FICCI-IFSCA Sign MoU For Development Of GIFT City In Gujarat As World-Class FinTech Hub
 FICCI-IFSCA Sign MoU For Development Of GIFT City In Gujarat As World-Class FinTech HubGIFT One building in Gujarat International Finance Tec-city (Gujaratin/Wikimedia Commons)

FICCI-IFSCA signed a Memorandum of Understanding (MoU) to establish a framework for collaboration and co-operation for the development of Gujarat International Finance Tec-City (GIFT) IFSC as a world-class FinTech hub.

This MoU will pave the way for future collaborations and cooperation between IFSCA and FICCI for the development of a world-class FinTech Hub in GIFT IFSC.

FICCI will also assist IFSCA in the development of FinTech Accelerator programmes in GIFT IFSC amongst other cooperation areas.

The MoU was signed by Injeti Srinivas, Chairman, IFSCA, and Dilip Chenoy, Secretary-General, FICCI.

India's FinTech ecosystem has seen tremendous growth over the last 5 years and India continues to be ranked among the top 5 FinTech investment destinations. Over the period Indian FinTech industry has become a hotbed of customer-centric innovation.

Sleek and efficient offerings across payments, lending, insurance, wealth management, and broking have disrupted industries and transformed the face of financial services. The Indian FinTech industry is fast maturing supported by a well-functioning ecosystem and is bound to grow multi-fold in the coming years.

Many FinTechs from India are exploring and expanding their geographical footprint and IFSCA can help these fintech companies expand overseas.

This news has been published via a Syndicated feed. Only the headline is changed.

An Appeal...

Dear Reader,

As you are no doubt aware, Swarajya is a media product that is directly dependent on support from its readers in the form of subscriptions. We do not have the muscle and backing of a large media conglomerate nor are we playing for the large advertisement sweep-stake.

Our business model is you and your subscription. And in challenging times like these, we need your support now more than ever.

We deliver over 10 - 15 high quality articles with expert insights and views. From 7AM in the morning to 10PM late night we operate to ensure you, the reader, get to see what is just right.

Becoming a Patron or a subscriber for as little as Rs 1200/year is the best way you can support our efforts.

Become A Patron
Become A Subscriber