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 it from 900 acres to 3,300 acres. This will create a unique identity of Gift City as “a city of a million dreams”. With completion of the proposed development works in Gift City, the concepts of “Walk to Work” and “Live-Work-Play community” will be realized. These development works will include a 4.5 km long riverfront, recreational zone, educational institutes, healthcare facilities, metro connectivity and central park.”

The FM announced, “a provision of ₹52 crore to setup ‘Fin-Tech Hub’ at Gift City and a provision of ₹100 crore to develop Sabarmati Riverfront near Gift City, Gandhinagar.”

Desai was presenting his third budget as a Finance Minister today. DeshGujarat