New Delhi, June 26 -- Finance minister Nirmala Sitharaman on Thursday urged regulators and stakeholders at GIFT City to speed up efforts to attract more foreign capital into the country through structured and well-regulated mechanisms, emphasising the need to position the financial hub as a globally competitive gateway.

During her visit to the International Financial Services Centre (IFSC) at GIFT City in Gandhinagar on Thursday, Sitharaman emphasised the need to make GIFT IFSC competitive and cost-effective to attract high-net-worth individuals' (HNI) investments into the country, said an official statement.

The minister, who was accompanied by a team of secretaries from the central government to review its progress and consult market ...