Photo of Shambhawi Mishra

Senior associate in the General Corporate Practice at the Singapore office of Cyril Amarchand Mangaldas. Shambhawi advises on mergers & acquisitions, private equity investment, venture capital investment and general corporate advisory. She can be reached at

Gift City

On October 11, 2022, the International Financial Services Centres Authority (“Authority”) notified the International Financial Services Centres Authority (Setting up and Operation of International Branch Campuses and Offshore Education Centres) Regulation, 2022 (“IBC-OEC Regulation”), permitting foreign universities and educational institutions to open a branch in Gujarat International Financial Tec-City (“GIFT City”) in Gandhinagar, Gujarat. This stems from the proposal to allow the entry of foreign universities and institutions in GIFT during the FY 23 Union Budget announcements.

Continue Reading Gift City: Foreign Universities’ Gateway to India?