Murthy at GIFT City: Infosys Founder Applauds India’s Rising Global Fintech Hub

Image Source : Ahmedabad Mirror

In a visit that underscored India’s growing stature in global financial innovation, Infosys founder N R Narayana Murthy toured Gujarat International Finance Tec-City (GIFT City) on June 27, 2025, and praised its rapid transformation into a world-class fintech and financial services hub. Murthy’s remarks come at a time when GIFT City is climbing the ranks of global financial centers and attracting a growing roster of international firms.

Here’s a detailed look at the visit and its broader implications.

Highlights from the Visit

- Murthy met with GIFT City Chairman Hasmukh Adhia, Managing Director and Group CEO Tapan Ray, and IFSCA Chairman K Rajaraman
- He lauded the city’s world-class infrastructure and the increasing presence of global companies
- Murthy emphasized that such developments are vital to positioning GIFT City as a global hub for financial and technology services
- He also interacted with students from Jamnabai Narsee School, Deakin University, and the University of Wollongong, encouraging them to dream big and contribute meaningfully to society

Infosys’ New TechFin Hub at GIFT City

- Infosys inaugurated a new development centre at GIFT City on June 7, 2025
- The facility will support over 1,000 employees in a hybrid work model
- It will serve as a key delivery hub for global BFSI clients, offering digital solutions in banking, capital markets, payments, trade finance, and risk management

Murthy’s Vision for GIFT City

- He advocated for deeper collaboration between academia and industry to foster innovation
- Murthy described GIFT City as a model for India’s aspirations to lead in fintech and digital finance
- He offered strategic suggestions to strengthen the ecosystem, including talent development and regulatory agility

GIFT City’s Global Momentum

- GIFT City recently improved its position in the Global Financial Centres Index (GFCI), rising from 52nd to 46th overall
- It climbed five spots in the FinTech category, now ranked 40th globally
- The city topped the ‘Reputational Advantage’ category, reflecting its growing international credibility

As India eyes a larger role in global finance, Murthy’s endorsement of GIFT City signals confidence in the country’s ability to build institutions that match global benchmarks—not just in infrastructure, but in vision and execution.

Sources: Business Standard, Rediff Money, SiliconIndia, Economic Times, MSN India, Infosys Press Releases June 2025