Singapore delegation marks presence at GEC 2026; Hon’ble EAM Dr. S. Jaishankar inaugurates the discussion board as CM Devendra Fadnavis underscores India’s position as a trusted convenor of inclusive international financial partnerships
MUMBAI, India, Feb. 19, 2026 /PRNewswire/ — Dr. S. Jaishankar, Hon’ble Union Minister for Exterior Affairs, right now inaugurated the World Financial Cooperation (GEC) 2026, a three-day, high-level, worldwide discussion board convened by the Future Financial Cooperation Council (FECC). The discussion board is being organised in cooperation with the Ministry of Exterior Affairs (MEA), Authorities of India, and the Authorities of Maharashtra, with the assist of Shri Devendra Fadnavis, Hon’ble Chief Minister of Maharashtra and Chief Patron of FECC.
Shri Vijay Chauthaiwale, Govt Director, FECC, and In-Cost Overseas Affairs, BJP, reads PM’s message.
Distinguished delegation from Singapore marked their presence at GEC 2026, underscoring the rising depth of India–Singapore financial engagement and a shared dedication to resilient and future-ready international partnerships. Convened at a pivotal second for the worldwide financial system, the discussion board goals to form sensible frameworks for inclusive and future-ready financial cooperation amid shifting commerce architectures and an more and more multipolar world. Delegations from different main international economies, together with France, United Kingdom (UK), United Arab Emirates (UAE), United States (US), Australia, Seychelles and Sri Lanka, had been additionally in attendance.
Throughout his introductory remarks, Shri Vijay Chauthaiwale, Govt Director, FECC, and In-Cost Overseas Affairs, BJP, learn a message from Hon’ble Prime Minister Shri Narendra Modi. Addressing the august gathering, the Prime Minister wrote, “Because the world seems for regular management in unsure instances, India stands out as a beacon of hope, delivering sensible, scalable options to shared international challenges, even because it sustains the uncommon steadiness of excessive development and low inflation. The nation has additionally developed right into a assured and credible voice of the World South, shaping international conversations and contributing to a extra balanced and inclusive world order. One of many defining challenges of our period is taking welfare to the utmost variety of individuals, leaving none behind and reaching this effectively. India has reworked this ambition into actuality by means of world-class Digital Public Infrastructure, making certain that welfare advantages attain residents with a single click on, transparency and accountability.”
In his inaugural tackle, Dr. S. Jaishankar, Hon’ble Minister of Exterior Affairs, mentioned, “The world has entered an unsure period, the place long-standing assumptions are being questioned and key dimensions are remodeling concurrently, be they strategic, political, financial or technological. In such a panorama, the argument for de-risking and diversifying throughout your entire spectrum from sourcing to manufacturing, and to markets, turns into extra compelling by the day. It’s on this context that GEC 2026 assumes relevance, offering a platform to deliberate on resilient provide chains, trusted partnerships and balanced frameworks of world financial cooperation. India’s response has been to additional construct nationwide capabilities, tackle development challenges comprehensively, and have interaction worldwide companions extra intensively from a place of energy. As we transfer in direction of our purpose of Viksit Bharat by 2047, we search not solely to contribute to international development, but in addition to international stability, predictability and belief.”
Commenting on the importance of the discussion board, Shri Devendra Fadnavis, Hon’ble Chief Minister of Maharashtra and Chief Patron of FECC, mentioned, “We meet at a time when the worldwide order is recalibrating. World commerce development is present process a serious upheaval. Provide chains are reorganising. Strategic sectors, semiconductors, vitality, meals, uncommon earth, AI at the moment are embedded in nationwide safety doctrines. Capital flows are more and more guided by geopolitical alignment, not simply returns. On this period of financial statecraft India’s rise shouldn’t be unintentional – it’s structural and GEC 2026 is a platform to architect the following framework of cooperation. From Mumbai, a metropolis constructed on maritime commerce, entrepreneurial spirit and international engagement, allow us to form an financial order that’s resilient, inclusive and strategically secure.”
The discussion board is led by Shri Vijay Chauthaiwale, and Ms. Priyam Gandhi-Mody, Director, FECC. It’s guided by an Advisory Council comprising main business figures of India, together with:
- Mr. Anand Mahindra, Chairman, Mahindra Group
- Mr. Baba Kalyani, Chairman and Managing Director, Bharat Forge Restricted
- Mr. Cyril Shroff, Managing Accomplice, Cyril Amarchand Mangaldas
- Mr. Adil Zainulbhai, Chairman, Network18 Group
In his capability as an advisor, Mr. Baba Kalyani, mentioned, “By way of the FECC we’re on a mission to advance international financial cooperation by selling free commerce, funding flows and resilient financial partnerships, enabling an inclusive and sustainable international order. As you heard within the Prime Minister’s message, India is the quickest rising giant financial system with a big pool of younger workforce – our largest energy right now. We in India consider within the philosophy of Vasudeva Kutumbakam, which emphasises shared prosperity and openness. If harnessed successfully by means of GEC 2026, India can even accomplice with different nations and collaborate with world societies to convey a lot wanted stability, peace, financial and inclusive development the world over.”
Over the following three days, leaders from governments, multilateral establishments and international companies will deliberate on monetary resilience, long-term infrastructure capital, commerce corridors, competitiveness, and provide chain diversification. Classes may also look at synthetic intelligence, know-how transitions, sustainability, ESG priorities, and girls’s management in driving inclusive development.
The GEC 2026 goals to strengthen India’s increasing affect in shaping the path of world financial dialogue at a time when financial energy is more and more subtle throughout a multipolar world. India will leverage this discussion board to advance its place as a trusted financial accomplice, funding vacation spot, and bridge between developed and rising economies.
