Palestinian Authority President Mahmoud Abbas announces legislative elections in late November, Govt committee backs ban on 'Satluj', cites 'sovereignty', 'security' concerns,

GIFT City’s surge past $100 billion turnover mark: Gujarat CM Patel

Positioning India as a competitive global financial hub, Gujarat’s GIFT City has recorded rapid growth in financial activity and international participation, prompting Chief Minister Bhupendra Patel to describe it as a “vibrant reality driving economic growth.” The Chief Minister said the project, envisioned by Prime Minister Narendra Modi during his tenure in Gujarat, has evolved from an initial concept into a fully operational international financial hub. “GIFT City stands today as a powerful testament to India’s rising stature in the global financial ecosystem. What began as a bold and futuristic idea has now developed into a fully operational international financial hub, placing Gujarat and India firmly on the world map of finance and innovation,” Patel said.
The GIFT city now hosts more than 1,150 registered entities and a banking ecosystem exceeding USD 100 billion, with monthly exchange turnover also crossing the USD 100 billion mark. Patel said this scale reflects increasing global participation and growing trust in India’s financial infrastructure. Patel also underlined the employment potential generated by the project, noting that it is creating thousands of high-quality jobs, particularly for young professionals in finance, technology, and allied sectors.

Gujarat International Finance Tech-City is home to India’s first operational International Financial Services Centre, overseen by a unified regulator that streamlines governance across banking, insurance, capital markets, and fund management. The centre offers tax incentives and simplified regulations, attracting a diverse range of global and domestic players, including banks, insurance companies, fintech firms, and fund management entities.

(State Correspondent)


Newsinc24 is now on telegram. Click here to join our channel @newsinc24 and stay updated with the latest news from politics, entertainment and other fields.

Related Items

  1. Gujarat CM Bhupendra Patel reviews flood situation in Surat

    Full Story

  1. Gujarat unveils Data Centre Policy 2026-29 to attract tech investments

    Full Story

  1. Several Gujarat districts on flash flood alert as heavy rain batters state

    Full Story

My Cartoon


image1


Photos

Food & Lifestyle

The AI advantage: A new era for bakery businesses

Preparing a bakery for AI integration does not require advanced technical knowledge. It begins with organising essential business information.

Read More

Crime

CBI-DRI bust wildlife trafficking racket, rescue animals, birds, 6 nabbed

In a joint operation, CBI & DRI  busted an inter-state wildlife trafficking racket and rescued 53 protected animals and birds.

Read More

Opinion

Talent has no title

India wants a future-ready, skills-first workforce for an economy being reshaped by technology and new sectors.

Read More

Credibility Matters at Newsinc24.com because it is a website that gives you fast and accurate news coverage. It provides news related to politics, astrotalk, business, sports as well as crime. Also it has book promotion too. We known for our credibity. You can contact us for your querries on our email address. And, If you want to know more about us, then check the relevant pages for this purpose.