The history & tax incentives of India’s first Smart City

Prime Minister Modi conceptualised the project in 2008, as Chief Minister of Gujarat

The story so far: In a major milestone for his dream project, the Gujarat International Finance Tec-City (GIFT), Prime Minister Narendra Modi on July 29 launched the India International Bullion Exchange (IIBX) – the nation’s first such exchange. The Exchange will be constructed in the heart of GIFT city – an international financial services hub conceptualised by Mr. Modi in 2008.

Highlighting India’s first ‘IT services hub’ — the Gujarat International Finance Tec-City (GIFT) city — Mr. Modi said that with the launch of the International Financial Services Centres Authority (IFSCA), India had joined the league of global financial centres like the United States, the United Kingdom and Singapore.  Read More...