Ahmedabad (Gujarat) [India], June 28 (ANI): Infosys founder NR Narayana Murthy on Friday said that scholarships are a very important tool of recognition and necessary for youngsters to excel in their careers.

'To provide an opportunity to people who excel in whatever they do, you need incentives. At this point, thanks to the PM, we have lofty ambitions and big dreams. Everyone accepts that we should encourage anyone who excels in any area or on any occasion. Therefore, scholarships become a very important tool of recognition, and they are necessary if we want youngsters to excel in whatever they do,' Murthy said while addressing the gathering during an event at IIM Ahmedabad.

Infosys founder NR Narayana Murthy visited the Gujarat International Finance Tec-City (GIFT City) in Gandhinagar on Friday and lauded the rapid progress being made, expressing appreciation for the world-class infrastructure and the growing number of international companies establishing operations there.

During his visit, he held a detailed meeting with GIFT City Chairman Hasmukh Adhia, GIFT City Managing Director and Group CEO Tapan Ray, and K Rajaraman, Chairman of the International Financial Services Centres Authority (IFSCA).

According to a press release, Murthy was briefed on the wide range of initiatives and developments currently underway at GIFT City. He noted that such developments are critical to positioning GIFT City as a global hub for financial and technology services, as well as fintech innovation.

Notably, Infosys has set up a new development centre at GIFT City, which was inaugurated on June 7 this year. This centre will offer a state-of-the-art facility for over 1,000 employees in a hybrid working model. It will function as a key TechFin hub, delivering advanced digital solutions for global BFSI clients. Its services will span critical domains, including digital banking, regulatory affairs, trade finance, capital markets, cards and payments, as well as risk and compliance management. (ANI)