UK to Expand Presence in India's GIFT City as Financial Partnership Strengthens

Brief by Shorts91 Newsdesk / 08:44am on 11 Sep 2023,Monday India Global

Union Finance Minister Nirmala Sitharaman expressed encouragement regarding enhanced collaboration between India and the UK in financial services. She stated the UK conveyed willingness to expand its presence in GIFT City IFSC and build a robust FinTech partnership. Sitharaman said she is pleased with the tangible progress made through the India-UK financial partnership forum for public and private sector dialogue. She highlighted the forum's evolution into a leading platform across the financial sector. Sitharaman's remarks indicate deepening financial ties between the two countries, with the UK aiming to increase investment in India's finance hub and collaborate on emerging technologies like FinTech. The strengthening cooperation is a boost for India's financial sector.

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