PM Modi to inaugurate much-awaited NSE-SGX Gift Connect on Friday

GIFT City recently signed a letter of intent (LoI) with the University of Wollongong (UOW) for establishing a location for teaching, research and industry engagement

After being deferred by over a fortnight, the National Stock Exchange International Financial Service Centre (IFSC) SGX Connect is set to be launched on Friday by Prime Minister Narendra Modi.

With this, the NSE and Singapore Exchange (SGX) are set to bring SGX Nifty trading at Gujarat International Finance Tec-City (GIFT City). The inauguration, which was supposed to happen on July 15, was postponed due to flood situation in Gujarat.

The NSE IFSC-SGX Connect, which has been in the works for over four years, will route trading in Nifty derivatives contracts that take place in Singapore to India through the