GUJARAT INTERNATIONAL FINANCE TEC-CITY MD & Group CEO's Message Dear All, Greetings of the Season! It gives me immense pleasure to share with you that our Hontble Prime Minister, Shri Narendra Modi inaugurated Country 1st International Exchange setup by BSE in GIFT IFSC on Sth January 2017. The historic development has put India on the global capital markets map. Several leading Banks as well as Insurance companies are already operating out of GIFT IFSC, operationalizing of capital markets vertical is a major step forward towards development of a complete ecosystem for a globally competitive financial hub, After BSE, the other major capital market player, National Stock Exchange (NSE), is also going to open its International Exchange at GIFT IFSC. |lam happy to share with you that the 8th edition of Vibrant Gujarat Global Summit, 2017 had hosted a special session on the Business Potential of IFSC in India’ on January 11, 2017. The session was addressed by Hon'ble Union Minister of State for Finance and Corporate Affairs, Shri Arjun Ram Meghwal, Dy. Chief Minister of Gujarat, Shri Nitin Patel & Governor of Reserve Bank of India, Shei Urjit Patel. The discussion explored the range of financial services available for NEWSLETTER Issue: February, 2017 domestic and global players and also showcased India's emergence as the next Global Financial Hub. In a years time, GIFT IFSC has already crossed cumulative business transactions worth over US$ 2 billion and is fast emerging as a Global Financial Hub on the lines of London, Dubai, Hong Kong, Singapore & New York. Presently, more than 5000 employees are ‘working in GIFT Gity and it is expected that by end of 2018 this number will cross 10,000. GIFT has embarked on an ‘expansion track and in the coming days, we will see more such developments taking place. GIFT City is helping India to mark its presence in the list of Global Financial Centres and | am sure with support from all of you we would keep on achieving ‘newer heights. Best Wishes, Ajay Pandey BSE rings in trading at newly launched India INX India International Exchange (India INX), the countrys first global bourse in GIFT City was inaugurated by Honble PM of India on January 09, 2017. India INX is a wholly owned subsidiary of the Bombay Stock Exchange (BSE) and in the first phase it is offering trading in Stock futures of Google, Facebook, Microsoft, Apple etc India INX commenced its trading from January 16, 2017 in the presence of Hon'ble Union Minister of State for Finance & Corporate Affairs. BSE’s International Stock Exchange-INX is a major step forward towards development of a complete ecosystem for a globally competitive financial hub. More than 80 trading members with BSE have received approval from the Ministry of Corporate Affairs to set up businesses at IFSC in GIFT City. Intemational Brokers, Non Resident Indians (NRIs), Foreign Residents and Investors as well as Indian Financial Institutions with requisite RBI permissions to engage in overseas trading, are allowed to trade through the exchange, India INX would remain open for trading for 22 hours every day with the exchange ‘opening at 4:30 a.m. when exchanges ‘open in Japan and closing at 2:30 am. ‘when exchanges closein the US, onVibrancy at GIFT during Vibrant Gujarat 2017 Seminar on Business Potential of IFSC in India Government of India through Department of Economic Affairs (DOEA), Finance Department - Government of Gujarat and Gujarat International Finance Tec-City (GIFT City) had organized an International Seminar on "Business Potential of IFSC in India” on January 11, 2017 at Mahatma Mandir, Gandhinagar as a part of Vibrant Gujarat Global ‘Summit 2017. The Seminar brought together leaders of Banking, Insurance Companies, Capital Market Players, Regulators and Senior Government officials to deliberate on the Business Potential of IFSC with regards to Banking, Insurance & Capital Market players. Hon'ble Union Minister of State for Finance & Corporate Affairs Shri Arjun Ram Meghwal was the Chief Guest and Hon'ble Dy. Chief Minister, Government of Gujarat, Shri Nitin Patel had his special presence for the said seminar. Hon'ble Governor, RBI, Shri Urjit Patel delivered a special address to the participants. Mous signed by GIFT City during Vibrant Gujarat 2017 GIFT City signs MoU with BSE International Exchange IFSC Ltd, for setting up International Exchange GIFT City signs MoU with BSE Clearing Corporation IFSC Ltd. for setting up International Clearing Corporation GIFT City signs MoU with NSE IFSC Clearing Corporation Lid, for setting up International Clearing Corporation www.giftgujarat.in GIFT City signs MoU with MCX Ltd. for setting up a full-fledged Business Continuity Facility GIFT City signs MoU with BSE Institute Ltd. to jointly develop, launch and conduct programs in the Financial Markets GIFT City signs MoU with NSE IFSC Ltd for setting up International Exchange GIFT City signs MoU with Brigade Enterprise to develop Office tower in GIFT SEZGIFT City Stall at Vibrant Gujarat Global Tradeshow '17 GIFT City participated in the VGGTS in form of International stall on the theme of a operational Smart ity. It provided an opportunity to interact with people across various Industries, global thought leaders and renowned ‘academicians from all over ‘the world on various developments at GIFT City. Important Developments At Gift City MCX operationalizes its new office at GIFT City India’s premier Commodity bourse, MCX opened up their Business Continuity (BC) and Disaster Recovery (DR) centre and a training and education facility at GIFT City. Shri Vijay Rupani, Hon’ble Chief Minister of Gujarat, inaugurated the new MCX office on January 31, 2017 which would prepare the company in the event of extended service outages caused by factors beyond control (e.g., natural disasters, man-made events), and to restore services to the widest extent possible in a minimum time frame MCX would also have their in-house software development division for data analytics, internal automation, ancillary applications and value add services to members. Additionally, MCX has also planned to establish a training facility at this space to conduct training programmes and disseminate knowledge for the enhancement of skills and capabilities of students and working professionals, desirous of making a career in commodity market. www.giftgujarat.in Pie aioe MNC Law & Audit Reeser from GIFT City On January 03, 2017, for the first time Ministry of Commerce & Industry amended a rule allowing foreign firms to set up offices and advise clients from GIFT City. Current regulations do not permit Multinational Law firms to operate in the country. Indian Law and Accountancy firms are also not allowed to operate from any of the Special Economic Zones. The same rule has got amended and now it allows not only Indian Law or Accountancy firms to set up a base in GIFT City but even Multinationals can directly advise upon international disputes or arbitration by setting up a base in GIFTSEZ. 03Key Development Updates 2 Million Sq. Ft. of BUA Operational Data Centre ‘Sq. Ft. of BUA Under Development www.giftgujarat.in 04Rog res Perey ncn Reliance Capital pee aay Peerage) emir) Residential Building | Residential Building feet) Bringing back Native Forest GIFT City envisaged as an Eco-City, will serve as a habitat showcasing business oriented environmentally sensitive growth. On Pilot basis, we've completed a themetic forest park with more than 2000 trees planted in an area as small as 700 5q.mt. using the expertise of Afforestt. EE Denser 100X Biodiverse Organic 05 www.giftgujarat.inA World-Class Ecosystem for International Finance Se ene Me er ee Ce ee ee ae Seen ir rr ii — P 1" Occupants in NON-SEZ Area maxim n)Code EEE re, eters ones ak GNEC beam bE Orr. = SAME) asus a befree == _ aml 1* Occupants in SEZ-IFSC Area 0 ICICI Bank viwena § = kote,. REEVANNTA = INDIA‘CC —_INDIAIN Bea lm Indusindeank ~— RELIANCE betree a @ ecoel Ge xperitus GET waz. AONEER Zon, www.giftgujarat.in 06