Gift IFSCA Can Be Gateway To Bring $100 Tn From Global Investors, Says Chairman Rajaraman
Gift International Financial Services Centres Authority (IFSCA) can be the gateway to bring the USD 100 trillion of capital sitting outside India among sovereign funds, pension funds and insurance companies, said K Rajaraman, Chairman, IFSCA.
While speaking at a PHDCCI event, Rajaraman stated that this is the right time for the Indian industry to work towards global investments across the sectors. He said that India has several opportunities staring at us and GIFT city is well poised to serve these.
India needs over USD 10 trillion for green reforms in Industry. Similarly, Indian infrastructure needs massive investment over the next several decades, he added.
Sanjeev Agrawal, President, PHDCCI stated that it is impressed by the growth and potential of Gift as a preferred destination for financial services in India and abroad.
"Gift City represents not just the economic aspirations of Gujarat but also embodies the futuristic vision of India, making strides in finance, technology, and sustainable development," mentioned Agrawal.
Balasubramaniam Venkataramani, Managing Director (MD) and Chief Executive Officer (CEO), NSE IX shared his view on the listing of Indian companies to become globally competitive. He said that through NSE IX companies in India will be able to list on NSE in INR and on NSE IX in USD to raise to raise money from overseas investors.
