Srinivas leading a delegation of senior officials from the International Financial Services Center (IFSC) Gift City (Gujarat International Finance Tec-City), is currently in the US for meetings and roundtable discussions with US and global investors, banking and educational institutions for business opportunities.
The delegation is visiting New York and Washington.
“We had a meeting with the fund managers. They are all keen to invest in India,” Srinivas told PTI in an exclusive interview on Wednesday. He said that the group is happy to learn about the various facilities available in GIFT apart from regulatory convenience and overall financial ecosystem.
“They were excited about the possibilities of collaboration. India is a favorite destination,” he said.
He said, “Most corporate boards discuss India today. It is an opportunity for India and we also need to reach out and we need to connect and we need to create a platform where we can leverage global capital in the domestic economy. make the flow easier.”
“It is a new India, it is driven with technology, it is very aspirational. There is a lot of efficiency, whether it is in start-ups or fintech sectors,” he said, adding that India is joining the global supply chain and quoted has gone. Example of Apple phones and semiconductors.
“We want this to happen in the financial sector as well, and this is where GIFT fits into the equation,” he explained.
delegation visited New York Stock Exchange (NYSE) and President Lynn Martin and Vice President John Tuttle and identified areas for mutual cooperation.
He also met with Vice President of leading investment management firm BlackRock Sir Robert Fairbairn as well as Managing Director of Cerberus Capital Management Kent Hegerud to discuss business opportunities at GIFT IFSC.
During the ongoing visit, the delegation made a presentation on the business opportunities available to US-based financial services institutions at GIFT IFSC, and also interacted with leaders from the US-based fund industry, financial services industries and banking institutions.
Several round table talks were conducted focusing on opportunities in GIFT IFSC for global stakeholders, including a round table interaction on the topic ‘Aircraft’, with high net worth individuals from the expatriate community. lease and Financing’ during which the delegation made a presentation on business opportunities in the areas of aircraft leasing and business financing at IFSC.
IFSCCA has also organized a Round Table Dialogue with Universities and Educational Institutions on setting up of Foreign Educational Institutions/Universities in GIFT IFSC.
Delegates from more than 20 foreign universities have participated in the Round Table Conference held at the Consulate General of India in New York.