HSBC’s international financial services centre banking unit (IBU) at GIFT City has entered into a strategic referral arrangement with India INX Global Access IFSC Ltd (India INX GA), strengthening outbound investment access for Indian investors through the IFSC ecosystem.

The partnership aims to provide structured access to international investment products within a regulated framework overseen by the International Financial Services Centres Authority (IFSCA).

Structured global access through IFSC route

India INX GA, a wholly owned subsidiary of India International Exchange (India INX) and a registered Global Access Provider (GAP) with IFSCA, enables eligible Indian investors to invest in overseas markets via GIFT City.

Under the arrangement, HSBC IBU clients will be able to access global investment opportunities through the India INX GA platform, broadening the range of international products available to them.

The collaboration is positioned as a referral model designed to facilitate portfolio diversification beyond domestic asset classes while ensuring compliance and transparency within the IFSC regulatory architecture.

Riding the global diversification wave

The partnership comes amid rising interest among Indian high-net-worth and affluent investors in geographic diversification and exposure to global equities, debt instruments and other asset classes.

Vijay Krishnamurthy, MD and CEO of India INX, said the arrangement strengthens India INX GA’s positioning as an international investment gateway. “As investor appetite for global diversification continues to grow, structured access through trusted global institutions becomes increasingly important,” he said, adding that the exchange remains focused on connecting Indian capital with global opportunities efficiently and compliantly.

For HSBC, the move enhances its international wealth management offering in India. Sandeep Batra, Head of International Wealth and Premier Banking at HSBC India, said the partnership combines HSBC’s global expertise with India INX’s platform capabilities to enable informed cross-border participation.

Boost for GIFT City’s financial hub ambitions

India INX, a subsidiary of BSE Ltd., commenced operations in January 2017 and operates from GIFT International Financial Services Centre (IFSC) in Gandhinagar. It offers trading in equity, debt and derivatives under a global regulatory framework designed for international participants.

The collaboration stresses GIFT City’s evolving role as a gateway for outbound capital flows, as policymakers push to deepen India’s integration with global financial markets while retaining regulatory oversight domestically.