Gandhinagar, May 23 -- Union Finance Minister Nirmala Sitharaman on Friday chaired a high-level review meeting on GIFT City (Gujarat International Finance Tec-City) and its evolving international financial services ecosystem, describing India's first operational smart city and International Financial Services Centre (IFSC) as an important pillar of the country's international financial architecture.

The numbers underscore GIFT City's rapid emergence as a global financial hub. The ecosystem now hosts more than 1,150 entities operating across financial services, technology, and allied sectors. Banking assets have crossed USD 110 billion, while capital commitments under fund management activities have exceeded USD 32 billion, PTI reported....