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IFSCA seeks vast changes to develop commodity trading hub at GIFT-IFSC
Business Standard
|January 03, 2026
Proposed changes to bring commodity markets within unified regulatory framework
As India looks to reclaim ground in commodity trading, the International Financial Services Centres Authority (IFSCA) has sought a series of regulatory changes from the government to deepen commodity trading and participation at GIFT-IFSC.
The proposals, drawn from an earlier report submitted by an expert committee, are aimed at positioning the Gujarat-based financial hub as a global centre for commodity trading. A central recommendation is to notify commodity trading as a "financial product" under the IFSCA Act, alongside classifying warehousing and commodity broking as "financial services".
According to the Authority, this change would bring commodity markets within a unified regulatory framework.
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