The India International Financial Services Centres Authority (IFSCA), together with market infrastructure institutions in GIFT IFSC, reported the successful conclusion of the first Global Securities Market Conclave (GSMC 1.0), a two-day flagship event focused on building an innovative and sustainable securities markets ecosystem in GIFT IFSC and outlining a roadmap for scaling its capital markets. The conclave brought together over 250 in-person participants, alongside more than 2,000 virtual attendees, for 20-plus sessions spanning global capital market trends, cross-border financial services, sustainable finance, fund management and private investments, bullion and precious metals, and the evolving role of GIFT IFSC as a global financial hub. In the inaugural session, IFSCA Chairperson K. Rajaraman described an evolution in IFSCA’s mandate from onshoring India-focused business previously conducted overseas toward supporting the Government of India’s ‘Viksit Bharat’ by 2047 vision, while the Chief Economic Advisor, V. Anantha Nageswaran, discussed the role of GIFT IFSC in India’s financial market development. IFSCA officials also presented regulatory developments and opportunities across IFSC capital markets, and discussions highlighted human capital and social infrastructure as factors in strengthening GIFT IFSC. IFSCA indicated that recordings and presentations from the conclave are available online.

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