GIFT SEZ provides approval to 28 entities.
GIFT SEZ provides approval to 28 entities.
Around 28 entities bagged approval for setting up units in the Gujarat International Finance Tec-City (GIFT City)'s SEZ virtually, as part of a new approval process was created for unit approval in the special economic zone (SEZ) in time of Covid-19.
GIFT city, which is located between Ahmedabad and Gandhinagar, has been touted as the template for all the other Smart Cities announced by the government.
The Development Commissioner of GIFT SEZ alongside GIFT SEZ authorities met up with all the members of the unit approval committee via teleconference.
All the appliance documents and therefore the details were submitted online by the units, with the whole agenda prepared and circulated online to all or any the committee members. The expected employment generation by these entities in 2-3 years time is around 2000 jobs.
Representatives of GIFT City said the new reform will enable India to become a net exporter of monetary services, being in sync with the vision of GIFT City as a platform for onshoring financial services business, presently being lost to other financial centers across the planet .
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01-2026
