GIFT IFSC ranked 10th among top emerging financial centres

GIFT IFSC is ranked 10th among the 15 centres that are likely to become more significant in the next few years. It has been ranked ahead of Luxembourg, Seoul, Abu Dhabi, Toronto and Beijing.

Covering 92 centres and 16 associate centres globally, the report presents parameters for measuring the attractiveness of financial centres apart from providing a strategic understanding into their growth and competitiveness.

Ajay Pandey, MD & CEO of GIFT City, said that the recognition is a testimony of the contribution GIFT IFSC is making in international financial services business.

Ten banks, eight insurance companies and brokers, and two international exchanges, along with 100 capital market players have operations at GIFT IFSC