A delegation from the BRICS Contact Group on Economic and Trade Issues (CGETI) visited GIFT City in Gandhinagar, Gujarat, on Friday to gain insights into its infrastructure supporting international financial services. This visit is particularly significant as India prepares to chair BRICS in 2026 and host the 18th BRICS Summit. The delegation comprised representatives from Brazil, Egypt, and Russia, along with three members each from China and South Africa, and two each from Indonesia, Ethiopia, and the United Arab Emirates. During their tour, the delegation learned about GIFT City’s development as India's first International Financial Services Centre (IFSC), which serves as a gateway for international financial services and foreign currency transactions. Senior officials from GIFT City and the International Financial Services Centres Authority (IFSCA) presented details on the city’s regulatory framework, infrastructure, and business opportunities across various sectors, including banking, capital markets, and fintech. Sanjay Kaul, Managing Director and Group CEO of GIFT City, highlighted the city’s emergence as a globally competitive financial hub, emphasizing the importance of the visit for showcasing GIFT City’s integrated financial ecosystem and promoting international economic cooperation.