Ahmedabad: Cleaning Three Authority Authority Authority International Financial Services (IFSCA) on Saturday, Nirmala Union Finance Minister Sitharaman stated that greater coordination in certain aspects was needed among the exchange authorities and different regulators for the development of the city of Gandhinagar.
These aspects are not a big problem, FM who made their first visit to the city gift, quickly added, “It is possible to sit around the table and sort everything.
That is the understanding that we have all (today).” Three proposals worth Rs 500 Crore included sanctions RS 269 Crore for supervisory technology funds for IT infrastructure, 200 crore Hospital for IFSCA head office buildings in the City of Gift and Fintech RS 45.75 Crore scheme.
FM was also told that gold exchanges will soon appear on the prize.
FM, which was accompanied by the Union of State Minister for Pankaj Chaudhary and Dr.
Bhagwat Kishanrao Karad and seven of the Ministry of Finance and Corporate Affairs, registered four points.
“First, the Stock Exchange needs to talk among themselves.
Second, the regulator, the weather is SEBI or RBI or the Insurance Regulator (Irdai) needs to speak among themselves.
Third, startups must be taken to and the four regional development outside the IFSC (center International financial services) but in the gift city, “he said.
He suggested that the Gujarat government had to be involved with a leading startup, not only those who had a Fintech room, from Bengaluru, Hyderabad, Gurgaon, among others and took them to the gift city, which would help create a Global Financial Hub fora ecosystem.
Referring to a bilateral meeting with multinational business leaders during his visit to Washington in October for the World Bank meeting, Sitharaman stated that several business leaders then expressed their willingness to change some of their core activities in Indonesia to India.
“In that context, I recommend them that they must visit the gift city,” FM said, who shared a list of companies like that with the city authorities.
“Hopefully, interactions and involvement with them will bring more business here,” FM added.