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ARTICLE · 16 JANUARY 2023

GIFT – IFSCA Permits Entry Of Foreign Universities And Educational Institutions

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The International Financial Services Centre Authority ("IFSCA") by a notification dated October 11, 2022 introduced the IFSCA (Setting up and Operation...

IndiaFinance and Banking
Bhuvana Veeraragavan
Bhuvana Veeraragavan
Sukeshi Singh
Sukeshi Singh
Naga Sai Srikar HK
Naga Sai Srikar HK
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The International Financial Services Centre Authority ("IFSCA") by a notification dated October 11, 2022 introduced the IFSCA (Setting up and Operation of International Branch Campuses and Offshore Education Centres) Regulations, 2022 ("Regulations"), paving way for the setup of foreign universities and foreign educational institutions in India for the first time. The key highlights of the Regulations are:

  • Regulations are applicable to 'Foreign University', a university established outside India, accredited to award degree for courses in permissible subject areas, or a 'Foreign Educational Institution' authorized to offer courses in permissible subject areas, seeking registration to set up International Branch Campus ("IBC") or an Offshore Educational Centre ("OEC"), on a stand-alone basis in Gujarat International Finance Tec-City ("GIFT IFSC").

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