BJP’s prime ministerial candidate Narendra Modi will address who’s who of India’s banking, finance and insurance sectors on Wednesday in an inauguration session of a National Summit on “Financial Services — A Key Driver for Economic Growth” at Gujarat International Finance Tec-City (GIFT) in the State capital Gandhinagar.
During the event, organised by the Federation of Indian Chamber of Commerce & Industry (FICCI), Indian Merchant Chambers (IMC) & GIFT, the Gujarat Chief Minister will also hold a session of ‘Round Table’ discussion with business leaders of these sectors.
The National Summit is aimed to facilitate the process of putting together pragmatic rules, procedures and facilities which would expedite the development of the envisaged ‘Global Financial Hub’.
Several developed countries have created high-tech financial hubs serving as focal points of their nation’s development journey — be it Shinjuku in Tokyo, lujiazui in Shanghai or the london Dockyards in UK. Government of Gujarat has taken an initiative to develop a state of the Art Global Financial Hub at GIFT City. When fully developed GIFT City will have about 5 lakh direct jobs.