Wednesday, October 28, 2020
News
NEWS HOME
»
PRESS RELEASES

Hiranandani Signature Designated IFSC Offers Ready to Move in Commercial Spaces
  SocialTwist Tell-a-Friend  
   


Date: 22-09-2020 9:30AM
Source: Hiranandani Communities
Category: General, Economy, Govt. & Public Policy, Construction And Property, Real Estate, Stock Exchanges, Construction And Real Estate
Location: Mumbai, Maharashtra, Gandhinagar, Gujarat, India

Business Wire India
The recent announcements at India’s first IFSC located in GIFT city Gujarat have created a buzz in India’s business network. The signing of a Memorandum of Understanding (MoU) to provide consultation for the establishment of the International Bullion Exchange (IBE) to be located within GIFT IFSC City holds the promise of making India an important hub in global bullion trade. Similarly, the Stock Holding Corporation of India (SHCIL) received approval to start its custodial services at International Financial Services Centre in GIFT City too augurs well for India’s global trade. An international logistics park being set up within GIFT City seeks to boost FDI and bullion trades.

These announcements come in the backdrop of uplifting India’s one and only IFSC in the global financial circuit and foster huge trade volumes. As Indian economic resurgence being a burgeoning issue, these announcements play and plug the role of Indian financial service as a global commodity. In this process, India's first global financial hub, GIFT IFSC is all set to play a major role.

Created with the aim of providing a level playing field for Indian business in the global markets, GIFT IFSC offers flexibility in financial transactions with lower taxes and easier regulations as compared to other Indian hubs. It offers trading in equities, currencies, and commodities, as well as a listing of international bonds.

“Prime Minister Narendra Modi has pitched for India to be the new Asian destination for global fund flows. As India’s only international financial hub, GIFT City will seek to be the hub where these opportunities fructify,” said Dr. Niranjan Hiranandani, CMD, Hiranandani Communities. “Given the positive impact of the recent initiatives, the next few years should see GIFT IFSC contribute $1 trillion to Indian industry and infrastructure – this will play a major role to help achieve the $5-trillion GDP target over the next few years,” he added.

For those who will be part of this process at GIFT City, Hiranandani Signature the designated IFSC offers ‘ready to move in’ commercial space options. The ready space shall facilitate early mover advantage which will help to grow business opportunities. GIFT IFSC is an ideal launchpad for global trade activities.

India's first multi-service special economic zone with IFSC status caters to the nation's large financial services market as also forex and commodities. It offers world-class infrastructure and hi-tech facilities. Within the IFSC, Hiranandani Signature is the first fully functional commercial space that incorporates green and sustainable design as per global best practices.

Hiranandani Signature is a unique commercial real estate offering and welcomes clients from the reinsurance sector, capital markets including equity share brokers as also the BFSI segment, which are all operational from the IFSC. In light of recent moves, Hiranandani Signature looks forward to welcoming companies from the Gems and Jewellery sector as also data centres.

Over the past few years, the Union Budget has provided opportunities that make GIFT IFSC an attractive alternative to operations in Singapore or Dubai for global operations by Indian financial and business organizations.

The recent policy announcements regarding GIFT IFSC are expected to give a tremendous boost to investor confidence both in India and abroad, and these are expected to place operations at GIFT IFSC in the fast track mode. It should see GIFT IFSC contribute $1 trillion to the Indian industry and infrastructure, playing a major role to help achieve the $5-trillion GDP target over the next few years.

Dr. Niranjan Hiranandani is CMD, Hiranandani Communities


More Press Releases

ThinkYou Offers Science-Based Diet Plans for a Healthy Journey

Assurant Acquires Mobile Device Trade-In Innovator HYLA Mobile

Australia's Global Talent Visa Program Sees Tech CEOs Swap Silicon Valley for Sydney

Amazon India Launches Delivering Smiles Program to Support the Education of Students From Marginalized Communities

CSS Corp Wins Gold at the 12th Annual 2020 Golden Bridge Business and Innovation Awards®

TestingXperts Certified as A Great Place to Work

NTT Com Receives "Operator Award: Embracing Cloud" at Network Transformation Awards During Layer123 World Congress 2020

Power Integrations' New MinE-CAP IC Reduces Volume of AC-DC Converters by Up to 40%

Wipro Strengthens Partnership With SAP on Industry Cloud Solutions for Real Estate Sector

Blue Cloud Ventures Announces Investment in Arctic Wolf Networks

State-of-the-art Photography Results and Immersive AR Experiences: Infineon and pmd Offer 3D-imager With Longest Range in the Market

Morinaga Milk Expands Lactoferrin Production Capacity in German Subsidiary “MILEI GmbH”

This Festive Season, Use a Flexi Personal Loan to Manage Big Expenses

INX to Acquire Openfinance Securities, LLC

IDEMIA Will Present Its Q3 2020 Financial Results to Investors on November 2, 2020

Veeva Teams With Life Sciences to Offer Industrywide Source for Key Contacts, Information, and Services From Across Companies and Brands

Pulse Electronics Switches to Rimini Street Support for its SAP Applications

Toshiba Announces Updated 4TB, 6TB and 8TB Enterprise Capacity HDD Models

LiveRamp Enhances Global Identity Infrastructure to Include Unified ID 2.0

QoreNext Announces Angel Investment Funding

Andersen Global Adds Additional Presence in Jamaica

 
 
TRENDING TOPICS
 
 
CITY NEWS
MORE CITIES
 
 
INDIA WORLD ASIA
Sukhbir Singh Badal says centre should n...
Twitter representatives appear before Pa...
Eroding Section 230 can collapse Interne...
India reports 43,893 new COVID-19 cases,...
How can Devangana tamper with proof, ask...
Ballabgarh murder accused a relative of ...
More...    
 
 Top Stories
Gokulam Kerala FC's home ground is ... 
NASA, ESA ink pact to collaborate o... 
Japan: Oppn grills Suga over scienc... 
Mizoram records 1st Covid death... 
Some forces want to destabilise Pak... 
Fresh unrest rock Philadelphia afte... 
2 Chhattisgarh districts make a mar... 
Ballabgarh murder accused a relativ...