"GIFT City Is India's International Financial Centre": HSBC's Sandeep Batra To NDTV
HSBC executive Sandeep Batra discusses the rapid growth of Gujarat International Finance Tec-City (GIFT City) as a burgeoning global investment hub. He highlights its evolution from a corporate center to a diverse financial ecosystem including wealth management and aircraft leasing.
Why it matters
GIFT City is a strategic project for India's financial sector, aiming to compete with established global hubs like Dubai and Singapore.
Stressing that Gujarat International Finance Tec-City or GIFT City is growing rapidly, Sandeep Batra, who heads international banking for HSBC, believes it is on its way to becoming a global investment hub. "It started as a place for corporates; now wealth managers, individuals, private banking, a lot is happening at GIFT," Batra said, speaking with NDTV Editor-in-Chief Rahul Kanwal in Walk The Talk.He was asked what he, as somebody who has operated in different regions, thought of GIFT City. "It's still early days, but it's been a rapid growth," Batra said. "We were the first to get an IFSC licence, and that's only 4-5 years back. In that time, we see dramatic growth in the GIFT ecosystem.
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