Overview
- Official data lists more than 1,034 registered IFSC entities and 38 banks holding $100.14 billion in assets.
- Oversight rests with the International Financial Services Centres Authority, a unified regulator created under the 2019 law and operational since 2020.
- The development spans nearly 1,000 acres with plans to exceed 3,300 acres, organized into SEZ and DTA zones that offer a 10‑year income‑tax holiday within a 15‑year window, with IFSC units treated as non‑resident under FEMA.
- Infrastructure highlights include a 12 km utility tunnel carrying electricity, sewage and firefighting pipelines to enable digging‑free expansion.
- Market infrastructure includes the India International Bullion Exchange, launched in July 2022 at GIFT IFSC and promoted by NSE, India INX, NSDL, CDSL and MCX, with OECD‑aligned due‑diligence norms.