The two-day IDS 2025 is being organized by the Internet and Mobile Association of India (IAMAI) in collaboration with the Ministry of Electronics and Information Technology (MeitY), and the Ministry of Information and Broadcasting, Government of India, supported by Digital India, Skill India and Make in India.

 Elaborating on  the facilities of the GIFT City, Shri Shah said, “It has an innovation box and sandbox for startups to experiment and direct authorization for revenue-generating fintechs to start commercial activities on day one. Currently, 44 fintech firms from 70 countries are onboarded in GIFT City, taking advantage of its partnerships with regulators outside India, such as Singapore, Luxembourg, and Sweden. These partnerships enable fintechs to onboard parallelly into other sandboxes, expanding their reach.”

Shri Shah added, ” GIFT City is India’s first digging-free City with no work-in-progress boards because every utility runs underground, and the utility tunnels are about 7X7 meters in size, so the maintenance vehicle can go inside and repair easily. As a result, the citizens don’t face any problems when the City is under maintenance. The City also runs on India’s first district cooling concept. None of the buildings have split AC or window activities at the city level. Everything runs on a district cooling system. There is also an automated waste management system under which no garbage van comes into the City to dispose of the garbage. There is also a mandate that no manufacturing or polluting industry can operate in that City. It gives you a flavor of a focused approach to making this a finance and technology hub. ”

The 19^th IDS is being Powered by NPCI. Amazon.in and MPL are Platinum partners. Among Gold Partners are PhonePe; Australia Trade and Investment Commission; IDA Ireland; Paytm ads, Jagran New Media and Exotel. Route Mobile is the Cloud Communications Partner. Silver Partners include AWS, ShareChat, Shiprocket; Times Internet, and TV9 Network.

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PIFIL, part of India’s largest non-banking financial company (NBFC) group, will be the first finance company in IFSC dedicated to power and infrastructure lending. PFC Infra Finance IFSC Limited aims to provide foreign currency lending in India and other countries, catering to both government and private players. The establishment of PIFIL will position PFC as a global brand and contribute to strengthening India’s position as a global financial hub.

Shri. K. Rajaraman, Chairperson IFSCA, congratulated PFC for being the first government NBFC for receiving the Certificate of Registration (CoR) as a Finance Company for its IFSC subsidiary – PFC Infra Finance IFSC Ltd, for undertaking lending business. Shri. Rajaraman emphasised the need for fulfilling the gap for financing renewables towards Net Zero achievement and was positive about the role in which PFC Infra Finance IFSC Limited can contribute to achieving the goal.

The CoR was handed over by Shri K. Rajaraman, Chairperson, IFSCA to Smt. Parminder Chopra, Chairperson PFC & PFC Infra Finance IFSC Limited.
Smt. Parminder Chopra, Chairperson PFC & PFC Infra Finance IFSC Limited stated that “We are proud to be the first finance company in the IFSC focused on infrastructure including power sector lending. As we commence operations, funding for energy transition will be a key focus, aligning with India’s strong push towards clean energy sources. We bring a wealth of experience from our successful track record in India’s power sector and we are confident that our presence will contribute significantly to the growth and success of the IFSC.”

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Shri K Rajaraman, Chairperson of the International Financial Services Centres Authority (IFSCA), remarked the significance of embracing innovative financial instruments and leveraging GIFT IFSC ecosystem to advance India’s sustainable development agenda. He stated that “The GIFT IFSC banks have advanced over USD 1.5 billion in green credit, the bond markets have an outstanding of USD 13.07 billion in GSS+ bonds and the 1^st ESG fund is already operational. On the workshop, he remarked, “Capacity building empowers all stakeholders with the knowledge and tools necessary to develop and implement innovative solutions. This workshop is a significant step towards enhancing our collective ability to channel green capital effectively to green businesses. Understanding and Capacity to handle new age instruments such as Transition bonds to steer the energy transition in India is direly required. The workshop fulfils that need.”

Ms. Wendy Werner, India Country Head, IFC, highlighted the urgent need for innovative financial solutions to combat climate change. She stated, “Along with our partners, IFC aims to drive the future of sustainable finance with innovative tools like GSS+ Bonds. We’ve raised over US$13.7 billion through social and green bonds and invested US$14.4 billion in FY23, channeling capital into initiatives that truly make a difference. Our mission is to collaborate with issuers and stakeholders to scale these efforts and tackle urgent climate challenges head-on. We deeply value NSE’s partnership in championing these critical financial instruments. Together, we’re committed to building a more resilient and sustainable future.”

Shri Ashishkumar Chauhan, MD & CEO of NSE, expressed his vision for a future where sustainability is embedded within financial markets. He stated, “Through these series of capacity building workshops on GSS+ Bonds, we are calling upon leaders and innovators to leverage thematic labelled bonds as catalysts for transformative change and lead sustainable development in our economy. We’re paving the way for a future where sustainability is interwoven with investment—creating a robust ecosystem that aligns financial mechanisms with our shared environmental and social goals while propelling India towards its net-zero ambitions.”

Over the course of the two-day workshop, insightful panel discussions were also organized. The theme of the first panel discussion – “GIFT City as a Gateway to India’s Climate Finance: Enablers and Roadblocks” was conducted with esteemed panelists Shri Pradeep Ramakrishnan (Executive Director, IFSCA), Mr. Ramesh Ramanathan (IFC), Mr. Alok Khetawat (Standard Chartered), Dr. Zafar Khan (Highways Infrastructure Trust), and Mr. Liam Marshall (BeZero Carbon). The discussions revolved around how GIFT City could serve as a gateway for India’s climate financing needs while addressing the challenges and opportunities in this emerging landscape.

The theme of second panel discussion – “Developing Taxonomy for GSS+ and Transition Bonds to Strengthen Sustainable Finance and Addressing the Challenges of Greenium in India” was conducted with esteemed panelists – Dr. Harish Ahuja (NSE), Mr. Gagan Sidhu (CEEW), Mr. Rohit Inamdar (CareEdge Ratings), and Ms. Oluwatoyin Alake (IFC). The panelists shared their insights on the quantum of sustainable financing requirements to meet Net-Zero energy transitions, the role of GSS+ bonds, the benefits of having a green taxonomy and how GIFT City will be positively impacted by having Taxonomy in place.

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