IFSCA sets up committee to develop avenues for ship financing, leasing

The panel, to be chaired by Vandana Aggarwal, former Sr Economic Advisor, Govt of India will include representatives from GOI, Gujarat Maritime Board and industry experts

The International Financial Services Centre Authority (IFSCA) has constituted a committee to examine global best practices in financing and leasing of ships, identify opportunities and devise a roadmap to enable such activities from GIFT IFSC.

Gujarat International Finance Tec (GIFT) City is a business district near Ahmedabad in Gujarat. It is country's first operational greenfield smart city and international financial services centre.

This committee, to be chaired by Vandana Aggarwal, former Senior Economic Advisor,  Government of India will include representatives from the Government of India,  Gujarat Maritime Board and industry experts possessing domain knowledge.

India is strategically located on the world’s shipping routes