ICNU Signs an MOU with GIFT SEZ

Institute of Commerce, Nirma University (ICNU), a leading institute providing commerce education with specialisations in accounting as well as banking, financial services and insurance (BFSI) signed an MOU with GIFT SEZ Limited, established as India’s first International Financial Services Centre (IFSC) under Section 18 of the Special Economic Zone Act, 2005 (“SEZ Act 2005”).

The MOU sets out the framework agreed between GIFT SEZ and ICNU to operationalise cooperation the areas such as: introducing a course on International financial services centre (IFSCs); conducting programs in financial markets operations along with GIFT and other institutions based out of GIFT IFSC; conducting research in the field of International Banking, International insurance, International capital markets and organising seminars, guest lectures, workshops and conferences for creating awareness on International Financial Services Centre.

Speaking at the event Mr. Dipesh Shah, Chief – GIFT IFSC highlighted that the MOU shall foster common interests of GIFT SEZ and Nirma University and is expected to provide the employers with graduates that are equipped with necessary skills to handle BFSI operations. Outlining the proposed cooperation plan Mr Shah said that the two parties will jointly embark upon a campaign to raise awareness about IFSC activities, organize short training programs for various companies based out of GIFT City. He further appealed to the Nirma University Management to explore the possibilities to open up a Centre at GIFT CITY to be in close proximity with the market to serve their needs on a continuous basis.  

Dean of Institute of Commerce, Prof Udai Paliwal asserted the ICNU commitment to provide best quality education and prepare the students both for the employment and self-employment. Appreciating the GIFT SEZ willingness to work with ICNU in providing cutting edge education in the BFSI domain, he said that this cooperation will be fruitful not only for signatories to the MOU but various stakeholders by providing skilled human resources to the market and facilitating research in the areas of common interest.