Gujarat: HSBC’s International Financial Services Center Banking Unit (IBU) at Gujarat International Finance Tech-City (GIFT City) has officially announced a strategic referral arrangement with India INX Global Access IFSC Ltd (India INX GA) to strengthen outbound investment access for Indian investors through the IFSC ecosystem. The partnership aims to provide structured access to international investment products within a regulated framework under the supervision of the International Financial Services Centers Authority (IFSCA). The collaboration aims to enhance GIFT City’s changing role as a gateway for outbound capital flows, as policymakers look to deepen India’s integration with global financial markets while maintaining regulatory oversight at home.
India INX, a subsidiary of Bombay Stock Exchange Ltd (BSE Ltd), commenced operations in January 2017 and operates from the GIFT International Financial Services Center (IFSC) in Gandhinagar. It offers trading in equities, debt and derivatives under a global regulatory framework designed for international participants based abroad. India INX GA also helps eligible Indian high-net-worth and affluent investors provide geographic diversification and exposure to global equities, debt instruments and other asset classes to invest in overseas markets through GIFT City. Under this partnership, HSBC IBU clients India will be able to access global investment opportunities through the INX GA platform, expanding the range of international products available to them.
The tie-up is structured as a referral model, designed to facilitate portfolio diversification beyond the domestic asset class while ensuring compliance and transparency within the IFSC regulatory architecture. Vijay Krishnamurthy, MD and CEO, India INX, said the arrangement strengthens India INX GA’s positioning as an international investment gateway. “As investor appetite for global diversification grows, structured access through a trusted global institution is becoming even more important,” Krishnamurthy said, adding that the exchange is focused on connecting Indian capital to global opportunities in an efficient and regulatory manner. Commenting on the development, Sandeep Batra, Head of International Wealth and Premier Banking, HSBC India, said, “This partnership combines HSBC’s global expertise with India INX’s platform capabilities to enable informed cross-border participation. “This move enhances HSBC’s international wealth management offering in India.”
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