Intl Financial Services Centre

Question 1

Where is the 1st IFSC in India set up ?

Answer 1

At GIFT city Gandhinagar , Gujarat

Question 2

What is an IFSC ?

Answer 2

1) IFSC are bsically special economic zones for tax benifits.
2) IFSC enables bringing back the financial services and transactions that are carried out in offshore financial centres by Indian Corporate entities and overseas branches to India
3) It would provide Indian corporates easier accesss to global financial markets