IFSCA Releases Two Key Technology RFPs — ERP & DRR System Tenders

As part of its ambitious digital transformation journey, the International Financial Services Centres Authority (IFSCA) has taken a significant step forward by releasing two major tenders that invite applications from qualified technology solution providers. This move is a strategic initiative aimed at enhancing operational efficiency and improving service delivery within the financial sector, particularly in the context of India’s burgeoning International Financial Services Centre (IFSC) located at GIFT City.

1. 📌 IFSCA ERP System Tender

   In a bid to streamline its internal processes and enhance overall productivity, IFSCA has issued a Request for Proposal (RFP) under the reference number IFSCA/Technology/2025/002. This RFP seeks to select a capable System Integrator (SI) who will be responsible for the comprehensive design, development, implementation, and ongoing maintenance of an enterprise-level ERP (Enterprise Resource Planning) platform. The chosen solution is expected to integrate various functions across the organization, thereby facilitating improved data management, real-time reporting, and better decision-making capabilities.

   🗓️ Submission Deadline: 04 August 2025

   📍 Details: For further information regarding the RFP, interested parties can visit the [RFP Portal – ifsca.enivida.com].

   This portal will provide essential insights into the requirements, evaluation criteria, and submission procedures associated with the tender.

   
   

2. 📌 Digital Regulatory Reporting (DRR) System Tender

   Additionally, IFSCA has called for bids under reference number IFSCA/Technology/2025/001 for a comprehensive Digital Regulatory Reporting (DRR) solution. This initiative is aimed at establishing a robust framework for regulatory reporting that encompasses not only the deployment of the system but also its ongoing operations and maintenance. The DRR system is intended to enhance the accuracy and efficiency of regulatory submissions, thereby ensuring compliance with the evolving regulatory landscape and supporting the overall integrity of the financial services sector.

   🗓️ Submission Deadline: 31 July 2025

   📍 Details: For more information on this tender, interested vendors can visit the [RFP Portal – ifsca.enivida.com].

   The portal will contain detailed documentation outlining the scope of work, technical specifications, and other pertinent information necessary for the bid submission.

   
   

These initiatives represent a significant commitment by IFSCA to foster digital governance and operational transparency, which are critical components for the success of India’s first International Financial Services Centre at GIFT City. By investing in modern technological solutions, IFSCA aims to create a more agile and responsive regulatory environment that can adapt to the fast-paced changes in the global financial landscape.

Moreover, GIFT CFO is positioned to assist eligible vendors throughout the application process by providing crucial support in areas such as compliance with tender requirements, documentation assistance, and project advisory services. This support is invaluable for organizations looking to navigate the complexities of the tender submission process effectively.

📩 For any inquiries or guidance related to the tender applications, please feel free to reach out to us via email at info@giftcfo.in. Our team is ready to assist you in ensuring a smooth and successful application process.