Dynamite News
GIFT-IFSC an attractive entry point for India says its chairman Srinivas
A special economic zone in India is emerging as an attractive entry point for foreign financial and institutional companies. Read more on Dynamite News:
Washington: A special economic zone in India is emerging as an attractive entry point for foreign financial and institutional companies’ investors and in the next five years it will be without doubt in the top 10 international financial centres in the country, the chairman of the centre has said.
Injeti Srinivas is the chairman of the International Financial Services Centre (IFSC) at GIFT City (Gujarat International Finance Tec-City). He is leading a delegation of senior officials to the US for meetings and roundtable discussions with American and global investors, and banking and educational institutions for business opportunities.
“I think in the next five years, IFSCA will clearly establish itself as a very attractive entry point for India. It will start emerging as an international financial centre for even non-India businesses... In five (years) it will be without doubt in the top 10 international financial centres in terms of volumes,” IFSCA chairman Injeti Srinivas said in an interview as he concluded his five-day trip to the US.
During his trips to York and Washington DC, Srinivas and his delegation had a series of meetings with representatives of the top US-based Funds industry, officials from various wings of US Government in particular financial institutions and regulators, World Bank, International Monetary Fund, and leaders from TiE and US India Business Council members. (PTI)