<h1>IFSCA Report Proposes Strategies to Attract Indian Startups to GIFT IFSC, Aiming for Global Fintech Leadership.</h1> A committee established by the International Financial Services Centres Authority (IFSCA) submitted a report on August 14, 2023, focusing on onshoring Indian startups to the GIFT IFSC. Chaired by a former RBI executive, the committee included experts from various sectors. The report addresses reasons for Indian startups moving abroad and offers strategies to encourage their return, aiming to make GIFT IFSC a global Fintech hub. It compares India's holding company setups with other jurisdictions and suggests aligning tax and regulatory laws with global standards. The insights aim to support India's economic growth and align with the Prime Minister's vision for a $5 trillion economy.