Gujarat’s GIFT City to be one of top global financial centres

Gandhinagar: Gujarat Chief Minister Bhupendra Patel has said that the Gujarat International Finance Tec (GIFT) City is poised to become one of the world’s premier international financial centres in the coming years.

The GIFT City, located in Gandhinagar, is undergoing massive infrastructure expansion after which the total land area will reach around 3,400 acres, Patel said in an email interview to PTI, ahead of the three-day Vibrant Gujarat Global Summit to be held here from Wednesday. The riverfront along the GIFT City is being developed with an international-level retail, recreation and entertainment zone.

Metro connectivity to the GIFT City will also be operational by mid-2024, he said. “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. Patel said Prime Minister Narendra Modi’s vision for the GIFT City is to create a world-class financial, IT &ITeS and fintech hub to provide services to India and to the entire world.