Dialogue on ‘Credit and Capital: Building Trust through Ratings and Regulations’

Monday, 9 June 2025 00:21 - - {{hitsCtrl.values.hits}}

High Commissioner of India to Sri Lanka Shri Santhosh Jha

CareEdge Global CEO Revati Parag Kasture

Finance and Planning Deputy Minister Dr. Harshana Suriyapperuma

NSE IX CEO Venkataramani Balasubramaniam

IFSCA Executive Director Pradeep Ramakrishnan

The International Financial Services Centres Authority (IFSCA), Government of India, NSE International Exchange (NSE IX), and CareEdge Global, in collaboration with the High Commission of India in Colombo, Indo-Lanka Chamber of Commerce and Industry (ILCCI), TWCorp Ltd., and the Indian CEO Forum (ICF), organised an event titled ‘Credit and Capital: Building Trust through Ratings and Regulations’ on 6 June in Colombo.

The event was graced by Chief Guest Finance and Planning Deputy Minister Dr. Harshana Suriyapperuma and witnessed the participation of key stakeholders, including representatives from the Government of Sri Lanka, Indian and Sri Lankan banks, IFSCA, NSE IX, CareEdge Global, members of various trade chambers, media, and think tanks.

The primary focus of the event was on India’s International Financial Services Centre (IFSC) at Gujarat International Finance Tec-City (GIFT City), which offers access to global capital at competitive costs, attractive tax incentives, and a regulatory framework aligned with global best practices.

The event commenced with welcome remarks delivered by Indian High Commissioner Santosh Jha and was followed by detailed presentations by IFSCA Executive Director Pradeep Ramakrishnan, CareEdge Global CEO Revati Parag Kasture, and NSE IX CEO Venkataramani Balasubramaniam, offering insights into the evolving GIFT City ecosystem, credit rating mechanisms, and recent regulatory reforms that have enhanced its global competitiveness.

The National Stock Exchange also provided an overview of the listing requirements for companies seeking to access international capital markets through GIFT City. A panel discussion moderated by TWCorp Chairman Thilan Wijesinghe featured an engaging exchange among experts on key themes such as access to global capital, international regulatory frameworks, tax and financial incentives, and the potential for Sri Lankan companies to raise capital at affordable rates while linking with a dynamic and emerging financial ecosystem in India.

The event served as a catalyst for further advancing collaborative efforts across financial and investment related domains.

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