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The BSE today organized a conference at its International Convention Hall in Mumbai on emerging opportunities for various financial markets participants at the GIFT International Financial Services Centre (IFSC) in Gandhinagar in Gujarat.

Shri K Rajaraman (IAS), Chairperson of the International Financial Services Centre Authority (IFSCA) said that Gift City is offering a competitive tax efficient capital raising jurisdiction that can compete with Singapore and Hong Kong.  Shri Pradeep Ramakrishnan, Executive Director at IFSCA, explained  the steps taken by IFSCA to ease onshoring of the offshore market.

Shri Amit Gouri, Partner, Financial Services at Ernst and Young (EY), talked about innovative approaches and strategies on fundraising and direct listing. He pointed out that as of March 2024, cumulative debt securities listings worth $56.4 billion have been recorded at IFSC Exchanges boosted by the absence of securities transactions tax, stamp duty, goods and services tax, and capital gains tax for non-residents at GIFT IFSC Exchanges. 

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