Country's first smart city, GIFT City or Gujarat Finance Tec-City, which has already executed transactions of $2 billion and invested over Rs. 2,000cr, has secured investment commitment of Rs. 10,000-cr and will double job generation avenues in the city shortly, MD & Group CEO Ajay Pandey, said reiterating that the IFSC (International Financial Services Centre) has already commitment of another Rs. 10,000-cr investment. GIFT has three zones — a domestic tariff area where any services' business can set up shop; a Special Economic Zone (SEZ) with all the accompanying facilities; and an IFSC, where units enjoy a 10-year tax holiday and are exempt from securities transaction tax, commodities transaction tax, dividend distribution tax, and long-term capital gains tax. The area to be developed in GIFT City is 62 million square feet, of which, development rights for the first phase of 10 million sq.ft already been given. 2 million square feet is already operational, housing institutions such as India INX of the BSE, SBI, ICICI Bank, and Bank of Baroda and the NSE's international exchange is also likely to become operational by March end this year, he claimed.
📅Published on:
25 February 2017
🔗Share:
We Value Your Comment
⭐How useful is this information?
Submitting...
03
Thanks for your rating! ✌️ We’d love to hear more - share your thoughts by leaving a comment
Allcargo Logistics Limited has announced its initiative to enable FMCG companies to navigate increasingly fragmented inventory flows through integrated,
GHV Infra Projects Limited has secured a road construction and civil works contract worth Rs 815 crore from APCO Infratech Private Limited in Maharashtra.
JCB India announced the inauguration of a new facility of its dealer, Caculo Earthmovers in Karaswada, North Goa, further strengthening its presence in the
The Godhra–Vadodara section of the Delhi–Mumbai Expressway has been completed and opened for traffic on a trial basis from April 13, 2026, according to the
The Rajasthan State Industrial Development and Investment Corporation will invest Rs 1,200 crore to upgrade infrastructure across more than 450 industrial
Dubai has completed its first air taxi station near Dubai International Airport, marking a major step toward launching electric air mobility services later
Informa Markets in India is gearing up to host the 23rd edition of Roof India, Asia’s premier exhibition for roofing and allied products, from 23–25 April 2026
NBM Media
30+ years of reporting on infrastructure, construction, architecture, & real estate across print, digital, and social media.
