The International Financial Services Centre (IFSC) at in Gandhinagar announced a new collaboration with the Indian Gas Exchange (IGX) and Gujarat State Petroleum Corporation (GSPC). The goal is to jointly develop a Global Hydrogen Price Index.
Developing a Global Hydrogen Trading Platform: GSPC, in conjunction with IGX, will create a platform to enable global institutions to trade hydrogen contracts and derivatives within the GIFT City Special Economic Zone (SEZ). GIFT City is an International Financial Services Centre (IFSC) in India with existing capabilities across banking, capital markets, and other financial verticals.Global Hydrogen Price Index is a benchmark that will enable price discovery and provide key market information to support the growing green hydrogen industry in India. The GIFT International Financial Services Centre (GIFT IFSC) is a financial hub and special economic zone established in 2015 in GIFT City, Gujarat. Spanning 106 hectares, it aims to provide world-class infrastructure and services to financial institutions in banking, insurance, capital markets and asset management.