Digital Tech, New Forms Of Capital Will Help In Shaping Up GIFT City: PM Modi

PM Modi was delivering the inaugural speech virtually at the Infinity Forum 2.0, organised at GIFT IFSC, in the run-up to the 10th edition of the Vibrant Gujarat Global Summit

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The Centre is looking to develop GIFT City as a global financial hub and a virtual offshore destination for startups and investors

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Modi said that the International Financial Services Centres Authority (IFSCA) is also looking at GIFT City to be a global hub for climate financing.

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“According to some estimates, for India to achieve its net zero target by 2070, it will need at least $10 Tn.

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A certain amount of these investments are also required to be financed through global sources.

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The forum was attended by over 300 CXOs, with participation from India and a global audience from over 20 countries, including the US, the UK, Singapore, South Africa, UAE, Australia and Germany.

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the government’s efforts have started showing results, with tech giant Google currently setting up its global fintech operation centre at GIFT.

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