Nirmala Sitharaman to visit IFSC-GIFT City on November 20, meet with stakeholders

Finance Minister Nirmala Sitharaman will visit India’s first-ever International Financial Services Center (IFSC) in GIFT City on Saturday and interact with stakeholders.

She will lead a team of seven secretaries from the Ministry of Finance and Ministry of Trade Affairs to discuss IFSC development and growth issues at GIFT City, Gandhinagar, on November 20. Ministers of State for Finance, Pankaj Chaudhary and Dr Bhagwat Kishanrao Karad would also join the discussions.

Discussions are expected to focus on GIFT-IFSC’s role as a gateway to global financial services for Indian businesses in India, attracting global financial firms to India and growing as a global fintech hub, said the Ministry of Finances in a series of tweets.

“FM Smt. @Nsitharaman will lead a team of seven secretaries from @FinMinIndia and the Ministry of Trade Affairs to discuss development and growth issues of India’s first-ever International Financial Services Center (IFSC) at GIFT City, Gandhinagar tomorrow,” he tweeted.

Sitharaman will visit key facilities and interact with various stakeholders present at IFSC. The visit underscores the government’s commitment to develop GIFT-IFSC as India’s premier financial services hub and the dominant gateway for global financial flows in and out of India.

The discussions will bring together a confluence of ideas and strategies for a faster development of GIFT-IFSC, which was created with the vision of offshoring offshore financial activities and thus embodies the spirit of Atmanirbhar Bharat, said the ministry in a tweet.

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