IFSCA Forms Committee To Encourage Indian Startups To Relocate To India

IFSCA Forms Committee To Encourage Indian Startups To Relocate To India

SUMMARY

The committee, chaired by the former RBI executive director G Padmanabhan, will apprehend the nuances of regulatory, taxation, legal and other areas that are impacting domestic startups

Zerodha cofounder Nikhil Kamath, IFSCA executive director Dipesh Shah, Avaana Capital founding partner Anjali Bansal and Groww CEO Lalit Keshre are some of the other committee members

The committee is tasked to ascertain issues that are vital for the development of GIFT City and help convert it into a global fintech hub

The International Financial Services Centres Authority (IFSCA) has reportedly formed a committee that will encourage Indian startups to redomicile to India and set up their base in GIFT City.

The committee, chaired by the former RBI executive director G Padmanabhan, will apprehend the nuances of regulatory, taxation, legal and other areas that are impacting Indian startups. It will also identify measures that will make GIFT City as a preferred location for startups to set up their headquarters, according to a Business Standard report.

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