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FM Nirmala Sitharaman invites American university to open campus

FM Nirmala Sitharaman Finance Minister Nirmala Sitharaman has invited 14 reputed American universities to set up foreign universities/institutions at the International Financial Services Center (IFSC) located in Gandhinagar, Gujarat.

In order to facilitate the availability of skilled human resources in the financial services sector, the budget for the financial year 2022-23 has approved the establishment of world class foreign universities in GIFT city of Gandhinagar. These universities will not be bound by domestic rules.

Finance Ministry tweeted
In a tweet on Saturday, the Finance Ministry mentioned the meeting of the Finance Minister with representatives of American universities. According to this, “Keeping in view the inherent potential of IFSC, it was announced in the budget, which paved the way for world-class foreign universities to offer courses in financial management, fintech, science, technology, engineering and mathematics in GIFT City.” ”

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Talk to Vice Chancellors of American Universities
Another tweet said, “Union Minister Nirmala Sitharaman spoke to Vice Chancellors of various reputed US universities and tried to explore opportunities for setting up foreign universities/institutions in IFSC.”

Many types of benefits will be available in IFSC
Sitharaman said in this online meeting that American universities will get many benefits in IFSC. These include 100% foreign ownership with no restrictions on repatriation of profits, no domestic law enforcement, regulatory easing through unified regulator IFSCA and opportunities to collaborate with Indian students, faculty members and the financial industry. is.


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