various other persons/entities, for committing cheating and fraud worth Rs 110 crore with the public by luring them to invest in various fraudulent schemes
The State Bank of India (SBI) will on Thursday sign a Euro 70 million Line of Credit with KfW (German Development Bank) for supporting solar photovoltaic projects in India.
The event, hosted by the International Financial Services Centres Authority (IFSCA) and Gujarat International Finance Tec-City (GIFT City), will focus on the theme 'GIFT-IFSC: Nerve Centre for New Age Global Financial Services.'
Robert Shetkintong, a 2001-batch IFS officer, has been appointed the next High Commissioner of India to the Republic of Mozambique, the Ministry of External Affairs (MEA) said.
Rajesh Uike, an IFS officer from the 2006 batch, has been appointed as the new Indian envoy to the Republic of Tajikistan, the Ministry of External Affairs informed on Tuesday.