Gandhinagar, July 23 (IANS) The Comprehensive Economic Partnership Agreement (CEPA) between India and the United Arab Emirates has helped make the UAE India’s third-largest business partner, Gujarat Chief Minister Bhupendra Patel said on Thursday while inaugurating ‘Investopia Global – Ahmedabad’, highlighting the expanding economic relationship between the two countries. Addressing the inaugural session, Patel said the 2022 CEPA had brought about a “historic transformation” in bilateral economi…
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Gandhinagar, July 22 (IANS) The Gujarat government on Wednesday launched a coordinated initiative involving banks and the police to strengthen the state’s response to cyber fraud, with a particular focus on freezing stolen funds during the crucial “golden hour” immediately after a complaint is lodged. The initiative was discussed at a high-level meeting chaired by Deputy Chief Minister Harsh Sanghavi at GIFT City in Gandhinagar, bringing together heads of leading banks, senior police officers an…
Gandhinagar, July 18 (IANS) Gujarat has emerged as India’s leading investment destination after securing the top position among 17 major states in NITI Aayog’s first ‘Investment Friendliness Index 2026’, reflecting its performance across policy, infrastructure, governance and business facilitation. The state scored 56.6 points in the inaugural index, ahead of Maharashtra at 53.7 and Tamil Nadu at 53.3.The assessment examined 84 indicators grouped under eight pillars covering the entire investmen…
Gandhinagar, July 15 (IANS) Gujarat Chief Minister Bhupendra Patel spent his 65th birthday by engaging in official work, holding a series of departmental review meetings and inspecting key infrastructure projects, while receiving birthday greetings from national leaders and public representatives. According to the officials, Patel began the day by attending the State Cabinet meeting before continuing with review meetings involving several departments, including the Urban Development Department a…
New Delhi, July 13 (IANS) The chiefs of public sector banks (PSBs) and financial institutions informed Finance Minister Nirmala Sitharaman on Monday that there was a strong response from NRIs to the higher interests rates and incentives that have been announced across foreign currency non-resident bank deposits FCNR (B) deposits, External Commercial Borrowings (ECBs) and Overseas Foreign Currency Borrowings (OFCBs) swap initiatives.The banks expect funds flowing in from NRIs to pick up further m…
New Delhi, July 10 (IANS) In a major policy reform aimed at strengthening India’s maritime services ecosystem, the Union government has exempted units established in the International Financial Services Centre (IFSC) at GIFT City in Gandhinagar, from the licensing requirement under the Coastal Shipping Act for chartering foreign vessels for EXIM and international trade operations. The reform is expected to strengthen GIFT City as a globally competitive maritime leasing and financing hub, facilit…
Gandhinagar, July 9 (IANS) Gujarat government unveiled its ‘Data Center Policy 2026-29’ on Thursday, with Chief Minister Bhupendra Patel describing it as a step towards state’s emergence as the country’s preferred destination for data centre investments. Launching the policy at an event attended by Deputy Chief Minister Harsh Sanghavi, Science and Technology Minister Arjun Modhwadia, Chief Secretary M. K. Das, senior bureaucrats, industry representatives and investors, the Chief Minister said th…
New Delhi, July 9 (IANS) The next generation of global capability centres (GCCs) will be driven by the strength of the ecosystem they operate in rather than location or incentives alone, Sanjay Kaul, Group CEO and Managing Director of GIFT City, said on Thursday.Speaking at the session on “The Evolving GCC Ecosystem: Key Insights” during the second edition of the National CII GCC Business Summit organised by the Confederation of Indian Industry (CII) in New Delhi, Kaul said the rapid adoption of…
Gandhinagar, July 9 (IANS) The Gujarat government on Thursday launched the ‘Viksit Gujarat – Data Centre Policy 2026-29’, a dedicated policy aimed at attracting investments in hyperscale data centres, artificial intelligence infrastructure and digital services, with Chief Minister Bhupendra Patel unveiling the policy booklet at a state function in Gandhinagar.Deputy Chief Minister Harsh Sanghavi, Science and Technology Minister Arjun Modhwadia, Chief Secretary Manoj Kumar Das, senior government …
New Delhi, July 7 (IANS) India’s International Financial Services Centre (IFSC) Gujarat International Finance Tec-City (GIFT City) on Tuesday announced collaboration with Vietnam International Financial Center – Da Nang (VIFC-DN), a newly established financial hub, to share institutional knowledge and best practices.The two institutions recently signed an MoU that aims to help Vietnam develop its international financial center and pave the way for cross-border investment across countries.“Ha…