FAQs - Others
The IFSCA is a unified authority for the development and regulation of financial products, financial services and financial institutions in the International Financial Services Centre (IFSC) in India. At present, the GIFT IFSC is the maiden international financial services centre in India. Prior to the establishment of IFSCA, the domestic financial regulators, namely, RBI, SEBI, PFRDA and IRDAI regulated the business in IFSC.
Gujarat International Finance Tec-City, also called GIFT City, is a central business district located in the Ahmedabad district in Gujarat, India. GIFT City is the central pillar of the tri-city approach, located on the banks of the Sabarmati river between Ahmedabad and Gandhinagar, each 30 minutes away from one other. Ahmedabad boasts glorious history, Gandhinagar is the central hub of policy and decisions, and GIFT City is the main centre of the economy. Each city provides a distinct supportive ecosystem. It also houses the International Financial Services Centres such as IBUs etc.