PM to lay foundation stone of Headquarters Building of IFSCA in Gujarat on July 29

New Delhi: Prime Minister Narendra Modi will lay the foundation stone of the Headquarters Building of the International Financial Services Centres Authority (IFSCA) in Gujarat on Friday. IFSCA is the unified regulator for the development and regulation of financial products, financial services and financial institutions in International Financial Services Centres in India. 

The headquarters building of IFSCA has been conceptualised as an iconic structure, reflective of the growing prominence and stature of Gujarat International Finance Tec, GIFT as a leading International Financial Centre.

The Prime Minister



will also launch India International Bullion Exchange, India’s first International Bullion Exchange in GIFT-IFSC. This will facilitate efficient price discovery with the assurance of responsible sourcing and quality, apart from giving impetus to the financialisation of gold in India. 

This shall empower India to gain its rightful place in the global bullion market and serve the global value chain with integrity and quality. This will also re-enforce the central government's commitment towards enabling India to be able to influence global bullion prices as a principal consumer.