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The name "GIFT" is an acronym that stands for "Gujarat International Finance Tec-City". The word "Gujarat" refers to the western Indian state where the city is located."International" signifies that the city is intended to be a global hub for financial and business services, attracting businesses and investors from around the world.
The GIFT International Financial Services Centre (GIFT IFSC) is a financial centre and special economic zone in Gujarat International Finance Tec-City (GIFT City) covering 106 ha (261 acres) established in April 2015 as a financial hub to provide world-class infrastructure and services for financial institutions and companies operating in areas such as banking, insurance, capital markets, and ...
The SGX Nifty had long been a key indicator for India's domestic stock market indices. [8] The transition to GIFT Nifty was part of a broader strategy to centralize international financial services in GIFT City, a hub for India's financial sector and a key initiative under the Smart Cities Mission started by Prime Minister Narendra Modi.
Overview: Best investments in 2024 1. High-yield savings accounts. Overview: A high-yield online savings account pays you interest on your cash balance. And just like a savings account at your ...
In December 2015 the first International Financial Services Centre (IFSC) in India was set up in Gujarat International Finance Tec-City (GIFT City). [5] In 2019 the Government of India enacted an Act of Parliament called the International Financial Services Centres Authority Act, 2019. [6] [7] [5]
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Night view of GIFT City 1.svg 1,792 × 1,013; 758 KB Night view of GIFT City.svg 2,186 × 748; 295 KB TIER - IV Data Centre, GIFT City.svg 1,808 × 990; 1.27 MB
Dholera Special Investment Region (DSIR) is a greenfield industrial planned city near Dholera in Gujarat's Ahmedabad district, around 100 kilometers to the south-west. [2] [3] spread over more than 920 km 2 it is a new industrial city being jointly developed by the Government of India and Gujarat. Dholera is strategically located, well ...