GIFT City: Why it is important in Gujarat elections

Gujarat International Finance Tec-City (GIFT) is scheduled to be India’s first International Financial Services Centre, and to put it in political perspective, a GIFT from Narendra Modi to the city. This project was conceptualized when Modi was the Chief Minister of the state. As we know, our honorable PM has risen from the grounds of Gujarat, where his work was visible, especially in context of infrastructure development.

Now, why are we talking about GIFT and politics in the first place? We have already answered your question, yet, there is a need to understand the matter a bit more closely. It is not just the infrastructure which is going to get an impetus because of GIFT.

This one initiative has the potential to take the existing business community in Gujarat to the next level. The state will never be the same again, considering the fact that, a multi-service SEZ and an International Exchange trade service will soon be its key highlight.

Gujarat will be a financial hub, with a GIFT city located just 12 km from the Ahmedabad International Airport. The International Exchange, as subsidiary of BSE, will serve the interest of domestic companies to buy foreign currency in bonds, and also, trade securities. Besides, representative from Asia, Africa and Europe can also raise funds from GIFT city.  

How it will change the realty landscape of Gujarat?

This exclusive financial zone in the state is expected to refurbish the city, practically on every aspect. Gujarat will be an integrated city, with all modern facilities and technology in its toe. It is expected to generate many direct jobs, improve transportation and connectivity, raise social and technological infrastructure, to facilitate business from across the world.  

Gujarat is set to be the next Financial Capital of India with the following benefits.

·         A vibrant financial sector

·        Use of latest business tools and advanced technology

·        Smart urban planning including select areas and its development

·        Huge investor interest in the city

·       Setting up of business like IT/ITES, finance companies, SMEs, Insurance, etc, to benefit from swift access to raise capital

The time is not far off when Gujarat will see an influx of people, as a result of improved living standards and benefits. This agenda in the state has the potential to single-handedly hold, voter license, to form the next government in Gujarat.

At this juncture, the GIFT city offers a promising outlook for Gujarat to become urbanely fashionable and sustainable. The real estate market is set for boom, as many new business and people, throng the city.

In addition, the existing residents of Gujarat will also benefit in terms of new urban concepts, such as increased dependency on digital network, and a world-class infrastructure status. It is a win-to-win situation, and yet another brainchild of the visionary leader, now the PM of India, Narendra Modi.