Union Finance Minister Smt. Nirmala Sitharaman met Mr. Emmanuel Bonne, Diplomatic Advisor to the French President Mr. Emmanuel Macaron, against the backdrop of the upcoming visit of the French President for the 75th Republic Day of India.
They discussed approaches for further enhancing collaborative positions on climate actions, strengthening international financial institutions and addressing the debt vulnerability in low-and-middle-income countries.
Recognising the synergy between Indian UPI and French Targeted Instant Payment Settlement (TIPS), they explored avenues for closer financial integration.
Finance Minister Smt. Sitharaman encouraged greater participation from French financial institutions and corporations in pathbreaking initiatives and operations in IFSC at GIFT City International Financial Services Centres Authority (IFSCA).