Gandhinagar: Prime Minister Narendra Modi today gifted the business world by launching Mandia International Bullion Exchange and NSE IFSC – SGX Connect at Gift City in Gandhinagar. Investors, industrialists and especially jewelers doing international business will benefit greatly due to this exchange. The Prime Minister also laid the foundation stone of the headquarters building of the International Financial Services Center Authority (IFSCA). The Prime Minister said on this occasion that India has both age and experience. India’s global share in digital payments is 40 percent.
jewellers Bullion can be purchased directly
With the inauguration of the International Bullion Exchange, jewelers will now be able to buy bullion directly. Which will help gold related industry, jewelers to expand. Gold plays an important role in Indian culture. Due to this India is today a big market in the field of gold and silver. Jewelers can participate in International Price Discovery with bullion purchases. There will be an opportunity to trade directly in gold. Gold trading market will be organized. It will also influence and determine the demand for gold in India and the price of gold. What happens in the next day will have an impact on the world. It will give direction to the world.
Aspirations of the common man of the country are linked with the vision of Gift City: PM Modi
Prime Minister Narendra Modi said, he envisioned Gift City when he was in Gujarat. It was not limited to economic activities. In January 2013, he came for the inauguration of the gift bank. It was said to be the tallest building in Gujarat then. But Gift City was an idea way ahead of its time. As magnificent as this building will be in architecture, it will create many opportunities to make India an economic superpower. India now stands alongside countries like USA, UK and Singapore, from where global finance is directed. The vision of Gift City is linked to the aspirations of the common man of the country. In Gift City, the vision of India’s future is connected, the dreams of India’s golden past are also connected. Gift City is making a strong impression as a hub of commerce and technology. Today in the 21st century finance and technology are intertwined, and when it comes to technology, science and software, India has both age and experience. Today, India alone accounts for 40 percent of real-time digital payments worldwide.
Even in 2008 recession, Gujarat took new steps in fintech sector: PM Modi
In 2008, when there was a world economic crisis, there was unfortunately policy paralysis in India as well. At that time, Gujarat was taking new and higher steps in the fintech sector. The gift city is building a strong identity in terms of commerce and technology. Celebrates both wealth and wisdom. We have to remember that a vibrant fintech sector does not just mean a smooth business environment, reforms and regulations. It is also a means of providing a better life and new opportunities to professionals working in various fields. Today India is one of the largest economies in the world. So when our economy is bigger in the future than it is today, we have to prepare for it now. We need institutions that can meet our present and future role in the global economy.
We invite FIC to come and do business in Gujarat: CM
In a program held at GIFT City, Chief Minister Bhupendra Patel said that Gujarat has become a manufacturing, ceramic, diamond and pharmaceutical hub and is now moving towards becoming a financial services hub. The foundation of Gift City was laid by Prime Minister Modi in 2007. Gujarat has been called the Gateway of India since ancient times due to its rich ports. We invite financial institutes and companies to come and do business in Gujarat. Union Finance Minister Nirmala Sitharaman said that IFSC of Gift City is considered to be the fastest growing center among the leading finance centers of the world.