SGX-NSE may start operations at Gift City by Dec: IFSCA's Injeti Srinivas

Investors will need to wait another quarter to trade in the popular global products, which will get routed to the International Financial Services Centre (IFSC). In a telephonic interview with Shrimi Choudhary, Injeti Srinivas, chairman of IFSC Authority (IFSCA), discusses the impact of Covid-19 on the operations of Gift City. Edited excerpts:

Nifty’s Singapore trades, which were supposed to move to Gift City in April, have been delayed. Why? 

SGX has incorporated a special purpose vehicle (SPV) — SGX India Connect IFSC — in February 2021. IFSCA has already issued no-objection to the SPV for opening a bank account in Gift City