Syllabus: GS-III
Subject: Economic Development
Topic: Infrastructure development.
Issue: GIFT CITY.
Context: The 10th Vibrant Gujarat Global Investment Summit, scheduled for January 10-12 in Gandhinagar, will be inaugurated by PM Narendra Modi.
Synopsis:
- Over 100 countries and 30 partners will participate. The summit focuses on futuristic technologies at GIFT City, including semiconductors, green hydrogen, and FinTech.
- A roadshow with the UAE President precedes the event.
- PM Modi will open the Global Trade Show, hold bilateral meetings, and discuss sustainability and innovation.
- The Global FinTech Leadership Forum at GIFT City will feature interactions with global business leaders. Security measures are in place, and the Netherlands may sign 3.6 billion Euros in investment agreements.
| GIFT City:Key Features:
·             Strategic location, smart, sustainable, and green infrastructure. ·             Singapore Arbitration Centre for dispute resolution; International Bullion Exchange underway. ·             Aims to repatriate financial services conducted offshore back to India. Benefits: ·             Central government support and tax exemptions make GIFT City attractive for national and multinational firms. ·             International standard infrastructure enhances the business environment and quality of life. ·             GIFT City’s growing appeal anticipates increased significance as more companies establish operations in this dynamic hub. |
Conclusion: The 10th Vibrant Gujarat Global Investment Summit promises to be a significant platform for international collaboration, showcasing opportunities, and discussing global trends
