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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