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Overview Union Finance Minister Nirmala Sitharaman chaired a high-level review meeting at GIFT City to assess the progress of Indias international financial services hub and discuss measures to strengthen its global competitiveness. The meeting focused on banking, capital markets, insurance, fund management, fintech, aircraft leasing, and infrastructure development. Officials highlighted that GIFT City now hosts over 1,150 entities with banking assets exceeding USD 110 billion, reinforcing its
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FAQ :
The meeting was held to review the progress of GIFT City, India's international financial services hub, and to discuss measures for strengthening its global competitiveness.
The meeting focused on banking, capital markets, insurance, fund management, fintech, aircraft leasing, and infrastructure development.
GIFT City currently hosts over 1,150 entities across financial services, technology, and allied sectors.
Banking assets at GIFT City have exceeded USD 110 billion.
The Finance Minister highlighted GIFT City's strategic importance in deepening India's integration with global financial markets and facilitating international capital flows.
Attendees included the Principal Secretary to the Prime Minister, the Deputy Chief Minister of Gujarat, senior officials from various ministries and government bodies, and the Chairman of GIFT City and IFSCA.
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