VGGS 2024 will be focussed on strengthening GIFT City, expand its global presence : PM Modi

AHMEDABAD : The 10^th edition of the Vibrant Gujarat Global Summit (VGGS) scheduled to be held in January 2024, will be focussed on strengthening GIFT City, expand its global presence, PM Shri Narendra Modi said.

Speaking at the Vibrant Gujarat Success Summit, held to commemorate 20 years of VGGS, the PM said, Gujarat already has GIFT City whose relevance is growing by the day. GIFT City houses India’s first International Financial Services Centre (IFSC) on the lines of Dubai and Singapore.

“In today’s deeply connected world, there is a rising need for finance and technology institutions. Gujarat already has a GIFT City whose relevance is growing by the day. GIFT City reflects our whole of government approach. Here, we have state, central governments and IFSC Authority work together to form the best regulatory authority in the world,” said PM Modi.

“We should intensify efforts to make it a globally competitive financial marketplace. To achieve this, we can leverage our large domestic demand. The goal before VGGS is to further strengthen GIFT City to expand its global presence,” the PM further added.