GIFT to invest in infrastructure for a year
Ahmedabad- In a recent launch, the upcoming International Financial Services Centre, the Gujarat International Finance-Tech City which is located in Gandhinagar will be investing a whooping sum of Rs. 2000 crore for a year. This investment by GIFT is done to set up the infrastructure.
The Gujarat government is planning to hardshell GIFT in the financial sector from India as well as for the upcoming Vibrant Summit. One of the USP during the summit by GIFT would be the unveiling of its tower on January 10 which will in turn create platforms to start courses through foreign universities.
A sum of Rs. 300 crore will be invested by the Gujarat government and a sum of Rs. 800 crore will be invested by Infrastructure Lease and Finance Limited (IL&FS) which is also a partner for the project. GIFT which will be operational by the end of May this year will launch its second tower by March followed by the launch of four more towers.
Apart from this project, India International Textile Machinery Exhibition (ITME) society is also coming up with another project costing another Rs. 2,000 crore.
There are various plans sketched by GIFT for the upcoming year making it one of the popular investment units for an entire year.
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Image courtesy of Salvatore Vuono at FreeDigitalPhotos.net
Ahmedabad, Gujarat Government, Gujarat International Finance-Tech, Gujrat infrastructure, India International Textile Machinery Exhibition (ITME), Infrastructure Lease and Finance Limited (IL&FS), International Financial Services Centre, Vibrant Summit.
