On January 11, Mumbai headquartered BSE Institute Ltd (BIL), the leader in financial education in India, entered into a Memorandum of Understanding (MoU) with Gujarat International Finance Tech-City (GIFT City), near Gandhinagar, Gujarat, to set up a centre of excellence for financial education. BSE Institute and GIFT City will jointly develop, launch and conduct programmes for the financial markets. The MoU was signed at Gandhinagar, Gujarat by Ambarish Datta, MD and CEO, BSE Institute Ltd. and Ajay Kumar Pandey, MD GIFT City in the presence of governor of Reserve Bank of India Dr. Urjit Patel, MOS Finance and Corporate Affairs Arjun Ram Meghwal and deputy chief minister Gujarat Nitin Patel.
BIL is also involved in global special initiatives for skill development and innovation thru BFSI Sector Skill Council and Zone Startups. The centre of excellence will develop customised programmes to train and skill graduate youths from the state of Gujarat in transnational skills and get them job ready for the companies at Gift City. The centre will also have a simulated trading lab to allow students experience near live trading in an environment which mimics real markets.
“Gujarat International Finance Tec-City (GIFT) is one of the most ambitious projects ever undertaken in the India’s Financial Services space. This tie up with GIFT City is an excellent opportunity to provide a pipeline of professionals with transnational skill and thereby increasing employability of the youth in the state of Gujarat. This centre of excellence plans to skill 25000 youth in the next 5 years,” said Datta.
BSE Institute centre of excellence for financial education will further strengthen the commitment to government of India’s Skill India mission to support international mobility of Indian workforce and also prepare them to work in international companies having their operations in the GIFT city.
On January 9, prime minister Narendra Modi inaugurated India International Exchange at Gift City. India International Exchange, located in a 16-storey tower, is a wholly-owned subsidiary of top domestic bourse BSE, Asia’s oldest stock exchange. The exchange is located in International Financial Services Centre (IFSC) zone of GIFT City.
India International Exchange (India INX) will function for 22 hours on daily basis beginning with the opening of Japanese stock exchange and will close with the closing of bourses in the US. At a speed of 4 milliseconds India INX will be the fastest exchange in the world, better than BSE’s own system at Mumbai which stands at 6 milliseconds.
As a wholly owned subsidiary of BSE Limited – Asia’s first and the world’s fastest stock exchange – BSE Institute Limited (BIL) inherits from BSE the knowledge and insights into the capital markets industry, garnered over the past 140 years. For more information, visit www.bsebti.com.
Posted in Corporate
