Articles tagged under: GIFT

Chartered Speed Signs MoU with GIFT City To Speed Up EV Adoption

May 11, 2022
Chartered Speed Signs MoU with GIFT City To Speed Up EV Adoption

GIFT City, Gandhinagar: Mobility services provider Chartered Speed has signed a Memorandum of Understanding (MoU) with GIFT City – India’s first Smart City and IFSC, to work together towards building a dynamic Electric Vehicles (EV) ecosystem in the city. The collaboration aims to enhance public transport facilities for commuting to and from GIFT city, as well as promote and strengthen EV infrastructure in Ahmedabad and Gandhinagar region. As part of the MoU, Chartered Speed will provide ...Read More

Bank of India establishes Centralised Foreign Exchange back office in GIFT City

May 07, 2022
Bank of India establishes Centralised Foreign Exchange back office in GIFT City

Gandhinagar(Press Release): Bank of India has established its Centralised Foreign Exchange Back Office (FE-BO) in GIFT City Gandhinagar, Gujarat. FE-BO will handle international trade originating from all Branches in India. The Bank enjoys large franchise of Indian exporters and importers. To cater to needs of exporters and importers, Bank has a network of 45 foreign Branches as well as 250+correspondent banks across the globe in addition to 200+ AD Branches in India. Sh.A.K.Das, Managing ...Read More

Shilp Group announces residential project in GIFT City

May 07, 2022
Shilp Group announces residential project in GIFT City

Gandhinagar: Shilp Group- Ahmedabad based real estate developer has announced a residential project in GIFT city Gandhinagar. Shilp groun informed that they will launch a 585-unit strong residential project in the non-processing portion of the SEZ (Special Economic Zone) area of GIFT city. It will have 3 residential towers with 22 floors. The unit size of each apartment will range between 1100 to 1800 square feet. The project will have a build-up area of 5 lakh square feet. It will be availa...Read More

FedEx representatives meet Gujarat CM; Centre of Excellence in GIFT City on cards

May 03, 2022
FedEx representatives meet Gujarat CM; Centre of Excellence in GIFT City on cards

Gandhinagar: The representatives of world's largest logistics company FedEx had a meeting with Gujarat CM Bhupendra Patel to review the possibility of establishing a Center of Excellence in GIFT city. The delegation of FedEx is on a visit to Gujarat under the leadership of Kawal Preet- regional president AMEA FedEx. They also visited GIFT city. CM Patel said in the meeting that such a center of excellence will be helpful for the sectors such as IT, finance, sales, marketing and human resourc...Read More

SBI announces execution of USD 500 Million offshore borrowing from IFSC Gift City Gujarat

April 18, 2022
SBI announces execution of USD 500 Million offshore borrowing from IFSC Gift City Gujarat

Mumbai: India’s largest commercial bank, State Bank of India (SBI), acting through its IFSC Gift City branch, raised 3-year funds of USD 500 million through syndicated loan facility at very fine pricing. Commenting on the transaction, Shri Ashwini Kumar Tewari, Managing Director, SBI said, “The successful launch of Syndicated loan at such a fine pricing demonstrates the kind of reputation SBI has created for itself in offshore financial markets allowing it to efficiently raise funds...Read More

ICICI Bank signs MoU with GIFT SEZ;  The Bank is operational in GIFT SEZ since 2016

April 13, 2022
ICICI Bank signs MoU with GIFT SEZ;  The Bank is operational in GIFT SEZ since 2016

Mumbai: ICICI Bank and GIFT SEZ have signed a Memorandum of Understanding (MoU) to promote GIFT SEZ to Indian as well as global businesses including IT / ITeS and financial services. GIFT SEZ is the country’s first International Financial Services Centre (IFSC) which is being developed as a global financial services hub.  ICICI Bank has been a prominent player in GIFT SEZ with its banking business since 2016.   Ms. Vishakha Mulye, Executive Director, ICICI Bank and Mr. Tapan Ray, MD & Gro...Read More

Expert Committee on Longevity Finance recommends setting up of Longevity Hub at GIFT-IFSC

April 13, 2022
Expert Committee on Longevity Finance recommends setting up of Longevity Hub at GIFT-IFSC

Gandhinagar: International Finance Services Centres Authority (IFSCA) constituted Expert Committee on Longevity Finance, co-chaired by Ms. Kaku Nakhate, Country Head (India), Bank of America and Mr. Gopalan Srinivasan, Ex-CMD, New India Assurance Co. Ltd. submitted its final report to Chairperson, IFSCA on 12th April 2022. The committee examined emerging trends in Longevity Economy globally and observed that people over 60 years are still very much a highly productive demographic group in ter...Read More

PNB inaugurates its International Banking Unit at GIFT City Gujarat

April 08, 2022
PNB inaugurates its International Banking Unit at GIFT City Gujarat

Delhi: Punjab National Bank (PNB), a leading public sector Bank in India, is coming up with IFSC Banking Unit in GIFT City, Gandhinagar, Gujarat. The branch was inaugurated by Shri Atul Kumar Goel, MD and CEO of the bank. Mrs. Vibha Aren, General Manager-International Banking, Shri Binay Kumar Gupta, Zonal Manager-Gujarat and other banking fraternity were present at the event. PNB elaborated that the branch is starting its business with a vision to grow leaps and bounds as the avenues for bus...Read More

IFSCA inks MoU with GVFL to strengthen FinTech ecosystem in GIFT IFSC Gujarat

April 08, 2022
IFSCA inks MoU with GVFL to strengthen FinTech ecosystem in GIFT IFSC Gujarat

Gandhinagar: The International Financial Services Centres Authority (IFSCA) and GVFL Limited signed a Memorandum of Understanding (MoU) at IFSCA’s office at Gift City here today for co-operation and collaboration to support and facilitate FinTech ecosystem in GIFT IFSC. This MoU focuses on collaboration between the two organization for exchange of information and undertaking diverse initiative as regards FinTech industry including holding seminars, webinars, conferences, etc., for the growt...Read More

Grant Thornton Bharat sets up new office in GIFT City, Gujarat

April 05, 2022
Grant Thornton Bharat sets up new office in GIFT City, Gujarat

Gandhinagar: Grant Thornton Bharat, an assurance, advisory and consulting firm commenced operations from its new office in Gujarat International Finance Tec-City (GIFT City)—India’s first operational smart city and International Financial Services Centre (IFSC), on 1 April 2022. The new office has been set up after obtaining requisite approvals. GIFT City’s MD and Group CEO Tapan Ray said, “GIFT City is evolving as the preferred destination for doing business for many renowned Indian ...Read More

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