Interesting facts about the GIFT CITY

Ebizfiling

1.

GIFT, conceived in 2007 with McKinsey's help, aims to be a global financial hub rivaling London, New York, and Hong Kong.

2.

Modi inaugurated GIFT City's tallest tower, 129 meters high with 29 floors, for offices in finance, investment, trade, and IT sectors.

3.

GIFT City, covering 886 acres, is developed by a joint venture between the Gujarat government and IL&FS.

4.

The Rs. 60,000-crore GIFT City will include a financial SEZ, corporate offices, housing, trade centers, and key infrastructure.

5.

Banks from Singapore, UN agencies, and organizations like the IMF will open offices in GIFT City.

6.

GIFT City uses waste for biomass energy, testing new technologies before they're adopted in other cities.

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