<span style="color: #222222;">Finance Minister Nirmala Sitaraman has announced that the Government would support the development of a world class Fin-Tech hub at the GIFT-IFSC based at Gandhinagar in Gujarat. In her budget speech yesterday, she said that the Government is committed to make the International Financial Services Center -IFSC in GIFT City a global financial hub. Reacting to the development, MD and CEO  of India INX Mr. V. Balasubramaniam said that India INX welcomes the budget announcement on allowing debt financing of REITs- InvITs by FPIs. He said that the announcement to exempt taxes on dividends on REITs and InvITs will make them attractive and lucrative for investors.<br />'' <br />'' MD and Group CEO of GIFT City Mr.Tapan Ray said that the slew of tax incentives announced for GIFT- IFSC have once again reaffirmed the center's commitment to develop GIFT IFSC as a global financial hub. The tax announcement would help in attracting global players in the Fund business, aircraft leasing & financing business and offshore investment banking sector to set up their base in GIFT IFSC. Meanwhile, the trade and industries in Gujarat have welcomed the union budget as a much needed boost for the economy after the Covid19 pandemic.</span>