Union Budget 2021 provided a massive boost to the International Financial Services Center (IFSC) to translate the government's dream of making India a global hub and attracting foreign direct investment.

Some of the major announcements by the government included a push for the fin-tech hub at GIFT City, tax holiday to aircraft leasing business, and tax incentives for offshore funds to move to Indian financial hubs.

To understand the scope and opportunities as well as the timeline for this to manifest into reality, CNBC-TV18's Nisha Poddar spoke to the chairperson of the regulatory authority of IFSCA, Injeti Srinivas.

Here's what he had to say.

(Edited by : Jerome Anthony)

First Published:Feb 11, 2021 5:08 PM IST