Union Finance Minister Nirmala Sitharaman conducted a high-level review meeting on the advancements of GIFT City, highlighting its significance in integrating India with global financial markets. Various sectors such as banking, capital markets, insurance, fintech, and more were discussed during the meeting.
Sitharaman underscored the role of GIFT City in bolstering India’s economic ambitions and emphasized the need for prompt implementation of futuristic discussions. The financial hub currently accommodates numerous entities across banking, fund management, insurance, aircraft and ship leasing, fintech, and international education.
Officials briefed the Finance Minister on GIFT City’s progress, with over 1,150 entities operating in financial services and technology sectors. The city boasts banking assets exceeding $110 billion and capital commitments in fund management activities surpassing $32 billion.
