GIFT City to be the gateway for India's vision to become a developed nation by 2047, Union Minister for Finance and Corporate Affairs Ms. Nirmala Sitharaman at the 10th Vibrant Gujarat Global Summit in Gandhinagar

Union Minister for Finance and Corporate Affairs, Ms. Nirmala Sitharaman, emphasized GIFT City's pivotal role as a financial gateway, aligning with India's 2047 development vision, during the 10th Vibrant Gujarat Global Summit. From Prime Minister Mr. Narendra Modi's 2007 vision, GIFT City has become a prominent international financial hub. She outlined Prime Minister Mr. Narendra Modi's green technology vision for GIFT City, advocating its role in facilitating green credits and establishing a diverse fintech laboratory to propel India's economy to US$ 30 trillion by 2047. Highlighting GIFT City's growth, She noted its expanding International Financial Services Centres, encompassing exchanges, banks, aircraft leasing, fund managers, professional service providers, and fintech entities. She urged India to become a manufacturing hub for shipping, with GIFT City housing eight ship leasing entities. Acknowledging retail participation in Indian stock markets as a significant financial reform, She characterized GIFT City as a fusion of technology and finance, uniquely integrating financial services with technology for global finance accessibility and innovation.

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