New York:Global entities and fund managers are keen to invest in India, Chairman of the International Financial Services Centres Authority (IFSCA) Injeti Srinivas has said, underlining the need to create a platform that intermediates global capital flows into the domestic economy. Srinivas is leading a delegation of senior officials from the International Financial Services Centre (IFSC) at GIFT City (Gujarat International Finance Tec-City), are currently in the US for meetings and roundtable discussions with American and global investors, banking and educational institutions for business opportunities.
The delegation is on a visit to New York and Washington. "We had meetings with fund managers. They are all very keen to invest in India, Srinivas told PTI in an exclusive interview on Wednesday. He said the groups are happy to learn about various facilities available, apart from the regulatory comfort and overall financial ecosystem at GIFT.
They were excited about the cooperation prospects. India is a sought-after destination," he said. Most corporate boards today discuss India. It's an opportunity for India and we need to reach out also and we need to connect and we need to create a platform where we can easily intermediate global capital flows into the domestic economy, he noted.
It's a new India, it's powered with technology, it's very aspirational. There is a lot of efficiency, whether it is start-ups or in the fintech areas, he said, adding that India is getting into the global supply chain and cited the example of Apple phones and semiconductors. "We want this to happen in the financial sector as well and that's where GIFT fits into the equation," he explained.