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Ramallah – National Home
The Dubai International Financial Center (DIFC) has completed its official visit to Maharashtra, India, chaired by HE Issa Kazim, governor of the financial center, and Aref Amiri, chief executive officer of the Financial Center Authority. after a series of high – level strategic meetings with a number of investors and representatives of Indian companies.
The meeting highlighted DIFC's position as a global hub for Indian companies seeking to expand into the Middle East, Africa and South Asia. In addition, the financial center has entered into a successful partnership with Philip Capital Integrated Financial Services to engage a group of entrepreneurs and executives in a variety of sectors, including infrastructure, construction, logistics, automotive, manufacturing, and technology. , oil and gas and hotels. During this session, the Financial Center also discussed the market opportunities expected by the Center's family offices and underscored its commitment to providing a specialized business environment and regulatory framework, as well as comprehensive support services to badist businesses to succeed in the region.
The visit culminated in the signing of a Memorandum of Understanding with the Maharashtra State Government Information Technology Department, setting the framework for an agreement between the Government of Maharashtra both parties for mutual support of the sponsorship of emerging companies in the financial technology sector in their respective markets and facilitating the development of their financial technology systems through cooperation and participation. Resources. The innovative and flexible licensing process of Indian financial technology companies allows them to expand their operations in the region by providing them with customized solutions to support their growth in fast-growing emerging markets.
"Our partnership with the Government of Maharashtra strengthens our strong and cooperative business relationship between Dubai and India, as well as DIFC's strategic goal of securing the future of the financial sector by providing a business environment. "said Arif Amiri, chairman and CEO of the DIFC authority. Indian financial technology companies have demonstrated leadership in this area, providing the region with an important opportunity to play a leading role at the global level. We want to promote this growth through strategic international partnerships and knowledge sharing with the public institutions that share them. "We look forward to working together to facilitate the innovation opportunities of companies in the burgeoning financial technology sector in the Middle East, Africa and South Asia."
DIFC's comprehensive financial technology system includes two successful start-ups from the Financial Center and the Boot Camp Boot Center, which support the early stages and growth of start-ups, and provide financing for financial technology activities that can reach 100 million US dollars. In addition to providing subsidized licensing options, forward-looking laws and a financial community of more than 2,100 regional and global companies, including over 80 in the financial technology fields, making DIFC a platform for growth.
For its part Dans. R. Srinivas, Secretary General of the Information Technology Department of the State Government of Maharashtra, said: "The Government of Maharashtra, with its objectives, shares with the Dubai International Financial Center (DIFC) ) the next generation of innovations that will contribute to financial empowerment and technological advances through the comprehensive financial services system More than 100 Indian financial institutions, banks and consulting firms, and we are confident that this partnership will enhance opportunities for cooperation in the areas of financial technology and innovation. "
The Dubai International Financial Center (DIFC) brings together more than 100 financial companies and consulting firms such as ICICI Bank, the State Bank of India, the Hinduja Bank of the Middle East, the National Bank of Punjab, Bank of Baroda, Union Bank of India, HSBC Bank, Canara Bank, Axis Bank, IL & F and Philip Capital, as well as badet management and wealth management companies such as IFL Management Capital -Investment, Adita Birla Sun Life Asset Management, UTI International, L & T Capital Markets, Enam Asset Management, Thurus Wealth, as well as insurance companies such as The New India Insurance and HFC International Life & Reinsurance.
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