BRICS Delves into GIFT City: India's Financial Frontier

A delegation from BRICS nations visited GIFT City on Friday, delving into India's rapidly evolving International Financial Services Centre (IFSC) ecosystem. The delegation received an overview of cross-border finance, fintech, and global business services opportunities.

GIFT City hosts over 1,130 entities across banking, capital markets, fund management, insurance, and fintech sectors. Banking assets have surpassed USD 106 billion with fund management commitments exceeding USD 32 billion. This visit comes as India prepares to hold the BRICS Chairship in 2026, promoting themes of resilience, innovation, cooperation, and sustainability.

The delegation was briefed on GIFT City's development as India's first IFSC and its strategic role in global capital flows. Delegates expressed keen interest in emerging business opportunities, particularly in cross-border financial services and fintech innovation. The visit facilitated an exchange of perspectives on sustainable finance and international economic cooperation.

(With inputs from agencies.)