Overview

• In a high-level review on June 26, Finance Minister Nirmala Sitharaman urged unified regulators to speed up reforms to attract high-net-worth, sovereign, and pension fund investments into GIFT City.
• She called for expanding stakeholder participation and enhancing price discovery at the India International Bullion Exchange to establish it as a global bullion hub.
• Sitharaman underscored the need to build world-class, sustainable infrastructure to transform GIFT City into a dynamic smart city that draws domestic and foreign talent.
• On June 27, N.R. Narayana Murthy visited offshore campuses at GIFT City and advocated deeper collaboration between academia and industry to foster fintech innovation.
• Infosys’s new GIFT City development centre will offer a hybrid working environment for over 1,000 employees, positioning the IFSC as a techfin hub for global banking and finance solutions.