Which has become the first foreign university to receive approval of the International Financial Services Centres Authority (IFSCA) to set up an International Branch Campus (IBC) in GIFT-IFSC, GIFT City, Gujarat?

### Concept & Institutional Approvals To internationalize Indian higher education, the government allows top foreign universities to set up campuses in India, specifically starting with the GIFT City special economic zone. ### Step-by-Step Solution * **Identify the Initiative:** The IFSCA (International Financial Services Centres Authority) is the regulatory body for GIFT City, Gujarat. * **Identify the First University:** Australia's **Deakin University** became the very first foreign educational institution to receive official approval from IFSCA to establish an International Branch Campus (IBC) in India. * **Verification:** This was a landmark event in India-Australia bilateral relations and India's National Education Policy (NEP) 2020 rollout. ### Exam Strategy & Shortcut Associate "GIFT City Foreign University" with Australia. The first two universities approved were both Australian: Deakin University (1st) and University of Wollongong (2nd). ### Common Pitfall Guessing prestigious universities like NUS or Tokyo University based on global rankings rather than tracking specific bilateral educational agreements. ### Final Answer Therefore, the correct answer is **Deakin University, Australia**.