GIFT hails Unified Regulator for IFSC in Budget

AHMEDABAD: Gujarat International Finance Tec-City (GIFT City) has hailed Finance Minsiter Arun Jaitley’s Budget announcement of setting up of Unified Regulator for IFSC in India.

“A Unified Regulator for IFSC in India would help India achieve its full potential in the Global Financial markets,” said Ajay Pandey-MD & Group CEO, GIFT City.

Globally, most of the financial centers host Unified Regulator in the same Centre which helps it to promote the financial center. Govt of India’s initiative duly supported by all existing regulators would go a long way in establishing GIFT IFSC as a Global Financial Hub, he said soon after the budget.


A unified regulator will enable financial services firms to do business and will be on par with the precedence in other financial centres making it easier for firms to set up shop.