GIFT City and NFSU Team Up for Cyber Security and Forensics Excellence
Gujarat International Finance Tech-City (GIFT City) and the National Forensic Sciences University (NFSU) have entered into a collaboration to enhance expertise in international arbitration, fraud investigation, data security, cyber security, and anti-money laundering.
Strategic Alliance
Under the leadership of Tapan Ray, Managing Director and Group CEO of GIFT City, and NFSU’s Vice Chancellor, Padma Shri JM Vyas, a Memorandum of Understanding (MoU) was signed between the two premier institutions at GIFT City, Gandhinagar.
Tapan Ray stated, “This partnership reflects our shared vision of promoting learning and creating a progressive environment for finance and technology, thereby elevating the GIFT City ecosystem. The establishment of a Centre of Excellence (CoE) in Corporate Forensics, focusing on cyber forensics, fintech, forensic accounting, and international arbitration, will significantly strengthen expertise within GIFT City.”
Key Initiatives
Prof SO Junare, Campus Director, NFSU-Gandhinagar, noted that the MoU will spearhead several key initiatives, including the establishment of a Centre of Excellence in Corporate Forensics. This centre will focus on international arbitration, cyber security, cyber forensics, fintech, and financial forensics.
“Tailored training programmes and skill development initiatives will be designed for entities in GIFT City. The partnership will also promote the exchange of faculty and officers and the organisation of symposia, conferences, workshops, short courses, and research meetings. Joint research, consultancy, and continuing education programmes will be conducted, along with the sharing of information on teaching, student development, and research advancements,” he said.
About GIFT City
GIFT City, India’s first operational smart city and maiden International Financial Services Centre (IFSC), is a global financial and IT services hub, a first of its kind in India, designed to be at or above par with globally benchmarked business districts. As a leading Central Business District (CBD), GIFT City offers significant advantages such as reduced operational costs, favourable tax policies, and a vibrant community, making it the top choice for global and domestic companies in BFSI, IT/ITeS, fintech, international education, and other service sectors.
A ‘Project of National Importance’, GIFT City encompasses office spaces, residential areas, schools, hospitals, hotels, clubs, retail outlets, and recreational facilities, creating a truly ‘walk-to-work’ environment. Pioneering innovations and sustainable solutions implemented in GIFT City, such as the District Cooling System, Automated Waste Collection System, and Utility Tunnel, have set new standards in urban development.
Doubts Revealed
GIFT City -: GIFT City stands for Gujarat International Finance Tech-City. It is a special area in Gujarat, India, designed to be a hub for financial and technology services.
NFSU -: NFSU stands for National Forensic Sciences University. It is a university in India that specializes in teaching and researching forensic science, which is the science of solving crimes.
Cyber Security -: Cyber security is the practice of protecting computers, networks, and data from bad people who try to steal or damage them.
Forensics -: Forensics is the use of science to solve crimes. It includes things like analyzing fingerprints, DNA, and other evidence to find out what happened.
International Arbitration -: International arbitration is a way to solve disputes between people or companies from different countries without going to court. Experts help them agree on a solution.
Fraud Investigation -: Fraud investigation is the process of looking into activities where someone tries to cheat or deceive others to gain money or benefits.
Data Security -: Data security means keeping information safe from being accessed or changed by people who are not supposed to see it.
Anti-Money Laundering -: Anti-money laundering involves actions and laws to stop people from making illegal money look like it came from legal sources.
Centre of Excellence in Corporate Forensics -: A Centre of Excellence in Corporate Forensics is a special place where experts study and teach how to use science to solve crimes related to businesses.
Tapan Ray -: Tapan Ray is a person who leads GIFT City. He helps make decisions and plans for the area.
Padma Shri JM Vyas -: Padma Shri JM Vyas is a respected person who leads NFSU. ‘Padma Shri’ is an award given by the Indian government to honor his contributions.
