International Financial Services Centre At GIFT City India’s Global Financial Hub: FM

New Delhi, Sep 16 (KNN) Finance Minister Nirmala Sitharaman on Monday underscored the role of GIFT City International Financial Services Centre (IFSC) as a global financial hub during a meeting with the top management of HSBC Plc. 

The discussion focused on India’s roadmap towards Viksit Bharat, Atmanirbhar Bharat, sustainability, innovation, adoption of artificial intelligence (AI), and inclusivity.

HSBC Group Chairman Mark E. Tucker and the Board Members of the UK-based financial services firm met the Finance Minister in Gandhinagar, Gujarat, where GIFT IFSC is located. 

The dialogue centred on government policy initiatives, and HSBC’s role in supporting the country’s financial ecosystem, according to a statement from the Finance Ministry.

The HSBC delegation appreciated India’s sustained economic growth, highlighting recent regulatory and taxation reforms across both direct and indirect taxes. 

The discussion also addressed India’s ambition to strengthen global value chains. 

HSBC reiterated its commitment to supporting initiatives such as Make in India, Startup India, green energy projects, AI adoption, and the digital and creative economy, offering financing, innovation, and international linkages to facilitate growth.

Sitharaman emphasised the strategic importance of GIFT IFSC in positioning India as a competitive player in global financial services while fostering sustainable and inclusive economic development.

(KNN Bureau)