Sitharaman reviews GIFT City's position as globally competitive business hub
This story was originally published at 21:41 IST on 22 May 2026
Register to read our real-time news.Informist, Friday, May 22, 2026
NEW DELHI – In a review meeting on Friday, Finance Minister Nirmala Sitharaman urged stakeholders to further strengthen GIFT City's position as a globally competitive international financial and business hub. During the meeting, presentations were made on the progress achieved by GIFT City across sectors including banking, capital markets, fund management, insurance and reinsurance, aircraft and ship leasing, fintech, bullion exchange, international education and allied services.
The meeting was attended by Principal Secretary to the Prime Minister, P.K. Mishra, Deputy Chief Minister of Gujarat Harsh Sanghavi, Expenditure Secretary V. Vualnam, Economic Affairs Secretary Anuradha Thakur, Revenue Secretary Arvind Shrivastava, Chairman of GIFT City Uday Kotak, and Chairman of International Financial Services Centres Authority K. Rajaraman.
Sitharaman said GIFT City is strategically important for deepening India's integration with global financial markets and facilitating international capital flows into the country. She also said that India offers a unique combination of scale, technology, talent and growth opportunities. End
Reported by Sagar Sen
Edited by Akul Nishant Akhoury
For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.
Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd. by NSE Data & Analytics Ltd., a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt. Ltd.
Informist Media Tel +91 (11) 4220-1000
Send comments to feedback@informistmedia.com
© Informist Media Pvt. Ltd. 2026. All rights reserved.
To read more please subscribe
Share this Story:
