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BRICS bank to open India's regional office in GIFT City in Gujarat

The New Development Bank (NDB) of the BRICS countries will shortly announce the appointment of the Director-General for the India Regional Office.

BRICS (Brazil, Russia, India, China, and South Africa) Bank. (Representational Image) Credits: istockphoto.com/

The New Development Bank (NDB) of the BRICS countries (Brazil, Russia, India, China, and South Africa) has announced plans to establish a regional office in India at the Gujarat International Finance Tec-City (GIFT City) to address the country's infrastructure and sustainable development requirements.

The Indian Regional Office will focus on project origination, including early project preparation and technical support, pipeline development, project execution and monitoring, and regional portfolio management, according to a news release from the bank.

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