Budget 2022: Int'l arbitration centre to be set up at GIFT City, says FM

Finance Minister Nirmala Sitharaman on Tuesday announced that an international arbitration centre will be set up at GIFT City to provide faster dispute resolution.

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.