During her visit to Gandhinagar’s GIFT City, Union Finance Minister Nirmala Sitharaman called for rapid reforms to elevate India’s International Financial Services Centre into a globally competitive hub. She stressed using India’s tech prowess and large domestic market to draw foreign capital, sovereign/pension funds, HNWIs, and strengthen the India International Bullion Exchange (IIBX). Regulatory and market leaders were urged to streamline operations and align financing products with global standards.
A key emphasis was placed on transforming GIFT City into a smart, sustainable financial district, capable of attracting skilled professionals and building robust infrastructure. If successful, this vision stands to significantly advance India’s position in global finance, boost forex inflows, and catalyze fintech and bullion markets.
