An IFSC enables bringing back the financial services and transactions that are currently carried out in offshore financial centers by Indian corporate entities and overseas branches/subsidiaries of financial institutions (FIs) to India. These institutions do this by offering business and regulatory environment that is comparable to other leading international financial centers in the worldlike London and Singapore. It would provide Indian corporates easier access to global financial markets. What are the services an IFSC can provide? Fund-raising services for individuals, corporations and governments . Asset management and global portfolio diversification undertaken by pension funds, insurance companies and mutual funds. Wealth management. Global tax management and cross-border tax liability optimization, which provides a business opportunity for financial intermediaries, accountants and law firms. Global and regional corporate treasury management operations that involve fund-raising, liquidity investment and management and asset-liability matching. Risk management operations such as insurance and reinsurance . Merger and acquisition activities among trans-national corporations .