Gujarat International Finance Tech-City (GIFT City) in Gujarat has welcomed the passing of the International Financial Services Centres Authority Bill, 2019 by Lok Sabha yesterday. <br />''<br />''Managing Director and Chief Executive Officer of GIFT City- India's only IFSC- the international financial Services Centre- Mr. Tapan Ray said that the International Financial Services Centres Authority Bill, 2019 passed by Lok Sabha is a welcome step. <br />''<br />''He said, this will further accelerate and fast track development of the IFSC at GIFT City- India's operational International established financial centres by providing the necessary ease of doing business. He thanked the Government of India, Ministry of Finance and Government of Gujarat for their continued support to GIFT City.<br />''<br />''Lok Sabha yesterday gave its nod to the International Financial Services Centres Authority Bill that seeks to ensure setting up of an independent authority at Gujarat International Finance Tech-City (GIFT City) in Gandhinagar.<br />