Mr. Priyam Gandhi Modi, Founder and Chairman, Council for Future Financial Cooperation. Picture: Future Financial Cooperation Council
Priyam Gandhi Modi, founder and chairman of the Future Financial Cooperation Council (FECC), mentioned that India now occupies a sure place within the world economic system and developed nations wish to deepen their engagement with India, whereas governments of small and medium-sized nations need India to anchor tasks in these nations.
The FECC is organizing a three-day International Financial Cooperation (GEC) Summit in Mumbai from February 17 to 19, bringing collectively delegations from each developed and creating nations. Whereas Exterior Affairs Minister S. Jaishankar has been confirmed to talk on the occasion, Prime Minister Narendra Modi can also be anticipated to ship a particular handle, however that’s but to be formally confirmed.
FECC itself is supported by the Ministry of Exterior Affairs and the Authorities of Maharashtra.
Ms Gandhi-Modi mentioned the continuing world turmoil is impacting each nation, but additionally places India at an “fascinating crossroads”.
“On the one hand, bigger economies and blocs such because the European Union, america, Australia and several other developed nations of the world wish to additional interact with India,” she mentioned. hinduism In an interview. “Alternatively, smaller nations, particularly within the International South, are making India the core of their vital tasks and doing issues collectively with India.”
The GEC was subsequently conceived as a platform for decision-makers from throughout sectors of the worldwide economic system to collect in Mumbai to debate methods to put money into India, or how developed nations can enhance funding in creating nations, and for India to assist these relationships.
“We have to contain large corporations, capital markets, non-public fairness, sovereign wealth funds and authorities officers from all over the world,” Gandhi Modi mentioned in response to a query about who would attend the summit.
“So wherever there’s a collective curiosity, you may give some type of path to that type of cash stream to meet sure collective commitments,” she added. “Which means we’d like the attendance and participation and continued engagement of people that can facilitate a few of these flows.”
He additional defined that other than enterprise issues, numerous geo-economic points may also be mentioned in the course of the summit.
“It is a group of nations that may work collectively round smaller targets, for instance Pax Silica, which the US has simply launched, or the India-Center East-Europe Financial Hall (IMEC),” Gandhi-Modi mentioned. “Alternatively, we want to deepen our collaboration with ASEAN and the Nice Nicobar Venture may assist a few of that.”
“Deepening relationships on a lot of these points will happen over the following decade or so, and platforms like this (GEC) will assist translate dedication into motion,” she added.
(The reporter is attending the GEC 2026 Summit on the invitation of the Future Financial Cooperation Council.)
