K Rajaraman greets Euromoney with a wide smile, starts talking – and doesn’t stop. An hour-long conversation with him, words flowing like a torrent, is like five hours with someone else.
There’s a lot to discuss. Cheery and engaging, with an open demeanour, Rajaraman is chair of the International Financial Services Centres Authority (IFSCA), a four-year-old national-level financial regulator. He oversees the International Financial Services Centre, which in turn is part of the Gujarat International Finance Tec-City, better known as Gift City, a cross-border financial services zone taking shape near Ahmedabad in northwest India.
A high-flying civil servant who previously headed India’s telecommunications ministry, Rajaraman was tasked a year ago with transforming the IFSC region into a true international financial hub to replicate and rival those in Singapore and Dubai.
“What we want to do is be a platform for foreign investors to land in India in a very soft...
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