In a significant move to strengthen India’s financial sector, Gujarat International Finance Tec-City (GIFT City) has signed a Memorandum of Understanding (MoU) with the Arun Jaitley National Institute of Financial Management (AJNIFM). The partnership, announced on Wednesday, aims to build capacity in international finance, governance, and financial technology at the GIFT International FinTech Institute.
This collaboration aligns advanced financial education with the evolving needs of India’s only International Financial Services Centre (IFSC) ecosystem, located in GIFT City. By fostering academic collaboration and knowledge exchange, the two institutions are set to create a robust talent pipeline for the growing financial hub.
AJNIFM, under the Ministry of Finance, brings extensive expertise in policy-oriented financial education. It trains key government financial and accounting service officers and offers postgraduate and executive programs in finance, management, and public policy. This institutional strength complements GIFT City’s rapidly expanding financial services ecosystem, enabling practical, industry-focused approaches.
Sanjay Kalra, Managing Director and Group CEO of GIFT City, emphasized the partnership’s role in promoting industry-academic collaboration. ‘This alliance underscores GIFT City’s commitment to capacity building in international financial services and fintech,’ he said. ‘Through initiatives like Industry Immersion Programs, we aim to develop skilled professionals capable of contributing meaningfully to India’s IFSC ecosystem and global financial markets.’
Praveen Kumar, Director of AJNIFM, highlighted the strategic nature of the tie-up. ‘This collaboration establishes a partnership to co-design and deliver advanced postgraduate education in finance and governance,’ he noted. ‘It will promote faculty and student exchanges, deepen collaborative teaching, and strengthen expertise in both institutions.’
As GIFT City positions itself as a global financial powerhouse, this MoU marks a pivotal step toward nurturing homegrown talent equipped for international standards. The initiative is expected to drive innovation, enhance skills, and support India’s ambition to become a leading IFSC, attracting investments and fostering economic growth.