Definition
GIFT City IFSC
GIFT City IFSC is India's International Financial Services Centre in Gujarat, a special zone offering offshore-style financial services in foreign currency with light regulation and tax benefits.
The Gujarat International Finance Tec-City IFSC lets banks, exchanges and funds operate in dollars and other foreign currencies under the regulator IFSCA, aiming to bring offshore rupee and India-related business onshore.
GIFT City hosts the NSE IX and India INX exchanges, where GIFT Nifty futures trade, and is the planned venue for direct overseas-style listings and fund management. It offers tax incentives to compete with Singapore and Dubai for India-linked finance.
Related terms
- GIFT NiftyGIFT Nifty is the Nifty futures contract traded on NSE International Exchange at GIFT City, succeeding the old SGX Nifty.
- Non-Deliverable Forward (NDF)An NDF is a cash-settled offshore currency forward where no actual exchange of the underlying currency occurs, used to trade or hedge restricted currencies like the rupee.
- Dual ListingDual listing is when a company's shares are listed and traded on two or more stock exchanges, often in different countries, to widen its investor base.
- Foreign ListingA foreign listing is when a company lists its shares on a stock exchange outside its home country to access overseas capital, prestige and a broader investor base.
Plain-English explainer from The Dispatch Investors Encyclopedia. General information, not financial advice.