Particle.news

Download on the App Store

Israel Finance Minister Explores GIFT City Collaboration on Gujarat Visit

Talks focused on exploratory participation at GIFT City through a proposed joint official team.

Overview

  • Bezalel Smotrich met Chief Minister Bhupendra Patel in Gandhinagar during his three-day visit to India.
  • He toured GIFT City and held detailed talks with IFSCA chair K. Rajaraman and GIFT City MD and group CEO Sanjay Kaul.
  • A Gujarat statement quoted him as seeking to foster business-to-business ties and to explore Israeli institutions’ participation in managing international financial centres such as GIFT City.
  • Patel proposed creating a GujaratIsrael team to advance opportunities spanning banking, insurance, capital markets, fintech and asset management.
  • Officials described the conversations as exploratory with no agreements or investment commitments, and Patel conveyed condolences over recent deaths in Israel.