International Financial Services Centres Authority

(A statutory authority established by Government of India)

News Details

Hon’ble Prime Minister visits GIFT-IFSC and presides over an event organised by IFSCA


Hon’ble Prime Minister Shri Narendra Modi visits GIFT-IFSC and laid the foundation stone of the IFSCA’s Headquarters Building. Conceptualised  as  an  iconic platinum rated green building with a highly efficient and sustainable structure,  reflective  of  the  growing  prominence  and  stature  of GIFT-IFSC as a leading international financial centre, the ‘IFSCA Tower’ is planned to have a  built-up area  of  3,00,000  square  feet  spread  across  27  floors with best-in-class  modern amenities and a magnificent panoramic view. When completed in 2024, the IFSCA Tower will emerge as a monumental edifice in GIFT City and symbolise the dreams and aspirations of a New and Aatma Nirbhar Bharat.

Hon’ble Prime Minister said, “Today, in GIFT City, the foundation stone of the International Financial Services Centres Authority - IFSCA headquarters building, has been laid. I believe, as grand as this building is in its architecture, it will also create unlimited opportunities to make India an economic superpower.”

The event was also graced by Shri Bhupendra Patel, Hon’ble Chief Minister of Gujarat; Smt. Nirmala Sitharaman, Hon’ble Union Minister of Finance and Corporate Affairs; Shri Pankaj Chaudhary, Hon’ble Union Minister of State for Finance; Dr. Bhagwat Kishanrao Karad, Hon’ble Union Minister of State for Finance and Shri Kanubhai Desai, Hon’ble Minister  of Finance and Energy, Government of Gujarat.

During the event, the Hon’ble Prime Minister also launched India International Bullion Exchange (IIBX) and NSE IFSC – SGX Connect. The Hon’ble Prime Minister also presided over the ceremony for exchange of Memorandums of Understanding with regulatory authorities of Singapore, Luxembourg, Qatar and Sweden. IFSCA also exchanged a MoU with the Department of Space, Government of India to unlock the enormous opportunity of convergence between FinTech and SpaceTech. 

Further, several significant milestones were announced during the event.

The initiatives launched by Hon’ble Prime Minister and the several milestones announced during the event have the potential to catapult India as a  leading  financial  services  provider  in  the  regional  and  global  landscape.

The highlights of the events can be accessed at the video gallery, photo gallery and the press release sections of the website.