New Delhi Prime Minister Narendra Modi on Friday gave a strong push to India’s goal of emerging as a strong player in global finance by unveiling new facilities in Gujarat’s business district GIFT City, which houses an international financial services hub.
Modi laid the foundation stone of International Financial Services Centers Authority (IFSCA) headquarters, launched the first international bullion exchange in the country and launched a framework between GIFT International Financial Services Center (IFSC) and NSE’s subsidiary in Singapore Exchange Limited (SGX) did. , Gujarat Chief Minister Bhupendrabhai Patel and Union Finance Minister Nirmala Sitharaman were also present at the event.
Policy makers are keen to establish global financial services centers such as London and Singapore in Indian business centers as well. Modi told the gathering that this day is important for India’s growing economic and technological power. “Today, in GIFT City, the foundation stone of IFSCA Headquarters building has been laid. I believe that as grand as this building is in its architecture, it will also create unlimited opportunities to make India an economic superpower.”
Modi said IFSC will spur innovation and will be a catalyst and catalyst for growth. Modi said the institutions and platforms launched today will help 1.3 billion Indians connect with the modern global economy. “India is now entering the league of countries like US, UK and Singapore which are guiding global finance,” Modi said.
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