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GIFT City: Difference between revisions
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'''Gujarat International Finance Tec-City''' ('''GIFT City''') is [[central business district]] under-construction in [[Gandhinagar]] and [[Ahmedabad]] in [[Gandhinagar district]] in [[Gujarat]], India. It is India's first operational [[Greenfield land|greenfield]] [[smart city]] and international financial services center, which the [[Government of Gujarat]] promoted as a [[greenfield project]]. | '''Gujarat International Finance Tec-City''' ('''GIFT City''') is [[central business district]] under-construction in [[Gandhinagar]] and [[Ahmedabad]] in [[Gandhinagar district]] in [[Gujarat]], India. It is India's first operational [[Greenfield land|greenfield]] [[smart city]] and international financial services center, which the [[Government of Gujarat]] promoted as a [[greenfield project]]. | ||
GIFT City, an emerging global [[financial]] and [[IT services]] hub and a first-of-its-kind in India, is designed to be at or above par with globally benchmarked business districts. GIFT City presents us with a one-time opportunity to create a “Delaware-like island” that while being under Indian control, can provide entrepreneurs and investors with the best of both worlds. | GIFT City, an emerging global [[financial]] and [[IT services]] hub and a first-of-its-kind in India, is designed to be at or above par with globally benchmarked business districts. | ||
GIFT City presents us with a one-time opportunity to create a “Delaware-like island” that while being under Indian control, can provide entrepreneurs and investors with the best of both worlds. | |||
Let India-based entrepreneurs incorporate in Gift City, let them accept investments in any currency from investors around the world (barring those from defined restricted jurisdictions, e.g. neighboring countries, sanctioned countries), let them hold money in USD or INR, let Indian residents be allowed to invest freely. Let them list in the NSE/BSE or on NASDAQ/HongKong or London Stock Exchanges. When entrepreneurs or employees or investors based in India make money, or companies become profitable, just set it up so that they pay their taxes in India, regardless of where they get listed themselves. | Let India-based entrepreneurs incorporate in Gift City, let them accept investments in any currency from investors around the world (barring those from defined restricted jurisdictions, e.g. neighboring countries, sanctioned countries), let them hold money in USD or INR, let Indian residents be allowed to invest freely. Let them list in the NSE/BSE or on NASDAQ/HongKong or London Stock Exchanges. When entrepreneurs or employees or investors based in India make money, or companies become profitable, just set it up so that they pay their taxes in India, regardless of where they get listed themselves. | ||