- High-level GIFT City delegation engages with top firms including Siemens, Munich Re, Allianz Partners, and Infineon Technologies
Bilateral meetings and innovation summits in Munich and Vienna highlight GIFT City’s appeal as a hub for finance, R&D, and sustainable technology collaboration
NE BUSINESS BUREAU
GANDHINAGAR, OCT 18
Leading institutions from Germany, Austria, and Switzerland have expressed strong interest in exploring business opportunities in Gujarat International Finance Tec-City (GIFT City) during a high-level international roadshow across Austria and Germany, led by Sanjay Kaul, Managing Director & Group CEO, GIFT City.
The visit marked a significant milestone in expanding GIFT City’s global engagement and positioning India’s only International Financial Services Centre (IFSC) as a preferred destination for financial services, global capability centres (GCCs), and innovation-driven enterprises.
During the tour, the GIFT City delegation held strategic discussions with senior executives from Infineon Technologies, Siemens Financial Services, Allianz Partners, Munich Re, Mutares SE & Co. KGaA, Knorr-Bremse, and Start2 Group, exploring collaboration across finance, technology, sustainability, and R&D.
“GIFT City is emerging as a strategic hub for global enterprises seeking speed, scale and regulatory clarity. Our interactions in Germany and Austria reaffirmed the shared commitment to expanding bilateral business linkages and harnessing GIFT City’s ecosystem for high-value operations across finance, technology and innovation,” said Sanjay Kaul, MD & Group CEO, GIFT City.
Spotlight on Indo-European Collaboration
Over 60 senior German business leaders participated in the German-Indian Innovation Summit, a special event hosted by the Consulate General of India in Munich to commemorate 25 years of the India–Germany Strategic Partnership. The event showcased GIFT City as a strategic gateway for European firms seeking to enter or expand in the Indian market.
In Austria, the delegation represented GIFT City at the 39th Alpbacher Finanzsymposium—one of Europe’s premier financial conferences—attended by over 400 senior leaders, including CFOs, CEOs, and treasurers from major Austrian, German, and Swiss corporations.
The delegation also met representatives from the Federation of Austrian Industries, Finance Trainer International, and WU Vienna, discussing collaborations in financial services, R&D, fintech education, and sustainable innovation.
Ambassador of India to Austria, Mr. Shambhu S. Kumaran, lauded the growing strength of Indo-European economic partnerships and invited Austrian companies to leverage GIFT City’s globally connected ecosystem as a launchpad for cross-border operations.
“India’s growth story offers immense opportunities for global investors. GIFT City stands at the heart of this transformation—bridging international markets and fostering partnerships in finance, technology, and sustainability,” said the Ambassador.
The successful roadshow reaffirmed GIFT City’s growing stature as India’s global financial and innovation hub, fostering cross-border investment, research partnerships, and enterprise-scale collaboration that align with India’s vision of becoming a leading global financial centre.
