IFSCA has issued a Press Release dated March 21, 2023 on “Constitution of an expert committee to ‘Onshore the Indian Innovation to GIFT IFSC’”.
Major highlights of the Circular are as follows:
- With a view to better understand the nuances from regulatory, tax, legal and other perspectives and identify the measures required to make India (GIFT IFSC) the preferred location, IFSCA has constituted an Expert Committee to formulate a road map to onshore the Indian innovation to GIFT IFSC.
The constitution of the Committee is as tabulated below:
Mr. No
Details of Committee Member
Capacity
1
Shri G. Padmanabhan, Ex. Executive Director, Reserve Bank of India
Chairman
2
Shri. Dipesh Shah, Executive director, IFSCA
Member
3
Shri. Nishith Desai, Founder, Nishith Desai Associates
Member
4
Smt. Anjali Bansal, Founding Partner, Avaana Capital
Member
5
Shri. Siddharth Pai, Founding Partner & CFO, 3one4 Capital
Member
6
Shri. Lalit Keshre, Co-founder & CEO, Groww
Member
7
Shri Nikhil Kamath, Co-founder, Zerodha
Member
8
Shri Anjani Sharma, Partner, Financial Services, BSR & Co LLP
Member
9
Shri Sandeep Shah, General Manager, GIFT City Ltd
Member
10
Shri. Ankit Bhansali, Dy . General Manager, IFSCA
Member Secretary
- The terms of reference of the Committee are as follows:
- To suggest measures to encourage Indian Fintech / Startups domiciled abroad to relocate to GIFT IFSC
- To identify issues and challenges that are critical to development of GIFT IFSCA as a global Fintech hub
- To encourage new Fintechs having global outlook to setup their commercial presence in GIFT IFSC
- Any other suggestions for the development of International Innovation Hub at GIFT IFSC.
The Committee is expected to submit its recommendations to IFSCA within three months.
Source category: IFSC Insurance Office
Attachments
- /2023/164_2023-03-21-Expert_Committee_constitution_and_terms_of_reference.pdf
- /2023/164_IFSCA_Press_Release_Constitution_of_an_expert_committee_to_‘Onshore_the_Indian_Innovation_to_GIFT_IF
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