Articles tagged under: GIFT

ADB approves USD 23 million loan for Fintech at GIFT City

February 23, 2024
ADB approves USD 23 million loan for Fintech at GIFT City

Gandhinagar: The Asian Development Bank (ADB) has approved a USD 23 million loan to enhance access to quality fintech education, research, and innovation at the Gujarat International Finance Tec-City (GIFT) in Gujarat. DeshGujaratRead More

PM Narendrabhai Modi to launch Rs. 13,000 crores projects from Mehsana on Feb 22

February 21, 2024
PM Narendrabhai Modi to launch Rs. 13,000 crores projects from Mehsana on Feb 22

Gandhinagar: Prime Minister Shri Narendra Modi will visit Gujarat on February 22, during which he will unveil various development projects for the state. In Mehsana, he will inaugurate and lay the foundation stone of projects worth more than ₹13,000 crores across various departments. Chief Minister Shri Bhupendra Patel will also remain present during the event in Mehsana. Inauguration of The Gujarat Fiber Grid Network, valued at ₹2042 crore, part of BharatNet Phase-2 The Prime Minister...Read More

Digital Financial Service Security Lab at GIFT City, Indian Inst of Science Edu & Research to come up in Gujarat

February 02, 2024
Digital Financial Service Security Lab at GIFT City, Indian Inst of Science Edu & Research to come up in Gujarat

Gandhinagar: The Gujarat government has proposed to set up a Regional Digital Financial Services Security Lab at GIFT City, Gandhinagar for the Asia-Pacific region of the International Telecommunication Union. The budget presented today by Finance Minister Kanubhai Patel has made a provision of Rs. 2.24 crore for this purpose. The State government also plans to introduce the Gujarat IT/ITES Startup policy for 2024-29 for which Rs. 10 crore provision has been made in the State budget. The g...Read More

Gujarat govt provisions Rs 152 crore for Fintech hub, Riverfront in GIFT City

February 02, 2024
Gujarat govt provisions Rs 152 crore for Fintech hub, Riverfront in GIFT City

Gandhinagar: Gujarat government today said GIFT City in the State will be expanded from 900 acre to 3300 acres. Finance Minister Kanubhai Desai in his budget speech announced Rs. 52 crore for setting up a Fintech hub in GIFT City. He also announced Rs. 100 crore provision for building a Riverfront on the bank of River Sabarmati in GIFT City. In his speech, the minister said, "Gift City has emerged as a global finance hub. Gift city will be developed as a planned green city by expanding ...Read More

ONGC Videsh incorporates wholly owned subsidiary in GIFT City Gujarat

January 10, 2024
ONGC Videsh incorporates wholly owned subsidiary in GIFT City Gujarat

Gandhinagar: Navratna company ONGC Videsh Ltd. (OVL) today in a note said it has incorporated a wholly owned subsidiary OVL Overseas IFSC Ltd. (OOIL) in GIFT City, Gujarat. This GIFT city entity will function as the Global Treasury Centre to cater to the treasury activities of OVL and its 25 subsidiaries (including step-down subsidiaries) spread across 15 countries. Given the business-friendly regulatory environment in GIFT City, OOIL expects to efficiently consolidate funds available with th...Read More

Yotta to set up AI data centre in GIFT City Gujarat by March-end: Trivedi

January 10, 2024
Yotta to set up AI data centre in GIFT City Gujarat by March-end: Trivedi

Gandhinagar: Shankar Trivedi, Senior Vice President of NVIDIA today while speaking at the Vibrant Gujarat Summit here said that the partner company Yotta will set up a state of the art Artificial Intelligence (AI) data centre in GIFT City in Gujarat. He said the facility will be available and go live before the end of the month of March. "Our partner Yotta is setting up a state of the art AI data centre here in GIFT City and it will be available and go live before the end of March," he said. Des...Read More

Electric Double Decker Bus of GSRTC launched at GIFT City Gujarat

January 07, 2024
Electric Double Decker Bus of GSRTC launched at GIFT City Gujarat

Gandhinagar: Gujarat Chief Minister today flagged off an electric bus at GIFT City here. He along with MoS Transport Harsh Sanghavi also took a ride off the bus. A 231 kw battery capacity bus is made in India by global company Switch Mobility. Charging of its battery takes one and a half hours. Such a bus earlier this year started moving on the roads of Mumbai also. Gujarat State Road Transport Corporation (GSRTC) which functions under the Government of Gujarat plans to purchase five such ...Read More

More details on FL-3 license for liquor catering and consumption in GIFT City

December 27, 2023
More details on FL-3 license for liquor catering and consumption in GIFT City

Gandhinagar: More details have emerged regarding the guideline for liquor catering and consumption in GIFT City in Gandhinagar under the newly introduced FL-3 license. The details are as follows: FL-3 license is only for hotel, club, restaurant that seek to cater liquor to those doing job in GIFT City or authorized visitors. Such hotel, club, restaurant can get FL-3 license after producing required documentary evidences before the Director of Nashabandhi department after required checks by t...Read More

GUVNL headquarters likely to shift to GIFT City

December 24, 2023
GUVNL headquarters likely to shift to GIFT City

Gandhinagar: Headquarters of Gujarat Urja Vikas Nigam Ltd (GUVNL), the power distribution arm of Gujarat government is likely to be shifted to GIFT city in Gandhinagar from its existing location in Vadodara. GUVNL's arm Gujarat Energy Transmission Corporation (GETCO) has floated a tender for leased space of 45,000 square ft in GIFT City. The decision has been taken as the officials of GUVNL need to travel to Gandhinagar frequently from Vadodara for meetings with the State Energy department. ...Read More

DSP Asset Managers opens subsidiary company office at GIFT City Gujarat

November 28, 2023
DSP Asset Managers opens subsidiary company office at GIFT City Gujarat

GIFT City, Gandhinagar: DSP Asset Managers Private Limited (“DSP AMC”) today announced the inauguration of its wholly owned subsidiary company office at GIFT City, Gandhinagar. DSP Fund Managers IFSC Private Limited, the wholly owned subsidiary of DSP AMC in a statement said it has received Fund Management Entity (Retail) registration from the International Financial Services Centres Authority (“IFSCA”). It will be positioned as DSP AMC’s offshore hub and will provide both Indian inves...Read More