GIFT City: Difference between revisions

GIFT City (edit)

445 bytes removed , 31 December 2022

Anonymous user

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 GIFT City has dedicated Multi Services Special Economic Zone (SEZ) for international operations of various services sectors players. Also within the GIFT Multi Services SEZ, GIFT houses India's first International Financial Services Center (IFSC) approved by the Government of India.<ref name="Bloomberg 2022">{{cite news |last1=Rodrigues |first1=Jeanette |last2=Sircar |first2=Subhadip |title=India’s Free-Market Oasis Aims to Take On Singapore and Dubai |url=https://www.bloomberg.com/news/features/2022-11-29/which-city-will-be-next-singapore-or-dubai-new-india-finance-hub-has-big-plans |access-date=29 November 2022 |work=[[Bloomberg News]] |date=29 November 2022 |language=en}}</ref>
-For the purpose of implementation of the SEZ, GIFT Company Limited has set up an SPV (Special Purpose Vehicle) (100% subsidiary of GIFTCL) namely GIFT SEZ Ltd, designated as the developer organization of the SEZ. GIFTCL has also set up 5 subsidiary companies for the implementation of specialized infrastructure including Power, Water, ICT (Information & Communication Technology), District Cooling and solid waste management.<ref name=":4" />
 ==History==