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

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

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

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

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

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.

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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