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National summit on financial services at GIFT City

February 19, 2014 18:35 IST

Modi masksGujarat’s Finance Department organised a National Summit on ‘Financial Services -- A Key Driver for Economic Growth’ on Wednesday in association with the Federation of Indian Chamber of Commerce and Industry, Indian Merchant Chambers and Gujarat International Finance Tec-City.

The summit was attended by industry leaders and senior government officials to deliberate on the process of putting together pragmatic rules, procedures and facilities which would expedite the development of the emerging ‘Global Financial Hub’ at GIFT City in Gujarat.

Gujarat Chief Minister Narendra Modi was the Chief Guest at the event.

Gujarat government 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 500,000 direct jobs, mostly in financial and related IT services.

Additional 500,000 jobs would be created in related services.