Ministry of Finance
Union Finance Minister Smt. Nirmala Sitharaman to lead a team of Secretaries, GoI for discussions at GIFT City, Gandhinagar tomorrow
- The role of GIFT-IFSC as gateway to global financial services for Indian corporates within India
- Attracting global financial business to India and
- Growth as Fintech global hub.
The Union Finance Minister will also be visiting key infrastructure facilities at GIFT City and interacting with various stakeholders/ entities having presence in the IFSC. The visit underlines the commitment of GoI towards developing GIFT-IFSC as India’s premiere financial services Centre and dominant gate way for global financial flows into and out of India. The discussions will bring together a confluence of ideas and strategies for faster development of GIFT-IFSC which was created with the vision of onshoring offshore financial activities and thus embodies the spirit of Atmanirbhar Bharat.
In pursuit of the vision, collaborative efforts have been made by GoI, Government of Gujarat, GIFT City and International Financial Services Centre Authority (IFSCA), the unified financial sector regulator for GIFT-IFSC, to provide world class financial regulations, vibrant infrastructure, competitive tax regime and a plethora of opportunities for exploring innovative and diverse financial products and services such as aircraft leasing, bullion trading and global in-house centers. With some of the best-in-league infrastructure for incubation of start-ups in the form of Fintech accelerators and lab and with global events such as ‘IFSC Beyond Boundary Fintech festival’ and hackathons being on the anvil, GIFT-IFSC is rapidly emerging as a thriving Fintech hub in the region.