As many as 30 Alternate Investment Funds (AIFs) have lined up to enter the International Financial Services Centre (IFSC) in GIFT City in Gandhinagar, said officials on Thursday. We expect 25-30 funds to come in from another 2-3 months from now,” said Dipesh Shah, head development & international relations, International Financial Services Authority (IFSCA), the unified regulator at GIFT City. Shah was speaking during a virtual panel discussion organised by Bloomberg LP on “The Future of Global Financial Centres: GIFT IFSC”. In May 2021, True Beacon launched the first AIF in GIFT City and has attracted investors. The IFSCA official said that GIFT IFSC currently houses four aircraft leasing entities.

Source: Indian Express July 08, 2021 16:00 UTC