Subsidiary of EXIM Bank and data embassies at GIFT City in Gujarat

By IASbook Team September 25, 2023 Educational Resources 0 Comments

Union Finance Minister Nirmala Sitharaman 2nd February 2023 announced the setting up of a subsidiary of EXIM Bank and data embassies at GIFT City in Gujarat. Move will “enhance business activities” at GIFT IFSC.

Important Points

Mrs. Sitharaman also announced to establish a subsidiary of EXIM Bank for trade refinancing is also expected to benefit GIFT City.