New MD appointed at GIFT City

GIFT City, India’s first international financial services centre, has appointed former Corporate Affairs Secretary and Gujarat cadre IAS officer Tapan Ray as the next Managing Director. The 1982-batch IAS officer was given additional charge as interim Economic Affairs Secretary recently. Further, he had also served as Joint Secretary at the Department of Defence, and was also on the board of the Securities and Exchange Board of India (SEBI). With a career spanning more than three decades, Ray has held several key positions in the Ministries of Defence, Textiles, Power, Science & Technology, and Planning in the Government of India. Our Bureau