BlackRock’s Presence to Strengthen GIFT City as a Key Destination for Investment in Indian Businesses, Like Singapore and Hong Kong
Gandhinagar, October 2026: Mr. Robert Goldstein, Chief Operating Officer of BlackRock, a leading global asset management company, held a courtesy meeting with Chief Minister Shri Bhupendra Patel in Gandhinagar.
The meeting in Gandhinagar was a successful outcome of the invitation extended by the Chief Minister to BlackRock to establish operations in GIFT City during his recent visit to the US with a high-level delegation to promote Vibrant Summit 2027. The invitation was extended during a one-to-one meeting with Ms. Samara Cohen, Global Head of Market Development at BlackRock.
During the discussions, Chief Minister elaborated on how GIFT City, established under the inspiration of Prime Minister Shri Narendra Modi, is equipped with a world-class financial ecosystem as an international fintech hub. He also highlighted Prime Minister’s vision of rapidly transforming GIFT City into a global financial and technology gateway through the growing presence of banking assets, fund commitments and international financial institutions.
Mr. Robert Goldstein, Chief Operating Officer of BlackRock, briefed the Chief Minister on the company’s growth and progress since its establishment in 1988. He stated that BlackRock manages assets worth more than USD 15.3 trillion across over 40 countries worldwide. In this regard, he explained that BlackRock provides investment management and financial technology services to institutional investors, governments, corporations and individual investors worldwide.
The company’s most well-known investment product is its iShares Exchange-Traded Funds (ETFs). Through iShares, investors can invest across various equity, fixed-income, commodity and multi-asset markets. BlackRock’s Aladdin platform is also significant globally, providing technology and data-driven solutions for portfolio management, risk management, trading and investment analytics.
He also shared details about the joint venture between BlackRock and Jio Financial Services, which holds FME Retail, Broker and Investment Adviser licences from IFSCA in GIFT International Fintech City.
Expressing the expectation that BlackRock’s presence would make GIFT City an important destination for increasing investments in Indian businesses, similar to Singapore and Hong Kong, Chief Minister assured the company of the state government’s readiness to support the rapid expansion of its services. He also invited BlackRock to participate in the upcoming Vibrant Summit 2027.
Managing Director and CEO of Jio BlackRock Management Company, Shri Sid Swaminathan, and Additional Principal Secretary to the Chief Minister, Dr. Vikrant Pandey, were also present at the courtesy meeting.
