The finance ministry on Wednesday notified direct listing of Indian companies on GIFT City's exchanges, a move expected to enable startups and unlisted companies access global capital.
Indian companies can now list on the financial hub's India International Exchange and NSE International Exchange at Gandhinagar, the ministry said.
"This policy initiative, to enable listing of Indian companies in GIFT-IFSC, will reshape the Indian capital market landscape and offers Indian companies, especially startups and companies in the sunrise and technology sectors, an alternative avenue to access global capital beyond the domestic exchanges," the finance ministry said in a statement.
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