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GIFT SEZ IFSC partners Abu Dhabi Global Market.

Date: 28-02-2017
Subject: GIFT SEZ IFSC partners Abu Dhabi Global Market
Mumbai, Feb 27 :  Gujarat International Financial Tec-City Special Economic Zone (GIFT SEZ IFSC) today said it has partnered with Abu Dhabi Global Market (ADGM) for exchanging views and expertise in the fields of banking, financial services and securities regulation of each jurisdiction.

The partnership with ADGM, an international finance centre (IFC) in the UAE, also enables both organisations to explore joint activities and training initiatives that will develop human capital capabilities and foster greater growth in both financial markets, a statement issued here stated.

"The growing economies of India and UAE continue to offer business and growth opportunities for companies, corporates and investors worldwide. With markets getting more inter-connected and entities operating globally, we will work with industry and regulators to increase cross-border opportunities for corporates and investors in Gujarat and Abu Dhabi," ADGM CEO of the Financial Services Regulatory Authority Richard Teng said.

GIFT SEZ is a wholly owned subsidiary of Gujarat International Financial Tec-City Company (GIFTCL) and is responsible for the development of the special economic zone with regards to International Financial Services Centre.

GIFT SEZ Director and Group CEO Ajay Pandey said, "the collaboration provides a great opportunity for both the centres to work on mutually beneficial areas and synergise the efforts made for progressing the IFCs. This collaboration would go long way in providing institutions located at both the centres to expand in different regions." PSK NRB

Source: timesofindia.indiatimes.com

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