Page 10 - Bullion World Issue 7 November 2021
P. 10
Bullion World | Issue 07 | November 2021
Success Mantra for
IIBX: Integrate
Domestic Players
and Facilitate
Seamless Two-way
Trade
India International Bullion
Exchange (IIBX) would become
functional soon. For the first
time, three leading exchanges
of India-competitors otherwise-
along with two depositories have
come together to create IIBX. So,
IIBX would have the benefit of
knowledge, network and creativity
of all these five giants. Second, IIBX
housed within IFSC, would easily be
the most cost-efficient marketplace
for bullion in the world, given its
comparative cost advantage over
other international bullion centres.
Third, IIBX is the only centre in
the world that has access to a
source of approximately 25,000
tons of above-the ground gold.
So, shall we say IIBX would be a
resounding success? Yes, certainly
Mr G Srivatsava
CEO & Director, Eventell Global Advisory Pvt Ltd.
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