Gujarat's fintech dominance

Everything is fin

GIFT City is a gift from our Prime Minister in its truest form.

• A new business destination offering a competitive edge to financial services and technology-related activities.
• Built of about 62 million sq ft of the built-up area would be developed and 67 percent of it would be commercial space, 22 percent residential space, and 11 percent as social space.
• Offer a new realm of transparency in the Gold Global Market.
• Making India a financial superpower.

There are tonnes of reasons for us to succeed in the world of fintech.

• According to the Ministry of Finance, Sitharaman formally approved Rs 269.05 crore for the supervisory technology fund for IT infrastructure and Rs 200 crore for the headquarters building.
• During her one-day visit to GIFT City on Saturday, Union Finance Minister Nirmala Sitharaman announced the approval of two IFSCA applications totaling Rs 469 crore.
• Yotta Infrastructure, the Hiranandani Group's data center business in India, is in discussions to obtain Rs 4,000 crore in funding to fuel its data center business expansion.
• A memorandum of understanding (MoU) was signed by Yes Bank and GIFT City, India's first operational smart city and International Financial Services Centre (IFSC), to boost GIFT City's fintech ecosystem.
• To expand international investment, the budget may tackle some hurdles that crop up as one looks at the International Financial Services Centre (IFSC) in GIFT City as a quasi-foreign territory through the prism of the Foreign Exchange Management Act (FEMA),
• As per the last official estimate given by the Minister of State for Electronics & information technology Rajeev Chandrasekhar on March 17, around $200 million of the nearly $1 billion stuck in SVB was attributable to Indian companies, was transferred to Gift City accounts.
• Australian University - Dekin, which will be the first foreign education institution to set up a campus in GIFT City (Gujarat International Finance Tec-City), will roll out academic programs from July 2024
• After a feasibility study by consulting firm McKinsey and Co, GIFT was launched as a joint venture between the state-run Gujarat Urban Development Co. Ltd and Infrastructure Leasing and Financial Services Ltd (IL&FS), with an initial outlay of Rs 78,000 crores.
• Recently, on August 23, Chartered Speed Ltd. launched a fleet of four electric buses and 20 e-bikes to aid commuters to GIFT City. The company has plans to expand the fleet to 50 electric buses in the coming 12 to 18 months.
• A Plethora of fintech brands came to celebrate the financial capital of India at Gujarat's international finance tech city. Oracle was amongst the first.

‘Everything is fin’
because of Guj fintech city.
You can also become a part of the fintech world as
Fintech is growing, and so is you!

So when are you coming to visit GIFT City and enhance your finance?