gift city - Estabizz (Business Opportunities - Money Making)
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Item ID 132854068 in Category: Business Opportunities - Money Making
gift city - Estabizz | |
GIFT City – Overview GIFT City, also known as the Gujarat International Finance Tec-City, is a multi-service Special Economic Zone (SEZ) with an International Financial Services Centre (IFSC) and a local financial centre1. It is India's first operational greenfield smart city and international financial services center, promoted by the Government of Gujarat as a greenfield project1. GIFT City is located near the Sabarmati River in Gandhinagar, around 12 km from the Sardar Vallabhbhai Patel International Airport2. The city spans across 886 acres of land and includes office spaces, residential apartments, hotels, retail spaces, schools, hospitals, and clubs, making it a self-sustained city where residents can easily walk to work2. GIFT City is aimed at becoming a global hub for financial services, and the government of India is working closely with various regulators to achieve this goal3. With its focus on fintech and financial services, GIFT City has the potential to contribute significantly to India's growing market in this sector1. Overall, GIFT City offers a unique combination of technology, infrastructure, and facilities to attract national and international businesses in the financial sector1. It is an important initiative to promote economic growth and development in the state of Gujarat. In India, an IFSC is approved and regulated by the Government of India under the Special Economic Zones Act, 2005 Government of India has approved GIFT City as a Multi Services Special Economic Zone (‘GIFT SEZ’) and has also notified this zone as India’s IFSC The launch of the IFSC at GIFT City is the first step towards bringing financial services transactions relatable to India, back to Indian shores IFSC unit is treated as a non-resident under extant Foreign Exchange Management regulations What Is The GIFT City? GIFT City, also known as the Gujarat International Finance Tec-City, is a multi-service Special Economic Zone (SEZ) with an International Financial Services Centre (IFSC) and a local financial centre 1 . It is India's first operational greenfield smart city and international financial services center, promoted by the Government of Gujarat as a greenfield project. Located in the Gandhinagar district of Gujarat, GIFT City spans across 886 acres and includes office spaces, residential apartments, hotels, retail spaces, schools, hospitals, and clubs. It aims to be a self-sustained city where residents can easily walk to work. The goal of GIFT City is to become a global hub for financial services. It is supported by the government of India, which is working closely with various regulators to achieve this objective. GIFT City's focus on fintech and financial services positions it to contribute significantly to India's growing market in this sector. Overall, GIFT City is a unique project that combines technology, infrastructure, and facilities to attract national and international businesses in the financial sector. Its development and promotion reflect the government's commitment to fostering economic growth and development in Gujarat. Conclusion for Gift City In conclusion, GIFT City (Gujarat International Finance Tec-City) is an ambitious project in India that aims to establish an International Financial Services Centre (IFSC) and a global financial hub. It offers a range of financial services and incentives to attract domestic and international businesses. Some notable features of GIFT City include: Diverse Financial Services: GIFT City provides a platform for offshore banking, insurance services, capital markets, asset management, wealth management, and financial technology (FinTech) solutions. Tax Benefits: Companies operating in GIFT City enjoy tax benefits such as exemptions from Minimum Alternate Tax (MAT), Dividend Distribution Tax (DDT), Securities Transaction Tax (STT), and customs duty. Global Standards and Infrastructure: GIFT City is designed to meet international standards in terms of infrastructure, connectivity, and regulatory practices. It aims to provide a conducive environment for businesses to grow and flourish. Promoting Investment and Employment: GIFT City intends to attract global financial institutions and investors, fostering investments in India and creating employment opportunities. Contact Us Call To : +91-9825600907 Email To : info@estabizz.com | |
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| Target State: All States Target City : All Cities Last Update : Dec 19, 2023 6:20 AM Number of Views: 57 | Item Owner : Estabizz Contact Email: Contact Phone: 9825600907 |
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2024-05-02 (0.434 sec)