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About IFSCA
International Financial Services Centres Authority (IFSCA)

IFSCA is a statutory authority established by Government of India.
As the dynamic nature of business in the IFSCs requires a high degree of inter-regulatory coordination within the financial sector, the IFSCA has been established as a unified regulator with a holistic vision in order to promote ease of doing business in IFSC and provide world class regulatory environment. The main objective of the IFSCA is to develop a strong global connect and focus on the needs of the Indian economy as well as to serve as an international financial platform for the entire region and the global economy as a whole.
https://ifsca.gov.in/

IFSCA's Single Window IT System (SWIT)

The IFSCA's Single Window IT System (SWIT) was recently inaugurated by the Hon'ble Prime Minister (PM), Shri Narendra Modi, on September 16, 2024, at GIFT City, and the portal for entities to file their application is now live! Please find below the link to the SWIT portal which maybe used by various financial institutions to apply to IFSCA.
https://swit.ifsca.gov.in/ 

The Hon’ble Finance Minister in the Union Budget for FY 2023-24 announced the following:
“Implementation of a single window IT-enabled system for application processing of entities desirous of setting up operations in GIFT IFSC” to improve the Ease of Doing Business (EoDB) in GIFT IFSC.

In a short span of 18 months, IFSCA has successfully designed, developed and operationalized the Single-Window IT-enabled system (SWIT) which will be a one stop shop to get all necessary approvals by foreign and domestic financial institutions to setup and do business in GIFT IFSC.

IFSCA: India Investment Platform for Global Investors, September 2024
IFSCA Quarterly News Bulletin (April - June 2024)

Economy & Commerce