GIFT City Treasury Hub Sees Increased Activity as Six Listed Companies Apply for Licences
GIFT City Sees Surge in Corporate Treasury Centre Applications
Gandhinagar, [Date]: In a significant development, six listed companies have applied for licences to set up corporate treasury centres in Gujarat International Finance Tec-City, or GIFT City, according to Kalyanaraman Rajaraman, chairperson of the International Financial Services Centres Authority (IFSCA).
The growing interest in GIFT City is a testament to the state's efforts to establish itself as a major financial hub in the country. As the chairperson of IFSCA, Rajaraman oversees the development of international financial services centres, including GIFT City.
The six listed companies that have applied for licences to set up corporate treasury centres in GIFT City are a significant addition to the existing list of applicants. This move is expected to further boost the state's economy and establish GIFT City as a major financial hub in the country.
More in Market
SpaceX Seeks Record $75 Billion IPO, Potentially Positioning Elon Musk as the World's First Trillionaire
Treasury Yields Experience Largest Increase in Two Weeks Following Release of Labor Market Data
US-Iran Tensions Spark Uptick in Oil Prices Amid Global Market Decline
