GIFT City poised to become one of the world's premier international financial centres: Gujarat CM
11 months, 2 weeks ago

GIFT City poised to become one of the world's premier international financial centres: Gujarat CM

India TV News  

Gujarat Chief Minister Bhupendra Patel has said that Gujarat International Finance Tec City will become one of the world's premier international financial centres in the coming years. Highlighting the forthcoming metro connectivity by mid-2024, Patel emphasised Prime Minister Narendra Modi's vision for GIFT City as a world-class financial, IT, ITeS, and fintech hub catering to India and the global market. "I firmly believe that the GIFT City is poised to become one of the world's premier international financial centres in the coming years," he said. "Dholera will serve as a central hub for cluster development, ensuring comprehensive connectivity through initiatives like a four-lane expressway, Metro rail, multi-modal transport, and the Bhimnath-Dholera Freight Rail Line," Patel said.

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History of this topic

Mint Primer | Family offices in GIFT City: In the eye of a storm?
3 months, 3 weeks ago

Mint Primer | Family offices in GIFT City: In the eye of a storm?

Live Mint  

Several investors took to social media to express concern over reports claiming market regulators have stopped allowing family offices to set up investment funds in Gujarat International Finance-Tec City, fearing tax evasion. As per a Bloomberg report on 20 August, GIFT City regulator International Financial Services Centres Authority has halted approvals for family office funds after feedback from the Reserve …

Gujarat International Finance Tec-City | Waiting to be Mumbai
10 months, 4 weeks ago

Gujarat International Finance Tec-City | Waiting to be Mumbai

The Hindu  

Down the banks of the Sabarmati river, about 10 km from Mahatma Gandhi’s austere ashram where time has stood still, is a city of high-rise, glass-fronted smart buildings. Spread across 1,000 acres, Gujarat International Finance Tec-City, or GIFT City, is the current Prime Minister, then Chief Minister of the State, Narendra Modi’s 2008 dream. Amid a slew of incentives to …

Vibrant Gujarat Summit sees billion-dollar pledges: Check key announcements
11 months, 2 weeks ago

Vibrant Gujarat Summit sees billion-dollar pledges: Check key announcements

Live Mint  

The 10th Vibrant Gujarat Global Summit, which commenced on January 10, witnessed a flurry of investment pledges and announcements across various sectors. Track Live Updates | Vibrant Gujarat Summit LIVE Updates: PM Modi says India's port infrastructure secures new investments from UAE companies Here are some of the top announcements India to be third largest economy by 2027-28, says Nirmala …

Gujarat has set target to become $500 billion economy by 2026-27: CM Patel
11 months, 2 weeks ago

Gujarat has set target to become $500 billion economy by 2026-27: CM Patel

The Hindu  

January 09, 2024 12:15 pm | Updated 01:40 pm IST Gujarat Chief Minister Bhupendra Patel has said his government has set a target to contribute 10 per cent to India's GDP and become a ₹500 billion economy by 2026-27. Gujarat contributes 8.3% to the national Gross Domestic Product, Mr. Patel said in an email interview to PTI ahead of the …

Opposition parties in Gujarat slam move to allow liquor use in GIFT City
1 year ago

Opposition parties in Gujarat slam move to allow liquor use in GIFT City

The Hindu  

December 23, 2023 10:29 pm | Updated December 24, 2023 07:32 am IST - Ahmedabad The Gujarat government’s move to allow liquor consumption in GIFT City campus has triggered strong reactions from the Opposition Congress and Aam Aadmi Party as the parties have called the decision as a step to backdoor removal of prohibition in the State. To attract foreign …

India’s GDP reflects strong economy and reforms: PM Modi. Top 10 Updates
1 year ago

India’s GDP reflects strong economy and reforms: PM Modi. Top 10 Updates

Live Mint  

Prime Minister Narendra Modi hailed India's robust economic growth, speaking at the 'Infinity Forum 2.0' conference at GIFT City via video link, he emphasised the pivotal role of transformative reforms conducted over the past decade in fostering this progress. Modi hailed India's growth, citing a GDP surge of 7.7 percent in the initial half of the fiscal year as evidence …

PM Modi aims to make GIFT City a centre for sustainable finance, speaks on India's GDP growth
1 year ago

PM Modi aims to make GIFT City a centre for sustainable finance, speaks on India's GDP growth

Hindustan Times  

Prime Minister Narendra Modi on Saturday said India's gross domestic product or GDP growth of 7.7 per cent in the first six months of the current fiscal year is a reflection of the country's strengthening economy and the transformative reforms carried out in the last 10 years. Addressing the 'Infinity Forum 2.0' conference at the GIFT City in Gandhinagar via …

India's GDP growth is reflection of transformative reforms of last 10 years: PM Modi
1 year ago

India's GDP growth is reflection of transformative reforms of last 10 years: PM Modi

The Hindu  

Prime Minister Narendra Modi on December 9 said India's GDP growth of 7.7% in the first six months of the current fiscal year is a reflection of the country's strengthening economy and the transformative reforms carried out in the last 10 years. This is a reflection of India’s strengthening economy and also the transformative reforms carried out in the last …

GIFT City unveils exciting global investment opportunities for HNIs
1 year, 7 months ago

GIFT City unveils exciting global investment opportunities for HNIs

Live Mint  

There is good news for high net worth individuals. Hence, our choice has been to set up a unit in GIFT City that caters to international investment services for Indian nationals," said Pramod Gubbi of Marcellus. If not for GIFT City, Indian managers might have had to set up a fund outside India, such as in Singapore or Dubai, which …

Budget 2023: Major boost for Gujarat’s GIFT City as govt ends dual regulation
1 year, 10 months ago

Budget 2023: Major boost for Gujarat’s GIFT City as govt ends dual regulation

Hindustan Times  

The Union Budget 2023 delegated powers under the special economic zone Act to International Financial Services Centres Authority to avoid dual regulation. The policy support laid out by the Union government will certainly act as a catalyst in expediting the growth of GIFT City thus making it a vibrant global financial hub for domestic and international entities,” said Tapan Ray, …

IFSC a path-breaking financial reform: Economic Survey
1 year, 10 months ago

IFSC a path-breaking financial reform: Economic Survey

Hindustan Times  

India’s maiden International Financial Services Centre in Gujarat International Finance Tec-City at Gandhinagar has been a path breaking financial reform, underpinning the country’s increasingly liberal outlook towards capital account convertibility, according to the Economic Survey report released on Tuesday. “Given this backdrop, setting up and operationalising India’s maiden IFSC in GIFT City has been a path-breaking financial reform underpinning India’s …

‘Centre creating enabling policies; States also need to work to woo investors’
2 years, 2 months ago

‘Centre creating enabling policies; States also need to work to woo investors’

The Hindu  

Even as the Centre is pushing to position India as an alternative to China for manufacturing of electronics through various policy initiatives, the State governments now need to play their role in welcoming investors to tap the huge opportunity in the sector, the Minister of State for IT and Electronics Rajeev Chandrasekhar told The Hindu. “The government of India is …

GIFT City explained: History & tax incentives of India’s first ‘Smart City’
2 years, 3 months ago

GIFT City explained: History & tax incentives of India’s first ‘Smart City’

The Hindu  

August 29, 2022 03:45 pm | Updated 03:48 pm IST The story so far: In a major milestone for his dream project, the Gujarat International Finance Tec-City, Prime Minister Narendra Modi on July 29 launched the India International Bullion Exchange – the nation’s first such exchange. Highlighting India’s first ‘IT services hub’ — the Gujarat International Finance Tec-City city — …

India accounts for 40% of global digital payments: PM Modi at the launch of country's first bullion exchange in Gujarat
2 years, 4 months ago

India accounts for 40% of global digital payments: PM Modi at the launch of country's first bullion exchange in Gujarat

Firstpost  

The exchange will facilitate efficient price discovery with the assurance of responsible sourcing and quality, apart from giving impetus to the financialisation of gold in India New Delhi: “India accounts for 40 percent of total global digital payments in the world,” PM Narendra Modi said as he inaugurated India’s first international bullion exchange at GIFT City in Gujarat on Friday. …

IFSC GIFT City | Financial hub, a work in progress
2 years, 9 months ago

IFSC GIFT City | Financial hub, a work in progress

The Hindu  

A subsidiary of the National Stock Exchange on Thursday introduced a facility by which Indian retail investors can directly trade in stocks that are listed on the U.S. stock exchanges. The subsidiary – NSE IFSC – is registered at the International Financial Services Centre at the Gujarat International Finance Tec-City, a financial district located between Ahmedabad and Gandhinagar in Gujarat. …

GIFT city emerging India’s first greenfield smart city
3 years ago

GIFT city emerging India’s first greenfield smart city

The Hindu  

Around seven km from Gujarat’s capital Gandhinagar, on the banks of the Sabarmati river in approximately 886 acres, once a barren land along the river is now emerging as the country’s first greenfield integrated city — a dream project Prime Minister Narendra Modi had envisaged as Chief Minister. Now operational with more than 200 entities which have set up their …

GIFT: Will takeover by Gujarat expedite work on Modi's utopian city?
3 years, 4 months ago

GIFT: Will takeover by Gujarat expedite work on Modi's utopian city?

Business Standard  

GIFT: Will takeover by Gujarat expedite work on Modi's utopian city? Touted as India's offshore alternative to Singapore and Hong Kong, the IFSC, located in GIFT City, which is about a tenth of the size of Vatican City, offers many incentives to Indian businesses Premium Every single national budget since 2017-18 has provided massive policy incentives to GIFT city Sai …

Gujarat Government Announces Exemption of Stamp Duty for Aircraft Leasing at GIFT City
3 years, 9 months ago

Gujarat Government Announces Exemption of Stamp Duty for Aircraft Leasing at GIFT City

News 18  

The Gujarat government has announced that the booming international business of aircraft leasing will be exempted from stamp duty at Gujarat International Finance Tec City, the global financial hub in India. Finance Minister and Deputy Chief Minister Nitin Patel also announced a provision of Rs 100 crore for capital investment to GIFT City. Apart from that, a provision of Rs …

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