NCP supremo Sharad Pawar has called the Centre’s move to locate the newly created International Financial Services Centre (IFSC) Authority in Gandhinagar as disappointing. Pawar called the Centre’s decision a move against Mumbai’s status as the nation’s financial capital. “We urge the Prime Minister to reconsider the decision as the PM should be above his or her state and the decisions that he/she takes should be inclusive in the broader national interest,” Pawar told mediapersons on the sidelines of an event.
The Centre had in a notification on April 27 said that Gandhinagar will be headquarters of the IFSC authority, a move that will positively impact the Gujarat International Financial-Tech City (GIFT). The latter is the dream project of Modi. Almost everyone who is part of the Maha Vikas Agadi (MVA) coalition government in Maharashtra had criticised the move. Maharashtra’s industry minister Subhash Desai had also panned the move stating that just giving a name did not make a place a financial capital (a veiled reference to GIFT-city) and that Mumbai was home to the financial might of the country and hence was the rightful place for the project. The Congress in Maharashtra, which is also part of the MVA, questioned the state BJP’s silence on the issue.