In May 2025, the Ministry of Education (MoE) has approved the establishment of an off-campus centre of New Delhi (Delhi)-based Indian Institute of Foreign Trade (IIFT), at Gujarat International Finance Tec-City- International Financial Services Centre (GIFT-IFSC) in Gandhinagar, Gujarat.
- The newly approved centre will be established in accordance with the UGC (Institutions Deemed to be Universities) Regulations, 2023.
- The approval was granted by MoE under Section 3 of the UGC Act, 1956, signify a major step in expanding India’s capacity for specialized education in international trade.
- This new initiative is in alignment with the targets of the National Education Policy (NEP 2020), which aims to promote multidisciplinary education and widens access to high-quality education.
Key Points:
i.This approval for new campus centre comes after IIFT successfully complied with the conditions outlined in the Letter of Intent (LoI) issued in January 2025.
ii.The new GIFT City complex will be based on the 16th and 17th floors of GIFT Tower2 located in the domestic tariff area of the GIFT campus.
iii.It will provide IIFT’s flagship Master Business Administration (MBA) (International Business) programme and will also offer specialized short-term training courses and research in international business and related fields.
Monarch Networth Capital IFSC Secures IFSCA FME (Retail) License to Expand Fund Management Services
In May 2025, Monarch Networth Capital IFSC Private Limited, 100%-owned subsidiary of Ahmedabad (Gujarat) based Monarch Networth Capital Limited (MNCL) Group, has received the Certificate of Registration (CoR) to operate as a Registered Fund Management Entity (FME)(Retail) from Gandhinagar (Gujarat)-based International Financial Services Centres Authority (IFSCA).
- Now, MNCL Group is the first non-Asset Management Company (non-AMC) in India’s financial services sector to receive this license at GIFT IFSC.
Key Benefits:
i.The CoR will now allow MNCL Group to expand its offerings in the fund management business through introduction of value-added and internationally competitive products.
ii.Monarch IFSC is now authorised to undertake diverse range of fund management activities, including investing in securities and financial products, managing and launching retail investment schemes, among others.
iii.It is empowered to undertake activities for FME (Non-Retail) like launching restricted schemes, special situation funds, and Portfolio Management Services (PMS) including multi-family office structures.
About Indian Institute of Foreign Trade (IIFT):
It was established in 1963 under the Ministry of Commerce & Industry (MoC&I), which is dedicated to capacity building in international trade.
Chancellor- Sunil Barthwal
Headquarters- New Delhi, Delhi
About Ministry of Education (MoE):
Union Minister- Dharmendra Pradhan (Constituency- Sambalpur, Odisha)
Minister of State (MoS)- Jayant Chaudhary (Rajya Sabha- Uttar Pradesh, UP); Dr. Sukanta Majumdar (Constituency- Balurghat, West Bengal, WB)
