Central Depository Services (India) (CDSL), National Stock Exchange of India (NSE), The Multi Commodity Exchange of India (MCX), India INX International Exchange (IFSC) (India INX) and National Securities Depository (NSDL) have signed a Memorandum of Understanding (MoU) for setting up Market Infrastructure Institutions comprising of International Bullion Exchange, Clearing Corporation and Depository at Gujarat International Finance Tec-City Trade (GIFT) City in line with the Government of India objective to make India a price setter in bullion through GIFT International Finance Service Centre (IFSC) and in accordance with the International Financial Services Centres Authority (Bullion Exchange) Regulations, 2020 and other applicable laws.
CDSL was set up with the objective of providing convenient, dependable and secure depository services at affordable cost to all market participants.
