What is NSE IFSC-SGX Connect, how it will work? Here's all you need to know

NSE IFSC-SGX Connect is a collaboration between the NSE and the Singapore Exchange (SGX) to bring global investors to India

Prime Minister Narendra Modi launched NSE IFSC-SGX Connect on July 29, 2022 at the International Financial Service Centre (IFSC) in GIFT City, in Gujarat’s Gandhinagar.

During the launch, Modi said, “India is now integrating with the global supply chain and GIFT City is one of the major gateways."

What is NSE IFSC-SGX Connect?

To understand this, let us break the above question into smaller parts. To begin with, let us discuss what is an IFSC.

IFSCs serve customers outside the jurisdiction of the local economy. It helps to deal with the flow of finance, financial services and products across borders.