Gandhinagar: Gujarat Metro Rail Corporation(GMRC) has today announced the timings of metro trains connecting Motera station in Ahmedabad to Sector-1 station in Gandhinagar. The service under phase-2 is going to be launched by Prime Minister Narendra Modi on 16 September, and it will be available to the people on 17 September. The two routes shall be Motera to Sector - 1 via GNLU. And GNLU to GIFT city. The services from Motera Stadium Metro station to Sector 1 Metro station will be from 8 am ...Read More

Gandhinagar: The Reserve Bank of India has issued a circular today regarding the Remittances to International Financial Services Centres (IFSCs) under the Liberalised Remittance Scheme (LRS) Welcoming this, Tapan Ray, Managing Director and Group Chief Executive Officer of GIFT City said -“We at GIFT IFSC welcome the Reserve Bank of India's recent circular expanding the scope of the Liberalised Remittance Scheme (LRS). This decisive move aligns GIFT IFSC with other global financial centers, al...Read More

Gandhinagar: The Gujarat government signed an MoU with Microsoft on Saturday to establish an Artificial Intelligence (AI) Center of Excellence at GIFT City.  The MoU was signed in the presence of Chief Minister Bhupendra Patel in a program held by the Science and Technology Department in Gandhinagar. Microsoft, NASSCOM, and IBM have collaborated with the Gujarat government to advance AI capabilities in the state. The government has signed an MoU with Microsoft to set up an AI Center of Excel...Read More

Gift City Gujart, Gandhinagar: Axis Bank inaugurated its first domestic retail branch at Gujarat International Finance Tec-City (GIFT City) for both retail and institutional customers. The new branch is located at Tower D, WTC Block No. 51, Road No. 51, Shop 10 & 11, GIFT City, Gandhinagar, Gujarat, India – 382355. The new domestic retail branch at GIFT City will complement Axis Bank’s existing banking unit, which focuses exclusively on international business within the International Fina...Read More

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

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

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

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

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

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