NewKerala.com

Key Points

Narayana Murthy, Infosys founder, praised GIFT City for its impressive infrastructure and role in advancing India's global fintech ambitions. During his visit, he met with key officials and emphasized the importance of innovation and academia-industry partnerships. Murthy also engaged with students, inspiring them to aim for excellence. Infosys recently launched a new development centre at GIFT City, further solidifying the city's status as a global financial technology hub.

Key Points: Narayana Murthy Hails GIFT City in India's Fintech Vision

  • GIFT City is a global fintech hub
  • Murthy praises GIFT City infrastructure
  • Infosys launches development centre
  • GIFT City rises in global rankings
2 min read

GIFT City key to India's global fintech vision: Narayana Murthy

Narayana Murthy praises GIFT City's progress and infrastructure as key to India's global fintech ambitions.

GIFT City key to India's global fintech vision: Narayana Murthy
"Such efforts are vital to building GIFT City into a global centre for financial technology and innovation. - Narayana Murthy"

Ahmedabad, June 27

Infosys founder N.R. Narayana Murthy on Friday visited the Gujarat International Finance Tec-City (GIFT City), where he praised the remarkable progress and world-class infrastructure that is helping position GIFT City as a global hub for financial and technology services, especially fintech innovation.

Impressed by the growing presence of international companies and the pace of development, Murthy said that such efforts are vital to building GIFT City into a global centre for financial technology and innovation.

He also offered suggestions to further enhance the ecosystem, highlighting the need to foster innovation and build stronger partnerships between academia and industry.

During his visit, Murthy held a detailed meeting with GIFT City Chairman Dr. Hasmukh Adhia, Managing Director and Group CEO Tapan Ray, and International Financial Services Centres Authority (IFSCA) Chairman K. Rajaraman.

The officials briefed him on the various initiatives and ongoing developments at GIFT City.

Additionally, Murthy interacted with students from Jamnabai Narsee School, Deakin University, and the University of Wollongong during his visit.

He motivated them to dream big, work hard, and aim for excellence in their careers, inspiring the young minds present at the event.

Infosys, the company founded by Murthy, has recently launched a new development centre at GIFT City.

Inaugurated on June 7, this facility is designed for over 1,000 employees working in a hybrid model.

The centre will serve as a key TechFin hub for global BFSI clients, offering digital solutions in areas such as banking, capital markets, trade finance, cards and payments, and risk and compliance management.

Meanwhile, earlier this year, GIFT City announced that it has made significant progress in the latest Global Financial Centres Index (GFCI 37), achieving improvements across multiple categories.

Notably, it secured the top position in the 'Reputational Advantage' category.

GIFT City also climbed five spots in the FinTech ranking, moving from 45th to 40th place, and improved its overall global ranking from 52nd to 46th.

- IANS

Share this article:

Reader Comments

P
Priya S
While I appreciate the progress, I hope they focus equally on sustainable development. We don't want another concrete jungle. Green spaces and worker wellbeing should be prioritized too.
A
Arjun K
Great to see Indian students getting inspired by visionaries like Murthy ji! His emphasis on industry-academia collaboration is spot on. Our education system needs more practical exposure like this.
K
Kavya N
As someone working in fintech, GIFT City's rise is exciting! The tax benefits and infrastructure are attracting global players. Hope they improve public transport connectivity soon though - current options are limited.
S
Siddharth J
Impressive rankings improvement! But we must not get complacent. Singapore and Dubai are still way ahead. Need more policy reforms and faster execution to truly compete globally.
M
Meera T
Wonderful to see women representation in leadership roles at GIFT City! Hope this inspires more young girls to pursue careers in fintech and technology. The future looks bright ✨

We welcome thoughtful discussions from our readers. Please keep comments respectful and on-topic.

Leave a Comment

Minimum 50 characters 0/50