BRICS Delegation Tours GIFT City in Gujarat, Receives Overview of Evolving Ecosystem

BRICS Delegation Visits GIFT City to Explore India's International Financial Services Centre Ecosystem

A delegation comprising representatives from BRICS nations visited GIFT City in India on Friday, where they were provided with an overview of the country's evolving International Financial Services Centre (IFSC) ecosystem and growing opportunities in cross-border finance, fintech, trade, and global business services.

GIFT City currently hosts over 1,130 entities across sectors including banking, capital markets, fund management, insurance, leasing, and fintech, with banking assets crossing USD 106 billion and fund management commitments exceeding USD 32 billion. This significant milestone highlights the growth and potential of India's IFSC ecosystem.

The visit assumes great significance as India holds the BRICS Chairship for 2026 under the theme 'Building for Resilience, Innovation, Cooperation, and Sustainability'. India is also set to host the 18th BRICS Summit and related ministerial engagements during the year.

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During the visit, the delegation was presented with a detailed overview of GIFT City's development as India's maiden IFSC and its emergence as a gateway for international financial services, global capital flows, and foreign currency transactions from within India. The presentation covered the city's regulatory ecosystem, globally benchmarked infrastructure, business environment, and sectoral opportunities across various sectors.

The visiting delegates were also taken to key facilities within GIFT City to gain first-hand insights into the integrated smart city infrastructure and institutional ecosystem developed to support international financial services operations.

Comparison of GIFT City's Key Statistics

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The BRICS delegation showed keen interest in understanding the business and collaboration opportunities emerging from GIFT City, particularly in areas related to cross-border financial services, fintech innovation, international trade, and digital finance. The visit provided a vital opportunity to showcase GIFT City's integrated financial and urban ecosystem, and to exchange perspectives on areas such as cross-border investments, sustainable finance, fintech innovation, and international economic cooperation.

GIFT City managing director and group CEO Sanjay Kaul stated that the visit was an important opportunity to highlight the city's potential and exchange ideas with the BRICS delegation.