The International Financial Services Centres Authority (IFSCA) is intensifying its focus on ensuring that GIFT City remains a vibrant, active financial hub. Rather than allowing the center to become a “paper address,” the regulator has begun asking dormant entities to voluntarily surrender their licenses if they have no clear intent to operate. In an article published in Mint, our Partner Ketaki Gor Mehta highlights how this move reinforces the integrity of the IFSC ecosystem.