CAPITAL GATEWAY
Business Today India|February 04, 2024
IN THE MAKING FOR OVER A DECADE, INDIA'S ONLY INTERNATIONAL FINANCIAL CENTRE, GIFT CITY NOW SEEMS TO BE TAKING SHAPE WITH FOCUSED POLICIES AND REGULATORY CLARITY. THERE'S GROWING INTEREST FROM INVESTORS AND MORE CONFIDENCE ON THE GROUND BUT A FEW MORE POLICY TWEAKS MAY BE NEEDED
SURABHI
CAPITAL GATEWAY

“WE ENJOY WORKING here and it’s largely no different from working in Delhi or Mumbai. But we wish the social life were a little better. There’s not much to do after work,” say Niharika and Seema (names changed on request) who are walking down for lunch at their office cafeteria when this writer bumps into them. The 20-somethings have been working with a foreign bank at GIFT City in Gujarat, for the past one and a half years. “There are a lot of young people like us working here who live in Ahmedabad or Gandhinagar,” they say, and before rushing off for lunch, point towards the hectic construction activity taking place all around.

If there’s one phrase that can describe GIFT City— spread across 1,000 acres of land and just a 20-minute drive from Ahmedabad’s Sardar Vallabhbhai Patel International Airport—right now, it is furious activity. Work is on at a frenzied pace—residential apartments, a school and even a hospital are being built around offices in steel and glass towers that are humming with people, amid vast expanses of vacant land. Announced in June 2007, Gujarat International Finance Tec-City or GIFT City, one of India’s long-standing ambitions to house an international financial services centre (IFSC) on the lines of the ones in Singapore and Dubai, is ready for take-off.

Considered a pet project of Prime Minister Narendra Modi, it has got a boost from the central government in recent years. Several companies in the financial services space have set up shop in GIFT City, which currently has an estimated 400 offices, where 26,000 people work.

Bu hikaye Business Today India dergisinin February 04, 2024 sayısından alınmıştır.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

Bu hikaye Business Today India dergisinin February 04, 2024 sayısından alınmıştır.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

BUSINESS TODAY INDIA DERGISINDEN DAHA FAZLA HIKAYETümünü görüntüle
"Focus on the challenge of each customer"
Business Today India

"Focus on the challenge of each customer"

SHASHANK KUMAR MD & CO-FOUNDER I RAZORPAY Razorpay is India's first full-stack financial solutions company

time-read
1 min  |
December 08, 2024
PEDAL ON THE FUTURE
Business Today India

PEDAL ON THE FUTURE

THE MG WINDSOR EV, WITH ITS FUTURISTIC AND MINIMALIST DESIGN, COMBINES THE BEST OF BOTH WORLDS-COMFORT AND TECHNOLOGY

time-read
1 min  |
December 08, 2024
BREATHE EASY
Business Today India

BREATHE EASY

Whether you're battling allergies, looking to remove pollutants, or simply want to breathe easier, the right air purifier can make a difference

time-read
2 dak  |
December 08, 2024
The Taste of India in a Glass
Business Today India

The Taste of India in a Glass

FROM ROYAL LIQUEURS TO DISTILLED MAHUA, INDIAN HERITAGE ALCOHOLIC BEVERAGES ARE HAVING THEIR DAY IN THE SUN

time-read
4 dak  |
December 08, 2024
LOOK BEFORE YOU LEAP
Business Today India

LOOK BEFORE YOU LEAP

IN 2025, INVESTORS WILL NEED TO FACTOR IN VOLATILITY ACROSS ASSET CLASSES

time-read
5 dak  |
December 08, 2024
MISSING ADVISORS
Business Today India

MISSING ADVISORS

INDIA HAS JUST ONE INVESTMENT ADVISOR FOR NEARLY EVERY 200,000 INVESTORS. AT A TIME WHEN RETAIL PARTICIPATION IN THE STOCK MARKETS IS BOOMING, THIS ASSUMES SIGNIFICANCE

time-read
7 dak  |
December 08, 2024
TURNING A CORNER
Business Today India

TURNING A CORNER

SHARED ELECTRIC MOBILITY START-UP YULU'S SHIFT TO SERVICING THE QUICK COMMERCE SECTOR IS HELPING IT GROW FAST. IT IS NOW FOCUSSING ON IMPROVING ROAD SAFETY FEATURES AS IT TURNS EBITDA POSITIVE

time-read
5 dak  |
December 08, 2024
REALITY CHECK
Business Today India

REALITY CHECK

INDIAN STOCK MARKETS PLUNGED BEGINNING OCTOBER FOR A HOST OF REASONS, INCLUDING A FALL IN FII OWNERSHIP. HOW DEEP WILL THE CORRECTION BE?

time-read
6 dak  |
December 08, 2024
TRUMP'S TRADE TANGO
Business Today India

TRUMP'S TRADE TANGO

The return of Donald Trump as the 47th President of the US has put the global economy on edge. India, too, is unlikely to remain unaffected. How will policymakers meet this latest challenge?

time-read
9 dak  |
December 08, 2024
"The essence of the Trump administration will be transactional”
Business Today India

"The essence of the Trump administration will be transactional”

Global investor, analyst, and best-selling author Ruchir Sharma decodes why Donald Trump won the elections, what India should do, the risks, and more

time-read
10 dak  |
December 08, 2024