A 100 per cent subsidiary of Singapore-based RBB Ship Chartering Pte Ltd, RSCPL (IFSC) Private Ltd, has been issued a provisional licence to operate from the International Financial Services Centre (IFSC) in Gujarat International Finance Tec-City (GIFT City) at Gandhinagar, stated an official release Wednesday. RSCPL (IFSC) Pvt Ltd received the maiden provisional licence for ship leasing business in February 2023 and is planning to commence commercial operations before March 2023, the release added. A regulatory framework to enable the ship leasing business in GIFT City has already been put in place. The framework allows leasing entities to offer operating lease, financial lease and hybrid lease. According to Tapan Ray, MD and Group CEO of GIFT City, “Operationalisation of ship leasing businesses will help in creating a conducive ecosystem for international maritime clusters at par with other global maritime hubs. We expect ship leasing businesses will witness a similar trajectory as seen in aircraft leasing & financing vertical.” Raajesh Bhojwani, CEO & MD, RBB Ship Chartering Pte Ltd, Singapore, stated, “The entire team of RBB Ship Chartering Pte Ltd, Singapore, is proud to be the first company to start ship leasing business at GIFT City, Gandhinagar. We are currently a profitable bootstrapped company and our vision is to be a globally-listed entity with revenue of over USD 7 billion by 2027.”
