New Delhi : India’s first global financial hub, the Gujarat International Finance Tec-City (GIFT), a Government of Gujarat project (GIFT City) in Gandhinagar, Gujarat has entered into a Memorandum of Understanding (MoU) with National Institute of Financial Management (NIFM), an autonomous institution of Union Ministry of Finance, for skills development with specific focus on international financial services.
As per the agreement, GIFT International Financial Services Centre (IFSC) and NIFM would work jointly towards developing courses, training and certificate programs in the field of international financial services.
Under the MoU, NIFM will introduce new courses with specific focus on international financial services and organize programs for research associates/faculties and masters/ degree students that focus on banking, insurance, capital market with respect to IFSC.
GIFT and other institutions based out of GIFT IFSC would also try and work with NIFM to develop and conduct relevant knowledge series and programs for financial markets.
Ajay Pandey, MD and Group CEO of GIFT City said regulators like RBI, SEBI and IRDAI have issued business regulations which provide for new opportunities.This is creating demand for talent that understands the various aspects of an IFSC, such as offshore transactions in banking, insurance and capital markets.
“Through this MoU, we would take initiatives that would go long way in establishing talent pool in the country in this emerging field of international financial services,” he said.
The MoU was exchanged in the presence of Minister of State for Finance and Corporate Affairs Arjun Ram Meghwal, who is also the Chairman of IFSC Task Force.
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