GIFT City: India’s Global Financial and IT Hub

GIFT City, or Gujarat International Finance Tec-City, is emerging as India's premier international financial and IT hub, located in Gandhinagar, Gujarat. This development is a strategic effort by India to establish a world-class financial services center integrating financial and IT services, comparable to international hubs like Singapore and Dubai. GIFT City spans a 1,000-acre area, with a long-term expansion plan to reach over 3,300 acres, housing numerous banks, insurance companies, and fintech firms. A notable feature is the 10-year tax holiday offered within a 15-year block for IFSC units. The city is designed to promote sustainable urban development through modern infrastructure, regulatory frameworks conducive to business, and support for fintech innovation. India's government aims to position GIFT City as a global financial hub by 2047, contributing significantly to India's Vision 2047 ambition to become a leading global financial center.

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