“Recognising its potential, Standard Chartered worked closely with the authorities to become the first foreign bank to commence operations at the GIFT IFSC. Our GIFT City branch is an important addition to our global offshore franchise, and we look forward to extending our full suite of capabilities to both international and domestic clients. We are grateful for the support we continue to receive from the IFSC and GIFT City authorities. Our best wishes to the Indian government and the authorities on this remarkable initiative, which we expect to unlock growth opportunities for India and the region for decades to come.”

“SGX appreciates the trust and support of the Government of India, market regulators and partners as we work together to bridge capital markets between Asia and India. Through our subsidiary SGX India Connect IFSC Pte Ltd., we are pleased to be part of the GIFT City community and look forward to serving global market participants and creating value for our customers.”

“This special combination of world class infrastructure and unified, GIFT City located regulator, setting standards and transparent processes on vaulting, trading, delivery standards for the gold industry, will enable India to emerge as a fair, efficient and transparent major bullion trading hub. Enhancing trust and transparency in the global gold market are key to enhancing participation. It is clear that GIFT City’s ambition and clear focus on these issues will bear fruit now, and in what I am sure will be, a very successful future.”

“Barclays is very pleased to have established a branch of Barclays Bank PLC in GIFT City’s International Financial Services Centre. This new branch offers significant advantages and is an opportunity for Barclays to broaden its association with India, enabling us to deliver further value to our Indian and international clients. I would like to thank the International Financial Services Centres Authority for the support and partnership they have consistently provided to Barclays in the establishment of the Bank’s branch in GIFT City’s IFSC.”