The India International Exchange (INX) is the country’s first international exchange located at the International Financial Services Centre (IFSC) in Gujarat International Finance Tec-City (GIFT City). INX is a specialized exchange designed to facilitate international financial transactions and provide a platform for various financial instruments.
Key features and functions of INX include:
1. International Jurisdiction: INX operates within the International Financial Services Centre (IFSC) framework, which allows it to have a global jurisdiction, making it attractive for international investors and businesses.
2. 24/7 Operations: INX operates 24 hours a day and seven days a week, aligning with global financial markets and ensuring continuous trading opportunities.
3. Wide Range of Products: INX offers a diverse range of financial products and services, including equities, commodities, currencies, and derivatives.
4. Regulatory Framework: It operates under a robust regulatory framework that provides investor protection and ensures compliance with international standards.
5. Global Accessibility: INX aims to attract global investors and businesses by providing a seamless and efficient platform for international financial transactions.
6. Tax Benefits: The GIFT City, where INX is located, provides various tax incentives and benefits to promote international financial activities.
Overall, the India International Exchange (INX) plays a crucial role in promoting India as an international financial hub and facilitating international trade and investment activities within the country’s borders.
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