PM Modi inaugurates India’s first bullion exchange at GIFT city, Gandhinagar
The HinduPrime Minister Narendra Modi on Friday launched the India International Bullion Exchange, India’s first International Bullion Exchange, and NSE IFSC-SGX Connect at Gandhinagar’s GIFT city, an international financial services hub set up by the Gujarat government outside the State capital. While launching the new exchange and laying foundation stone for new projects in GIFT city, his pet project, the PM said that India is among the biggest economies in the world and is now joining the league of global financial centres like the United States, the United Kingdom and Singapore. “India is one of the world’s leading economies and will become even bigger going forward; we should build institutions that can cater to our present and future roles,” the Prime Minister said. The IFSCA works as a unified authority for the development and regulation of financial products, financial services and financial institutions at the IFSC at GIFT city in Gandhinagar, a press release said.