Team Blitz India
NEW DELHI: The Asian Development Bank (ADB) has approved a $23 million loan to foster the growth of fintech education, research, and innovation at the Gujarat International Finance Tec-City (GIFT).
According to ADB, Gujarat International Finance Tec-City (GIFT), a state-owned enterprise, which serves as a cornerstone for nurturing fintech ecosystems and financial services within India. Positioned as the country’s premier international financial services center, GIFT has emerged as a burgeoning hub for fostering and nurturing local startups, catalyzing innovation, and propelling economic growth.
ADB Economist Kanupriya Gupta emphasised the transformative impact of India’s fintech industry on business operations, economic prosperity, and future readiness. She underscored ADB’s commitment to strengthening fintech education to enhance the efficiency and accessibility of digital and financial services across India.
Positioned as the country’s premier international financial services center, GIFT has emerged as a burgeoning hub for fostering and nurturing local startups, catalyzing innovation, and propelling economic growth.
