New Delhi: The Union Cabinet meeting chaired by Prime Minister Narendra Modi today approved the Rs 1,017 crore Phase 2B project of the Ahmedabad Metro, which provides for laying an extension Metro rail line from GIFT City to the Shahpur stretch. The project involves the expansion of the North–South corridor of the Ahmedabad Metro and aims to further strengthen connectivity between Ahmedabad and Gandhinagar. A new 3.3 km-long metro line will have three new elevated stations. The project durat...Read More

Gandhinagar: The Government of Gujarat has appointed the founder of Kotak Mahindra Bank, Uday Suresh Kotak, as the Chairman of Gujarat International Finance Tec-City Company Ltd. (GIFT City) with immediate effect, replacing Dr. Hasmukh Adhia, IAS (Retd.), who had been serving as the non-executive chairman since June 19, 2023. Dr. Adhia was appointed to the post through a government resolution dated June 19, 2023, in his capacity as Principal Advisor to the Chief Minister of Gujarat. According ...Read More

Gandhinagar: In a move set to further boost the urban progression of Gandhinagar towards Southern direction, the Municipal Commissioner has announced the development of a massive 80-meter-wide road connecting Bhaijipura to Adalaj. This new infrastructure project is expected to act as a crucial link between the city’s two primary arterial routes: the SG Highway and the traditional Ahmedabad-Gandhinagar road via Koba. The proposed 8-kilometer-long road will provide a direct corridor from the ...Read More

New Delhi: The International Financial Services Centre (IFSC) at GIFT City, envisioned as a global financial hub and a key channel for foreign capital inflows, has received a significant fiscal push through enhanced tax incentives. According to the Union Budget announcements, entities established in GIFT City will now be eligible for a tax holiday of 20 years, doubled from the earlier 10-year benefit. Once the holiday period ends, these units will be taxed at a concessional rate of 15%, as outl...Read More

Davos/Gandhinagar: Gujarat International Finance Tec-City (GIFT City) drew strong interest from global financial institutions, investors and technology companies at the World Economic Forum (WEF) Annual Meeting 2026 in Davos, with several firms exploring deeper engagement around India-linked financial services, innovation and cross-border operations, a press release said. Participating at WEF for the first time, GIFT City showcased India’s maiden International Financial Services Centre (IFSC)...Read More

GIFT City: A JPMorgan Chase & Co. entity is set to open a branch at Gujarat International Finance Tec-City (GIFT City) here to trade equities and other financial products, marking another major global bank expanding operations in the country’s low-tax financial hub. As per a Bloomberg report, a JPMorgan spokesperson said the new branch will enable trading in equities, derivatives and other instruments. London-headquartered JPMorgan Securities Plc has received approval from the Internation...Read More

GIFT City: UAE-based multinational logistics company DP World and the largest bank in the United Arab Emirates, First Abu Dhabi Bank (FAB), have been given the go-ahead to establish offices in GIFT City, Gujarat. The announcement is made against the backdrop of the visit of UAE President Sheikh Mohamed bin Zayed Al Nahyan to India on Monday. First Abu Dhabi Bank will open a branch in GIFT City to promote trade and investment ties between India and the UAE. DP World will also operate from GIFT C...Read More

Gandhinagar, January 16: A high-level delegation from Gujarat International Finance Tec-City (GIFT City) will engage with global business leaders, investors and policymakers during the World Economic Forum Annual Meeting in Davos, Switzerland, from January 19 to 23. The delegation will also include top officials from the International Financial Services Centres Authority (IFSCA). The World Economic Forum Annual Meeting is a key global convergence point for leaders from government, business a...Read More

GIFT City: With the aim of strengthening research and development in the artificial intelligence (AI) sector in the country, Chief Minister Bhupendra Patel has given in-principle approval for the establishment of the Indian AI Research Organization (IAIRO) through a tripartite partnership between the Government of Gujarat, the Government of India, and the Indian Pharmaceutical Alliance (IPA). With this initiative, Gujarat becomes the first state in the country to establish an AI research organi...Read More

Gandhinagar: The Gujarat government has introduced major changes to liquor rules in Gujarat International Finance Tec-City (GIFT City), further easing restrictions to make the business hub more globally competitive. The Home Department, through a notification dated December 20, 2025, has amended earlier orders issued in December 2023 and April 2025 under the Gujarat Prohibition Act, 1949, expanding exemptions, simplifying permit procedures and widening access to licensed liquor facilities. ...Read More