New Delhi, Oct. 8 -- One of the key initiatives in the pipeline for the GIFT City regulator is to bring global commodity trading to India-a segment currently dominated by offshore jurisdictions, said K. Rajaraman, chairperson of the International Financial Services Centres Authority (IFSCA).

"If India aims to become a manufacturing hub, it must also emerge as a strong participant in the global commodity trading market," Rajaraman said in an interview with Mint on the sidelines of the Global Fintech Fest 2025.

The range of commodities that could be traded at GIFT IFSC may include electronic components such as resistors, capacitors, and chips, as well as energy products like hydrogen, ammonia, crude oil, and natural gas. High-volume agric...