On its part, following a recent gazette notification from the central government, GIFT City is looking to welcome foreign universities soon to India’s only operational international financial services centre (IFSC) in Gandhinagar. The gazette notification will recognise courses offered in financial management, fintech, science, technology, engineering and mathematics by foreign universities or institutions in the IFSC as financial services.
Tapan Ray, MD and Group CEO of GIFT City, welcomed the Centre’s following the Union Budget this year to allow foreign universities in GIFT IFSC. “We are receiving a steady stream of interest from well-established foreign universities. The ecosystem of GIFT IFSC and the adjacent knowledge corridor makes it a more compelling case.”