IFSCA participated in the Global Fintech Fest(@GffFintechfest ) 2026, held from 9–11 September 2026 at Jio World Convention Centre, Mumbai, through various panel discussions and sessions, along with a joint booth with GIFT City, highlighting the regulatory framework and opportunities within the GIFT IFSC ecosystem. Across different panels, Shri Joseph Joshy, Chief General Manager and Chief Technology Officer, IFSCA, shared perspectives on trusted cross-border payments and the potential of quantum technologies in financial innovation, covering areas including data interoperability, mutual recognition among regulators, risk modelling, fraud detection, financial security and quantum-resistant cryptography. Shri Ankit Bhansali, Chief General Manager, IFSCA, shared perspectives on digital identity interoperability, including its opportunities for payment service providers and fintechs and the feasibility of interoperability across differing technical and legal architectures. The IFSCA–GIFT City joint booth showcased the regulatory framework and opportunities within the GIFT IFSC ecosystem and facilitated 150+ substantive stakeholder engagements, including interactions with FinTechs, technology providers, financial institutions and other ecosystem participants, with 350+ footfall. Key areas of engagement included the FinTech Sandbox, TechFin and Ancillary Services, Payment Services, cross-border payments and FCSS, capital markets, funds and fund management, Artificial Intelligence, tokenisation and other emerging technologies, enabling meaningful regulatory engagement and discussions on opportunities within GIFT IFSC.

Shri Joseph Joshy, Chief General Manager, IFSCA, represented the Authority at the @WTO Public Policy Forum 2026, held during 15-17 September 2026 in Geneva, Switzerland, under the theme “Powering the Future”, which focused on the role of trade in services in promoting global economic growth and development. Shri Joseph Joshy participated as a panellist in the panel titled “Sandboxes, Special Zones, etc.: Testing Tomorrow’s Rules”, which examined how regulatory sandboxes, special economic zones and other experimental regulatory frameworks can facilitate regulatory innovation, support evidence-based policymaking and contribute to improved regulatory outcomes in services trade. During the panel discussion, Shri Joseph Joshy highlighted the vision and strategic role of GIFT IFSC in positioning India as an international financial services hub and its contribution to the country’s broader growth and development. He underscored the scale of this growth, with 1,336 registrations/authorisations granted by IFSCA as of June 2026, alongside USD 39+ billion in fund commitments, USD 120.69 billion in banking assets, USD 111 billion in monthly capital market turnover, and USD 610 million in reinsurance premiums, reflecting the rapidly expanding international financial ecosystem at GIFT IFSC. He also highlighted the role of the IFSCA Sandbox framework in creating an enabling and controlled environment for testing innovative financial products, services and technologies, while fostering meaningful engagement between innovators and the regulator. He mentioned that the learnings from the Sandbox have helped enable new business areas within GIFT IFSC, including TechFin Services Providers, Payment Services Providers (PSPs), and the International Trade Finance Services (ITFS) platform. The impact of these initiatives is reflected in 500+ employment opportunities generated by TechFins, USD 47.14 million in transaction value facilitated by PSPs, and USD 126.92 million in transaction value facilitated through the ITFS platform. While discussing the importance of effective regulatory coordination in facilitating innovation, he highlighted the key features of the Inter-operable Regulatory Sandbox (IoRS) mechanism, which enables coordination among the four domestic financial sector regulators, RBI, SEBI, IRDAI and PFRDA, along with IFSCA, to facilitate the testing of innovative hybrid financial products and services that fall within the regulatory ambit of more than one financial sector regulator. He further emphasised the importance of regulatory experimentation, technology-driven innovation and collaboration between regulators and market participants in developing responsive regulatory frameworks capable of keeping pace with emerging financial technologies and evolving models of international trade in services.

A panel discussion on GIFT IFSC was moderated by Mr. Pavan Shah, Chief General Manager, IFSCA and held at the Swami Vivekananda Cultural Centre, Paris. The event was organised by Embassy of India in France. The panel brought together Ms. Isabelle Chastagner, Managing Director, Corporate Coverage France and Southern Europe, Standard Chartered Bank; Mr. Debasish Mishra, Managing Director & CEO, SBI Funds Management Ltd.; Mr. Vishal Khanna, Partner, PwC; and Mr. Rajiv Pisharodi, Managing Director & Head – Crédit Agricole CIB (GIFT City). The discussion commenced with opportunities in banking and fund management, along with experiences of establishing operations at GIFT IFSC, and further delved into the tax framework, global strategies and their interplay with the several opportunities emerging at GIFT IFSC. An engaging interaction with the audience during the panel provided an opportunity to address queries on the regulatory framework, business environment and avenues for international participation through GIFT IFSC. @IndiaembFrance #GIFT #IndiainParis #IFSC #Panel

Dr. Dipesh Shah, Executive Director, IFSCA, delivered a presentation on “Opportunities for French Financial Institutions in India’s maiden IFSC at GIFT City.” The presentation provided an overview of IFSCA, GIFT IFSC and its regulatory framework, covering key sectors including Banking, Capital Markets, Insurance, Universities, Aircraft and Ship Leasing, among others. Dr. Shah also highlighted the range of opportunities for French banks, funds and financial service providers to engage with GIFT IFSC and participate in India’s expanding international financial ecosystem. @IndiaembFrance

𝗜𝗙𝗦𝗖𝗔 𝗲𝗻𝗴𝗮𝗴𝗲𝘀 𝘄𝗶𝘁𝗵 𝗙𝗿𝗲𝗻𝗰𝗵 𝗳𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹 𝗶𝗻𝘀𝘁𝗶𝘁𝘂𝘁𝗶𝗼𝗻𝘀 𝗼𝗻 𝗼𝗽𝗽𝗼𝗿𝘁𝘂𝗻𝗶𝘁𝗶𝗲𝘀 𝗮𝘁 𝗚𝗜𝗙𝗧 𝗜𝗙𝗦𝗖 On September 18, 2026, IFSCA, in collaboration with Embassy of India, France organised a business seminar at the Swami Vivekananda Cultural Centre in Paris on “Opportunities for French Financial Institutions in India’s maiden IFSC at GIFT City.” Ambassador H.E. Mr. Sanjeev Singla highlighted the growing relations between India & France, India’s strong macroeconomic outlook and the importance of strengthening India–France trade and financial linkages. IFSCA Chairperson Shri Kalyanaraman Rajaraman highlighted India’s evolving economic landscape, the key reforms shaping its growth trajectory and the Government of India’s vision of Viksit Bharat@2047. The seminar witnessed participation from French banks, fund managers, insurance companies, business chambers and other financial institutions, facilitating meaningful discussions on cross-border financial activity and avenues for greater India–France financial collaboration through GIFT IFSC. @IndiaembFrance

𝗜𝗙𝗦𝗖𝗔 𝗲𝗻𝗴𝗮𝗴𝗲𝘀 𝘄𝗶𝘁𝗵 𝗜𝗻𝗱𝗶𝗮𝗻 𝗱𝗶𝗮𝘀𝗽𝗼𝗿𝗮 𝗶𝗻 𝗣𝗮𝗿𝗶𝘀 𝗼𝗻 𝗼𝗽𝗽𝗼𝗿𝘁𝘂𝗻𝗶𝘁𝗶𝗲𝘀 𝗮𝘁 𝗚𝗜𝗙𝗧 𝗜𝗙𝗦𝗖 IFSCA, led by Chairperson Shri Kalyanaraman Rajaraman, interacted with members of the Indian diaspora in Paris on the opportunities emerging at GIFT IFSC. The interaction was organised by the Embassy of India in France. Chairperson Shri Rajaraman spoke about India’s economic outlook, key growth drivers, reforms undertaken and the vision of Viksit Bharat. Dr. Dipesh Shah, Executive Director, provided an overview of GIFT IFSC, its regulatory architecture, recent growth and emerging opportunities for the diaspora, particularly in banking and insurance. Shri Pavan Shah, Chief General Manager, highlighted the growth of capital markets at GIFT IFSC and the investment opportunities available to the diaspora through funds and other capital-market products. The engagement provided an opportunity for an interactive discussion and addressing queries on the opportunities and avenues available through GIFT IFSC. IFSCA thanks the @IndiaembFrance and Ms. Richa Gulati, First Secretary (ITOU), for facilitating the interaction. #IFSCA #GIFTIFSC #IndianDiaspora #NRI #IndiaFrance

𝗣𝗮𝗻𝗲𝗹 𝗗𝗶𝘀𝗰𝘂𝘀𝘀𝗶𝗼𝗻 𝗼𝗻 𝗢𝗽𝗽𝗼𝗿𝘁𝘂𝗻𝗶𝘁𝗶𝗲𝘀 𝗳𝗼𝗿 𝗜𝘁𝗮𝗹𝗶𝗮𝗻 𝗜𝗻𝘀𝘁𝗶𝘁𝘂𝘁𝗶𝗼𝗻𝘀 𝗮𝘁 𝗚𝗜𝗙𝗧 𝗜𝗙𝗦𝗖 A panel discussion on “Opportunities for Italian Institutions at GIFT IFSC” was held in Milan, Italy. The session was moderated by Mr. Pavan Shah, Chief General Manager, IFSCA. The Panel comprised of Mr. Alessandro Giuliani, President, Indo-Italian Chamber of Commerce; Mr. Sylvain Ducros, CEO & Principal Officer, Assicurazioni Generali (GIFT); Mr. Rajiv A. P., Head, Crédit Agricole (GIFT); Mr. Rakesh Sarin, Head, HCL Tech Confinale Wealth Solutions; and Mr. Vinit Joshi, Head, SBI Funds (GIFT). The discussion provided a comprehensive overview of opportunities for Italian institutions in India, with a particular focus on GIFT IFSC as an international financial services hub. Panellists shared insights, opportunities and institutional experiences across Banking, Asset Management and Insurance. The deliberations also covered the availability of skilled talent, opportunities for two-way investments, strengthening India–Italy trade and financial linkages, and the role of GIFT IFSC in facilitating greater international participation in India’s financial ecosystem. #GIFTIFSC #IndiaItaly #Banking #AssetManagement #Insurance #FinancialServices #IFSCA

Smt. Riddhi Bhandari, CGM, IFSCA, delivered a session on “India’s Global Financial Gateway: Opportunities at GIFT-IFSC” at the Consulate General of India, Barcelona. The session was organised jointly by the IFSCA, the @CGIBarcelona, and @FomentTreball , as part of a meeting with corporates and banks. The event was attended by Shri Inbasekar Sundaramurthi, Consul General of India, Barcelona, senior officials of the Consulate, and representatives of Spain-based corporates and banks. During the session, Smt. Bhandari highlighted the growing Corporate Treasury Centre (CTC) ecosystem at GIFT-IFSC and the opportunities available for corporates to establish treasury centres in the IFSC. Key areas covered included: •The IFSCA Global Treasury Centre Framework, including permitted activities and the process for setting up treasury centres in the IFSC. •Tax advantages, including a corporate income-tax exemption for 20 consecutive years out of a 25-year window, followed by taxation at a 15% rate on eligible income. •A robust banking ecosystem comprising 21 domestic and 21 foreign banks, offering a comprehensive suite of treasury products. •Access to capital markets through exchanges such as NSE, BSE and SGX, which are active in GIFT City. •The cost efficiency and competitive operating environment offered by GIFT-IFSC. The session also covered the expanding banking ecosystem at GIFT-IFSC, including: •Benefits for banks establishing branches in the IFSC, including withholding tax advantages and access to India’s hinterland economy. •Opportunities for project finance, including financing of renewable energy projects. •IFSCA’s proposed initiatives for establishing an arbitration centre within the IFSC. •Regulatory aspects relating to the unified banking licence, outsourcing of activities, and prudential norms applicable to IFSC banking branches. •Scope of activities for IFSC banking branches, including External Commercial Borrowings (ECBs), trade finance, and provision of services to group entities without risk participation. The interaction provided an opportunity for Spain-based corporates and banks to gain insights into the evolving financial ecosystem at GIFT-IFSC and explore opportunities for greater participation in India’s international financial services ecosystem.

Dr. Dipesh Shah, Executive Director, IFSCA, delivered a detailed presentation at the business seminar in Milan on “Opportunities for Italian Financial Institutions in India’s maiden IFSC at GIFT City.” The presentation provided an overview of IFSCA, GIFT IFSC and its broad regulatory framework, covering key sectors including Banking, Capital Markets, Insurance, Universities, Aircraft and Ship Leasing, and more. Dr. Shah also outlined the diverse opportunities available to Italian banks, funds and other financial service providers, highlighting the potential for deeper engagement with GIFT IFSC. #GIFTIFSC #Banks #FinancialServices #Funds

𝗜𝗙𝗦𝗖𝗔 𝗲𝗻𝗴𝗮𝗴𝗲𝘀 𝘄𝗶𝘁𝗵 𝗜𝘁𝗮𝗹𝗶𝗮𝗻 𝗳𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹 𝗶𝗻𝘀𝘁𝗶𝘁𝘂𝘁𝗶𝗼𝗻𝘀 𝗼𝗻 𝗼𝗽𝗽𝗼𝗿𝘁𝘂𝗻𝗶𝘁𝗶𝗲𝘀 𝗮𝘁 𝗚𝗜𝗙𝗧 𝗜𝗙𝗦𝗖 On September 15, 2026, IFSCA, in collaboration with @IndiainItaly and @cgimilan, organised a business seminar in Milan on “Opportunities for Italian Financial Institutions in India’s maiden IFSC at GIFT City.” Ambassador H.E. Ms. Vani Rao highlighted India’s strong macroeconomic outlook and the importance of strengthening India–Italy trade finance linkages. IFSCA Chairperson Shri K. Rajaraman outlined India’s growth story, key pillars and the reform agenda. He also highlighted the Government of India’s vision of Viksit Bharat by 2047 and its key tenets. The seminar brought together Italian banks, private equity funds, business chambers, other financial institutions and investment consultancies, fostering greater awareness of GIFT IFSC and opening avenues for deeper India–Italy financial cooperation. #IFSCA #GIFTIFSC #IndiaItaly #FinancialServices #InternationalFinance

IFSCA engages with SCOR on opportunities in international reinsurance IFSCA and Embassy of India in Paris held an interaction with SCOR. The Indian delegation was led by Chairperson Shri Kalyanaraman Rajaraman and Mr. Thierry Léger, Chief Executive Officer, SCOR, along with other senior officials of SCOR participated to discuss the growing Indian insurance and reinsurance market and the opportunities in the IFSC. The discussions explored the role of GIFT IFSC in facilitating global insurance and reinsurance business, cross-border financial activities and opportunities arising from India’s evolving insurance ecosystem. #IFSCA #GIFTIFSC #SCOR #Reinsurance #Insurance #IndiaFrance

IFSCA Delegation led by Chairperson Shri Kalyanaraman Rajaraman met Mr. Oliver Vigna, CEO, Paris Europlace, in Paris to explore opportunities for deeper cooperation between Paris financial centre and GIFT IFSC. Discussions included institutional cooperation, international investment and participation in each other’s events. #IFSCA #GIFTIFSC #ParisEuroplace

IFSCA engages with AMF France on regulatory and supervisory cooperation. A delegation led by Shri Kalyanaraman Rajaraman, Chairperson, IFSCA held an interaction with Mr. Sébastien Raspiller, Secretary General, Autorité des marchés financiers (AMF), France, to discuss regulatory and supervisory cooperation between IFSCA and AMF. The discussions covered cybersecurity, emerging supervisory challenges and the importance of cross-border regulatory cooperation in strengthening financial market resilience and fostering international financial linkages. #IFSCA #GIFTIFSC #AMF #FranceIndia #FinancialRegulation

Smt. Riddhi Bhandari met with the senior management of J.P. Morgan Chase Bank (JPMC Bank) and also participated in a roundtable discussion with corporates organised by the Bank. During the meetings, she highlighted the significant growth of the GIFT IFSC ecosystem, including the growth of banking assets to USD 193.5 billion and the increasing presence of foreign banks, which has risen to 21 banks. She apprised the senior management of JPMC Bank about the emerging opportunities and activities in GIFT IFSC in which the Bank could consider expanding its participation, in addition to its existing activities. The key areas discussed included: •Ship and aircraft leasing •Factoring and forfaiting •Acting as a partner bank for Payment Service Providers •OTC derivatives in gold and silver •Participation in upcoming IFSCA-authorised Electronic Trading Platforms •Development of treasury solutions for Global Treasury Centres established in the IFSC •Wealth management products and services 𝗥𝗼𝘂𝗻𝗱𝘁𝗮𝗯𝗹𝗲 𝘄𝗶𝘁𝗵 𝗖𝗼𝗿𝗽𝗼𝗿𝗮𝘁𝗲𝘀 During the roundtable with corporates, discussions focused on the opportunities available for corporates to establish Global Treasury Centres in GIFT IFSC. The key areas covered included: •The IFSCA Global Treasury Centre Framework, including the activities permitted under the framework and the process for establishing treasury centres in the IFSC. •Tax benefits and incentives, including the provision for a corporate income-tax exemption for 20 consecutive years within a 25-year window, followed by taxation at a 15% rate on eligible income, subject to the applicable provisions. •The time-zone advantage offered by GIFT IFSC, enabling corporates to efficiently manage and coordinate treasury operations across major global financial markets. The engagements provided an opportunity to showcase the expanding GIFT IFSC ecosystem, highlight the range of financial activities available to international financial institutions and corporates, and encourage greater participation in the IFSC.

IFSCA delegation led by Mr K. Mahipal Reddy, ED and accompanied by Mr Bhaskar Khadakbhavi and Mr Sachin Budhawant participated in 68th Rendez-Vous de Septembre (RVS) 2026 in Monte Carlo (5–9 Sept). Bilateral meetings with global (re)insurers showcased GIFT IFSC opportunities in reinsurance, niche insurance segments, aviation & ship leasing and GCCs. #IFSCA #RVS2026 #GIFTIFSC

IFSCA, led by Chairperson Shri Kalyanaraman Rajaraman, engaged with Mr. Valerio Camerano, Managing Director, Algebris Investments, on India’s evolving financial-services landscape and opportunities at GIFT IFSC, including towards transition finance and infrastructure investments. #IFSCA #GIFTIFSC #Algebris #AlternativeInvestments

IFSCA, led by Chairperson Shri Kalyanaraman Rajaraman, engaged with Mr. Filippo Guicciardi, CEO, Equita Capital SGR, and other officials of Equita Capital on opportunities at GIFT IFSC, including for private capital, alternative investments and transaction advisory. #IFSCA #GIFTIFSC #EQUITA #PrivateCredit #Transition

IFSCA held a meeting with UN-PRI today to explore areas of mutual cooperation in Sustainable Finance and Funds at GIFT IFSC. #IFSCA #GIFTIFSC #SustainableFinance #ResponsibleInvestment

IFSCA, led by Chairperson Shri Kalyanaraman Rajaraman, participated in a round table interaction on the banking ecosystem in GIFT IFSC with UniCredit, Banco BPM, Carraro S.p.A., SACE, SIMEST, Studio Gianni & Origoni, and IICCI. #IFSCA #GIFTIFSC #IndiaItaly #Banking #CrossBorderInvestment

At the launch of the broking business of Mirae Asset Capital Markets (IFSC) Pvt. Ltd. at GIFT City, Shri Pradeep Ramakrishnan, Executive Director, IFSCA, shared insights on the latest developments at GIFT IFSC and the evolving capital markets landscape. The interaction highlighted emerging opportunities for market participants in the International Financial Services Centre across areas such as ETFs, listing without IPO/OFS at the IFSC, debt funds, and innovation and technology in capital markets.