Jump to content

Gujarat GIFT City Trading Crosses 3000 Crores


LuvNTR

Recommended Posts

Two stock exchanges were established in the city last year, and government exemptions recently made trading virtually tax-free. The city will also have its own financial regulator, part of an effort to reduce red tape and bureaucracy faced by foreign investors. 

Pandey and other city leaders boast that the Income, capital, GST tax breaks, low property prices and other incentives mean that moving operations to GIFT City have helped some companies reduce costs by up to 80%.

The new exchanges based in the city, including one called India INX launched this year by the Bombay Stock Exchange, are the only ones in India to allow trading in US dollars.

Investors are taking notice -- when trading started 15 months ago, the exchange hosted daily trading worth around $1 million. On Monday, that number crossed $500 million for the first time.

http://money.cnn.com/2018/03/28/investing/india-gujarat-gift-city-foreign-investment/index.html

CBN emi seyyaleda?? manam emi seyyalema??  :mellow:

Link to comment
Share on other sites

gift city gujarat india 2

GIFT City is currently just a handful of buildings, with others under construction.

 

 

The city currently consists of just a handful of structures -- three large office buildings to which workers are bussed from surrounding areas, a school and a data center. Its first residences will be ready by May, and a four-tower World Trade Center complex is expected to be completed in the next two years.

Transportation links are good: Ahmedabad airport is only a 25 minute drive.

GIFT City has already attracted close to $2 billion in real estate investment, and Pandey expects that number could eventually rise to nearly $11 billion.

The CEO admits that competing with Singapore or Hong Kong is still a long way off.

"Those cities were not built overnight... we have a lot of catching up to do," he said. "If you look at it, the right set of building blocks are being put in place."

Link to comment
Share on other sites

This is what Modi team and now decide

RBI Governor - Urjit patel
Past: Urjit patel Gujarat petro 25,000 fraud loss pushed on Nation ONGC

CBI Director - Rakesh Asthana from Gujarat
Past: caught by CBI and named with proofs in chargesheet is now heading this while his case hearings going

Chief election Commisoner: Achal Kumar Jyoti (no wonder Gujarat election date posponed for Modi speeches....No wonder Today Karnataka election date came from BJP spokesperson before CEC)
Past: Gujarat Chief secretary

NITI Ayog: NO place for south Indians

CBSE Chairman: Anita Karwal,gujju batch
SSC Chairman-Gujju

Gujarat is the only regional language where you can write JEE exams...Rejected this request for all other states.

BJP head: Amit shah(anything more required)!!!!

 

Link to comment
Share on other sites

2 hours ago, rk09 said:

oka vela next term non-BJP govt vasthe, idi vundanisthara?

asalu, super marketing strategies. its all because of PMO

Benefits undavu. silent ga teesestharu. Not only this. Many railway projects will get cancelled. 

Link to comment
Share on other sites

17 hours ago, AnnaGaru said:

This is what Modi team and now decide

RBI Governor - Urjit patel
Past: Urjit patel Gujarat petro 25,000 fraud loss pushed on Nation ONGC

CBI Director - Rakesh Asthana from Gujarat
Past: caught by CBI and named with proofs in chargesheet is now heading this while his case hearings going

Chief election Commisoner: Achal Kumar Jyoti (no wonder Gujarat election date posponed for Modi speeches....No wonder Today Karnataka election date came from BJP spokesperson before CEC)
Past: Gujarat Chief secretary

NITI Ayog: NO place for south Indians

CBSE Chairman: Anita Karwal,gujju batch
SSC Chairman-Gujju

Gujarat is the only regional language where you can write JEE exams...Rejected this request for all other states.

BJP head: Amit shah(anything more required)!!!!

 

 

 

What's app lo spreading cheyyadam started..

 

Non Gujju gaallu vunte Mud Slinging chesi maree gujju gallaki isthunnatlunnadu..

Link to comment
Share on other sites

Archived

This topic is now archived and is closed to further replies.

  • Recently Browsing   0 members

    • No registered users viewing this page.
×
×
  • Create New...