FM announces international arbitration centre at GIFT City

To speed up dispute resolution, Finance Minister Nirmala Sitharaman announced the setting up of an international arbitration centre at GIFT City.

In addition, a world-class university to be allowed in GIFT IFSC (International Financial Services Centre) free from domestic regulation, she said while presenting the Union Budget 2022-23.

Currently, GIFT-IFSC is the maiden international financial services Centre in India.

(With PTI inputs)