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Experts' panel for development of int'l retail business in IFSC
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SME Times News Bureau | 03 Aug, 2020
The International Financial Services Centres Authority (IFSCA) on
Monday announced the creation of a seven-member committee of experts for
the development of international retail business in the International
Financial Services Centre (IFSC).
The committee will be headed by Pradip Shah, the Chairman of Indasia Fund Advisors Pvt Ltd.
The
other members of the panel include G. Srinivasan (Ex-CMD, New India
Assurance), Siddhartha Sengupta (Ex-DMD, State Bank of India) and
PWCIndia Chairman Shyamal Mukherjee.
Prakash Subramanian (Head of
Strategy at Standard Chartered Bank), Dipesh Shah (Head of the IFSC
Department, GIFT IFSC) and Nitin Jaiswal (Head of Govt Affairs &
Strategic relations for Bloomberg in Singapore) are the other members on
the panel.
The panel would suggest how to develop international
retail business in IFSC along with potential strategies for making IFSC
attractive for international financial services and provide a roadmap
for the future growth of international retail business in the IFSC.
"The
committees may also examine and recommend any other issues which are
important though not specifically mentioned in the terms of reference,"
said an IFSCA statement.
It may invite industry experts as special invitees on a "need basis" under intimation to IFSCA.
The committee will submit its report along with recommendations within three months, said the statement.
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