India Needs More GIFT Cities To Accelerate Economic DevelopmentThe Financial Districts and The GIFT CityThe Global recognition of GIFT CityThe growth of the country's economy because of GIFT CityInfrastructure: Development of an advanced infrastructure, including smart buildings, sustainable energy solutions, and efficient and modern transport facilities. International Financial Centre: GIFT City, India's first International Financial Services Centre (IFSC), is designed to cater to the demand for international financial services in India, allowing international transactions in foreign currency and expanding India's financial market. GIFT City, India's first International Financial Services Centre (IFSC), is designed to cater to the demand for international financial services in India, allowing international transactions in foreign currency and expanding India's financial market. India's Global Financial Presence: The city's partnerships with other global financial entities strengthen India's global presence in the financial market, allowing Indian-origin companies to work efficiently with globalized financial entities. Cyril Amarchand Mangaldas, said "we need to build schools and recreational spaces in the GIFT City, rather than focusing more on infrastructure, for the companies and their employees to create a base in GIFT City.

Source: Economic Times October 12, 2024 07:05 UTC