Adani Enterp. 2633.70↑307.60(13.22%)
Adani Ports 747.75↑18.05(2.47%)
Apollo Hospitals 4599.00↓-6.30(-0.14%)
Asian Paints 3121.30↑36.40(1.18%)
Axis Bank 919.35↑1.80(0.20%)
B P C L 367.35↑5.75(1.59%)
Bajaj Auto 4522.65↓-0.60(-0.01%)
Bajaj Finance 6844.95↑51.90(0.76%)
Bajaj Finserv 1442.35↑29.35(2.08%)
Bharti Airtel 801.65↓-0.20(-0.02%)
Britannia Inds. 4541.50↑42.55(0.95%)
Cipla 930.10↑5.15(0.56%)
Coal India 239.65↑0.95(0.40%)
Divi's Lab. 3401.15↑136.15(4.17%)
Dr Reddy's Labs 4452.85↓-4.80(-0.11%)
Eicher Motors 3590.90↑45.45(1.28%)
Grasim Inds 1699.70↓-18.65(-1.09%)
H D F C 2706.60↑1.85(0.07%)
HCL Technologies 1120.75↑0.90(0.08%)
HDFC Bank 1637.80↓-3.25(-0.20%)
HDFC Life Insur. 563.75↓-3.25(-0.57%)
Hero Motocorp 2702.70↑10.55(0.39%)
Hind. Unilever 2639.50↑1.40(0.05%)
Hindalco Inds. 411.25↑3.55(0.87%)
ICICI Bank 955.25↑4.90(0.52%)
IndusInd Bank 1261.75↑15.60(1.25%)
Infosys 1309.00↑16.20(1.25%)
ITC 429.75↑5.00(1.18%)
JSW Steel 707.55↑2.95(0.42%)
Kotak Mah. Bank 1921.85↓-18.35(-0.95%)
Larsen & Toubro 2197.45↓-19.15(-0.86%)
M & M 1266.15↑0.60(0.05%)
Maruti Suzuki 9206.90↑50.25(0.55%)
Nestle India 21600.00↑105.20(0.49%)
NTPC 175.00↑0.90(0.52%)
O N G C 165.00↓-0.60(-0.36%)
Power Grid Corpn 235.00↑0.65(0.28%)
Reliance Industr 2464.90↑9.90(0.40%)
SBI Life Insuran 1165.60↑14.80(1.29%)
St Bk of India 581.20↑4.05(0.70%)
Sun Pharma.Inds. 937.30↓-0.15(-0.02%)
Tata Consumer 770.30↑4.20(0.55%)
Tata Motors 527.10↑4.60(0.88%)
Tata Steel 105.75↑0.75(0.71%)
TCS 3302.65↑3.95(0.12%)
Tech Mahindra 1100.25↓-4.20(-0.38%)
Titan Company 2707.15↓-5.40(-0.20%)
UltraTech Cem. 7665.40↓-50.25(-0.65%)
UPL 678.80↑8.40(1.25%)
Wipro 399.70↑3.95(1.00%)

IFSCA committee to explore ways to bring home Indian start-ups

The terms of reference for the committee include measures required to encourage the Indian fintech and startups domiciled abroad to relocate to GIFT IFSC

Arup Roychoudhury New Delhi

Premium

Photo: Pexels

2 min read Last Updated : Mar 21 2023 | 11:12 PM IST

The International Financial Services Centres Authority (IFSCA) has formed a committee to design a road-map to attract Indian start-ups to set up base in GIFT City and not have their domicile in other nations.

The committee will be headed by former RBI Executive Director G Padmanabhan and tasked with better understanding the nuances from regulatory, tax, legal, and other perspectives, and identifying measures required to make GIFT City the preferred location for start-ups.

“Indian start-ups raised $44 billion in 2021... Many Indian start-ups are domiciled outside India, despite having the majority of their market, personnel, and founders here. These ‘externalised’ or ‘flipped’ start-ups constitute a large number of India’s unicorns,” said a statement from the Finance Ministry on Tuesday.