Chief Minister expressed confidence that C.A. professionals would contribute to promoting Gujarat as a financial outsourcing destination.
FinTech BizNews Service
Mumbai, April 20, 2025: Chief Minister Shri Bhupendra Patel said that under the leadership of the Prime Minister, India is advancing toward becoming the world’s third-largest economic superpower, with the CA community playing a key role as the intellectual property of the country’s economic and social framework. He further emphasized that the role of Chartered Accountants now extends far beyond traditional financial management, positioning them as key contributors to the realization of Viksit Bharat.
Speaking at the Members Meet of ‘The Institute of Chartered Accountants of India’ in Ahmedabad, the Chief Minister highlighted that the visionary leadership of Prime Minister Shri Narendra Modi has ushered in a new era of financial discipline across the country. He noted that Gujarat stands at the forefront of this transformation, setting a benchmark in sound and prudent financial management. He further remarked that when Prime Minister Shri Narendra Modi took charge of the nation's governance, he boldly undertook the monumental task of overhauling the country’s complex tax system and outdated legal frameworks. There was a time when the cumbersome processes and lax enforcement led many to shy away from paying taxes, often seeking loopholes to evade them. However, under Prime Minister’s decisive leadership, India has witnessed one of the most significant tax reforms in its history, fostering greater transparency, compliance, and trust in the system.
Chief Minister Shri Bhupendra Patel highlighted that the Prime Minister successfully implemented the world's largest tax reform by introducing GST under the slogan ‘One Nation, One Tax’. With the implementation of GST, shortcomings in the country’s tax structure were addressed, resulting in increased revenue and a significant boost to development. He also mentioned that the total GST collection for March 2025 stood at ₹1.49 lakh crore, which represents an 8.79% increase compared to the previous year.
Speaking about Gujarat's development, the Chief Minister said that with simplification in trade and industry, policy-driven governance, and the success of the Vibrant Summit, Gujarat has become a role model for development. Moreover, Gujarat is the first choice for investors from across the world. He further added that GIFT City, a global financial hub for fintech, has also become a center of attraction for investors. The Chief Minister expressed confidence that C.A. professionals would contribute to promoting Gujarat as a financial outsourcing destination.
Speaking on sustainable development, the Chief Minister mentioned that Gujarat has always prioritized environmental preservation alongside development. Gujarat has become a model for sustainable development through green growth. Therefore, Chartered Accountants from various states should deliberate on current and future topics such as green finance and carbon accounting at this Members Meet. He added that with your collective contributions, Gujarat will also become a pioneer state for sustainable finance in the vision of Viksit Bharat 2047.
The Chief Minister expressed confidence that while the Prime Minister has taken a pledge for Viksit Bharat @ 2047 with the mantra of good governance, it is equally essential to build a financially stable, empowered, healthy society and preserve the environment by 2047.
The Chief Minister said that while aiming to build a Viksit Bharat by 2047, it is equally important to create a healthy environment and a financially stable, strong, and healthy society. The Prime Minister has introduced nine resolutions as voluntary social responsibilities for every citizen, including Catch the Rain, Ek Ped Maa Ke Naam, Swachhata Mission, Vocal for Local, Desh Darshan, Natural Farming, Healthy Lifestyle, Yoga and Sports, and Assistance to the Poor. The Chief Minister expressed confidence that the Institute of Chartered Accountants of India will contribute to achieving these nine resolutions.
On this occasion, ICAI President Shri Charanjot Singh Nanda, Vice President Shri Prasanna Kumar D, former ICAI President Shri Aniket Sunil Talati, ICAI CCM Shri Purushottam Khandelwal, and Ahmedabad Branch Chairman Shri Neerav Agrawal inspired the members through their insightful addresses.
The Members Meet of ‘The Institute of Chartered Accountants of India’ held in Ahmedabad witnessed the presence of national-level office bearers, members of Team Ahmedabad Branch, former office bearers, institute members, and a large number of students pursuing C.A.
