INDUSTRIAL VISIT GUJRAT GIFT CITY
INDUSTRIAL VISIT GUJRAT GIFT CITY (9-10 October 2023)
Students of Symbiosis University of Applied University Indore orgnanised a two day Industry visit to GIFT CITY Ahmedabad. Student visited to highly financial importance organisation like NSE IX and INDIA INX along with Science City Ahmedabad. Total 24 students visited with one faculty coordinator Dr. Ajay Mishra under the guidance of Dr. Ajit Singh Tomar. The detailed report regarding the trip is given below.
Learning outcomes for students of BFSI
NSE IX- Students learned the about the functioning of Stock exchanges operating in the GIFT IFSC which is permitted to offer trading in securities in any currency other than the Indian rupee. This is the exchange offer the facility to trade for 22 hours in a day run by NIFTY.
INDIAN INX- It was a great experience while learning about INDIAN INX as it offers trading in various asset classes, including equities, currencies, and commodities. It operates for 22 hours a day, allowing investors from different time zones to trade at their convenience.
IFSCA– We learned there about its functions mainly provide financial services to international clients as well as support services such as law, accountancy and technology. An IFC has to be attractive to businesses not operating in the jurisdiction and meet a number of inter-related requirements, mainly relating to stability and resources.
AWCS- A unique experience to learn about the Automated Waste Collection System is a smart way of collecting and tracking waste thus providing hospitals and collectors an easy way to manage waste.
Science City- Very informative and helpful in creating awareness to nature and the basic understandings of environment and scientific development of the society.
Schedule of the visit
DEPARTURE (08/10/2023) at10:30 pm from Indore
DAY 1 – 9th October Arrived at Gujarat First Industry visit
NSE INTERNATIONAL EXCHANGE (NSE IX)
The GIFT CITY Project is known as the most favorite project of the PM Sri Narendra Modi ji As so the stock exchanges as well. The NSE International was established November 2016 Its main role is to gain international investors.
AWCS AUTOMATED WASTE COLLECTION SYSTEM
The AWCS was established in year 2008 in order to keep the city clean and make the most out Of resources it is the world fist machine which performs In a way that it becomes easy to recycle and reuse the wast effectively and efficiently.
INDIAN INX ( INDIAN INTERNATIONAL EXCHANGE )
The Indian INX was established in the year 2017 with the aim of providing The world class trade to the international investors. The international investor who is willing to trade here doesn’t even require PAN number. The investor is free from taxes like CST, GST and other charges etc.
FOURTH AND FINAL VISIT OF THE DAY
THE IFSCA ( INTERNATIONAL FINANCIAL SERVICES CENTRES AUTHORITY )
The IFSCA is the regulatory authority and was established in the year 2010 By the parliamentary act.
The main objective of the IFSCA is to develop a strong global connect and Focus on the needs of Indian economy.
TO SCIENCE CENTRE AHMEDABAD GUJRAT
The visit to aqua park where their were a lot of variety of fishes which is generally Never seen anywhere around. There were different types of aquatic animals with different special abilities. The visit to EARTH park where there were different types of rooms which were present To get different types of experience like EARTHQUAKE ROOM.
Return to SUAS Indore at 10:30 pm