Connect with us


India Developing a New “GIFT CITY”, like HK & Singapore To Attract Foreign Investments in India



Can building a whole new city increase foreign investments in India? The map of India, specifically Gujarat, will soon have a new addition. GIFT City is being built from barren lands as a measure to enhance foreign investments in India. This new city is not just going to attract more foreign investments but is also slated to be at par with global financial hubs like HK and Singapore.

GIFT City or Gujarat International Finance -Tech City lies in an otherwise barren land spread across approximately 885 acres in Gujarat. The City’s CEO stated that GIFT has everything required to be on par with globally recognised financial centres.

Advanced Infrastructure and Opportunities for Foreign Investments in India at Gift City

The new city already has 2 stock exchanges that were built last year and the current exemptions by the government have virtually made trading tax-free. GIFT city is also slated to have its own regulator for finance to curb red tape and bureaucratic discrepancies that deter foreign investments.  Lower real estate prices, tax exemptions and many other incentives have enabled many companies to reduce expenses by up to 80 percent. This allows global investors an opportunity for foreign investments in Indian with competitive tax benefits.

Also Read: Is Growing Chinese Influence Hampering Pakistan FDI and Turning Investors Away?

While foreign investments were the main driving force the city is also targeting potential investors within India. The 2 stock exchanges in the city will be the only in the country allowing US dollars trading. As reported by CNN, the CEO of Bombay Stock Exchange stated that

“Eventually GIFT city should become a vehicle or a place for people from across India like Hong Kong has acted for China in the last 30 or 40 years”

From a Foreign Investments Hub to a Home

The main aim now is to make GIFT city appealing as not just a hub for foreign investments but making it a home for people. Currently, there are 3 office buildings with bus shuttles to and fro from surrounding areas for workers, 1 school and 1 data centre. The city will have its very first residential complex ready by May and a 4-tower WTC complex within the next 2 years. It is well connected and just about 30 minutes by road, from the airport in Ahmedabad.

All efforts are being taken to make this a globally recognised financial hub that not just brings in foreign investments but also challenges current leaders like Singapore and HK.

Other News:




Asia Pacific10 hours ago

Indian Army Has Deployed Additional 100,000 Troops Near The LAC – Top Chinese General

Despite the sixth round of Corps Commander level meeting between India and China which failed to provide any significant breakthrough,...

F18-India-Deal F18-India-Deal
Featured10 hours ago

NATO Commitment Forces Germany To Acquire F-18 Super Hornets & Reduce Number Of Typhoons

German President Frank-Walter Steinmeier is looking to procure the new Eurofighter Typhoons and F-18 Super Hornets to bridge the gap...

Expert Reviews12 hours ago

‘Hot Winters’ Ahead – China Says PLA Needs To Teach A Harsh Lesson To ‘Insincere’ India – OPED

The portents of war between China and India seem to be getting more and more darker by every passing day....

Featured18 hours ago

SAAB Delivers Gripen-E Jets To Brazil; Offers ‘Exceptional Deal’ To The Indian Air Force

With India’s new FDI model under the new indigenization drive, SAAB has seen it as a lucrative offer and is...

Europe19 hours ago

After Rafale Jets, This Air Force Wants Stealth F-35s That Was Once Meant For Turkey?

While some recent reports indicated that with the arrival of F-35s, UAE cold shed some of its F-16s and sell...

j20-vs-tejas j20-vs-tejas
Asia Pacific20 hours ago

Taiwanese Expert Says ‘Bathrooms Best Place To Hide’ During Chinese Air Raids, Missile Attack

As tensions between China and Taiwan are only increasing day by day, former Ministry of Defense advisor Sung Chao-wen on...

Featured23 hours ago

Indian SU-30 MKI Jets Loaded With BrahMos Missiles Practice Hitting Chinese Assets Far Away From Ladakh

Soaring tensions between India and China in Ladakh has seen both the sides deploying thousands of troops, heavy artillery and...

China-and-India China-and-India
Asia Pacific23 hours ago

India-China War Highly Unlikely; Beijing Only Testing Indian Resilience – Experts

India-China War: The joint statement following the meeting said that ministers had a “frank and constructive discussion on the developments...

imran-khan imran-khan
Featured1 day ago

India, Pakistan Clash At UNGA – Indian Diplomat Walks Out As Imran Khan Goes All-Out Over Kashmir

India strongly reacted to Pakistan PM Imran Khan's speech at UNGA calling it a 'diplomatic low'. India's envoy to the...

J-10VSF-16 J-10VSF-16
Featured1 day ago

Next US Intervention In Taiwan & There Would Be No Taiwan – China

Amid suggestions for the United States to deploy its troops to Taiwan, Chinese military experts have warned that any such...