📷 Image: Wikimedia Commons / Vijay Parmar
Business
Other Indian States Seek Their Own GIFT City, Gujarat CEO Responds
✍️ NDTV
🗓 23 Aug 2026, 04:03 AM
👁 5
Several Indian states have expressed interest in creating finance‑tech hubs similar to Gujarat’s GIFT City, prompting the Gujarat GIFT City CEO to comment on the state’s stance.
The Gujarat International Finance Tec-City (GIFT City) has attracted attention from other state governments that are exploring the possibility of establishing comparable financial and technology zones within their jurisdictions. In a recent interview, the chief executive of GIFT City addressed the growing interest, stating that Gujarat welcomes healthy competition and believes its model can serve as a benchmark for the nation.
The CEO emphasized that GIFT City’s development is driven by a clear regulatory framework, robust infrastructure, and a focus on attracting global financial services. While acknowledging the enthusiasm of other states, he clarified that Gujarat does not view the interest as a threat but rather as an opportunity to collectively boost India’s position in the global financial ecosystem.
Officials from the Gujarat government have reiterated their commitment to further expanding GIFT City’s capabilities, including upcoming phases of commercial real estate, data centres, and green‑energy initiatives. The dialogue between states is expected to continue, with the aim of sharing best practices and fostering coordinated growth across the country’s emerging financial hubs.
The CEO emphasized that GIFT City’s development is driven by a clear regulatory framework, robust infrastructure, and a focus on attracting global financial services. While acknowledging the enthusiasm of other states, he clarified that Gujarat does not view the interest as a threat but rather as an opportunity to collectively boost India’s position in the global financial ecosystem.
Officials from the Gujarat government have reiterated their commitment to further expanding GIFT City’s capabilities, including upcoming phases of commercial real estate, data centres, and green‑energy initiatives. The dialogue between states is expected to continue, with the aim of sharing best practices and fostering coordinated growth across the country’s emerging financial hubs.