GIFT City offers financial products unavailable in domestic markets, such as acquisition financing and aircraft and shipping asset financing, K Rajaraman, Chairperson of the International Financial Services Centres Authority (IFSCA), said at the IVCA Conclave 2025 on Wednesday.
Fifteen funds have relocated to GIFT IFSC from overseas locations so far. The financial centre has over 200 registered funds managed by 140 fund managers in the fund ecosystem. There are around 30 international and domestic banks operating with international banking units, and the total asset size has crossed $78 billion.
“Indian corporations no longer need to go to foreign jurisdictions for bond issuances or credit lines,” Rajaraman said.
He reaffirmed IFSCA’s commitment to investor protection and market integrity: “As a regulator, we are committed to ensuring the orderly development of markets, investor protection, and strong market integrity. Our anti-money laundering and anti-terrorism regulations are robust and aligned with the Prevention of Money Laundering Act (PMLA) of India, ensuring global compliance standards.”
Rajaraman also spoke about how a well-regulated ecosystem had been developed for global investors and Indian enterprises.
“Today, we function as a unified regulator, consolidating powers across 16 financial sector laws. Our principle-based regulations are globally aligned, ensuring simplicity and efficiency. The results over the past four years are a testament to the work done—we now have 31 regulations covering capital markets, banking, insurance, and niche financial sectors,” he said.
