GIFT City should look at being a platform for green credits: FM
11-Jan-2024 02:02 PM 5917
Ahmedabad, Jan 11 (Reporter) Stating that GIFT city should look at being a platform for green credits, Union Finance Minister Nirmala Sitharaman on Thursday said that the international financial hub should also aim to build diverse fintech laboratory to achieve the target of India’s economy becoming $30 trillion by 2047. While addressing the seminar ‘GIFT City-An Aspiration of Modern India’, organised as part of the 10th Vibrant Gujarat Global Summit 2024, at Gandhinagar today, the Minister said that India should aim to become manufacturing hub for shipping and there are 8 ship leasing entities working in IFSC GIFT city that would enable access to global finance. Describing GIFT City as a fusion of technology and financial world, the finance minister said there is a need to infuse the advantages of technology into financial services and GIFT City is designed to provide advantages to India’s entrepreneurs in accessing global finance. Sitharaman said that most of the global financial hubs earlier looked at capital only, but the GIFT City has the distinction of getting financial services infused with technology. The Minister said that India is now driving the growth engine of the world and it can become the bridge between the developed Western world and the Global South. She further said that as India continues onwards to the path of financial prominence on the global stage, the people of India want to become innovators and entrepreneurs and added that GIFT City can help in realising these aspirations...////...
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