17+ New Upcoming huge investment's in Gift City Gujarat - New Upcoming Companies in

#giftcitygandhinagar #giftcity #investment #gujarat #gandhinagar
New Upcoming companies , Banks ,University, multinational company in gift city
1. **Introduction to GIFT City**:
Located in Gujarat's Ahmedabad district, GIFT City is a central business district under construction.
It is India’s first international financial services center, situated near the Sabarmati River, between Gandhinagar and Ahmedabad, and 12 km from Sardar Vallabhbhai Patel International Airport.
Initiated by Prime Minister Narendra Modi in 2007 as Gujarat's Chief Minister, aiming to establish a major global democracy hub in India.
2. **Investments in GIFT City**:
Vibrant Gujarat Global Summit 2024 saw MoUs worth ₹41,299 crore signed, involving major companies like Reliance, Tata, and Adani Group.
**Adani**: ₹1,689 crore investment in a ship leasing firm within GIFT SEZ.
**StepTrade Services**: Launching a ₹1,000 crore fund for startups and businesses.
**IIBX**: Traded 908 metric tons of silver and 7.9 metric tons of gold in just 3.5 months, establishing a major bullion trading hub.
**CAMS (Computer Age Management Services)**: Opening a new office in GIFT City.
**Deakin University**: Received 6,000 applications for 100 seats.
Two more Australian universities are planning to enter GIFT City.
**Vistara**: Financed two Airbus A320neos through GIFT City.
**IFSC Authority (IFSCA)**: Formed a committee to transform GIFT City into a climate finance hub.
Two stock exchanges in GIFT City to be merged into a mega stock exchange.
GIFT City includes 35 fintech units, daily trading volumes averaging $30.6 billion, and India’s first international bullion exchange.
GIFT City’s IFSC houses 580 operational companies, including banks, insurance companies, fintech firms, and professional services.
Future investments from Google, Paytm, and Insurance Corporation of India, and involvement of Deakin and Wollongong Universities, along with an American university.
**OPS Global**: Received a license to open an international financial services center in GIFT City.
**Bank of America**: Opened a global business services center in GIFT City.
**Accor**: Opened the first international hotel in GIFT City, Grand Mercio.
Rupee-dollar trading to start in GIFT Futures Market.
**JP Morgan Chase, Deutsche Bank, Mitsubishi UFJ Financial Group**: Opened new offices in GIFT City in July 2022.
Prime Minister Narendra Modi launched the Singapore Exchange’s futures trading operation "Nifty" and India’s first international bullion exchange.
RBI allowed resident Indians to open foreign currency accounts in GIFT City.
3. **Development Highlights**:
Establishment of an Autonomous Alternative Dispute Resolution Centre (ADRC) and an International Court in three phases.
The ADRC will handle arbitration and dispute resolution with powers similar to a High Court, except for writ and criminal jurisdiction.
4. **Infrastructure and Facilities**:
Advanced infrastructure includes district cooling, smart water management, and automated waste management systems.
Designed for a high-quality living environment with schools, parks, and clubs, following a walk-to-work concept.
5. **Business Environment**:
Provides a business-friendly environment with facilities for foreign currency transactions without capital controls.
Offers tax benefits and a favorable regulatory structure, making it attractive for global investors and NRIs.
6. **Conclusion**:
Positioned to become a major financial and business center in India, competing with global financial hubs.
Challenges include sustaining development and competitive advantages for long-term success.
This comprehensive summary includes all the major investments and highlights the key aspects of GIFT City.
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[@prashantjadav2083]

Love from Gujarat 😊

[@natubhaijadav4519]

Very good sir

[@TalksWithKavya]

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