Mumbai, Jan 19 (IANS) Underscoring the vision of ‘Insurance for All by 2047’ as roadmap for inclusive insurance growth, M. Nagaraju, Secretary, Department of Financial Services (DFS), said on Monday that the Indian insurance sector, an integral part of the financial system, plays a significant role in the economy by providing protection against mortality, property and casualty risks, encouraging savings, and providing long-term funds for infrastructure development and other long-gestation pr…
Latest GIFT City News & Updates
New Delhi, Jan 5 (IANS): Upstream public sector giant Oil and Natural Gas Corporation Limited (ONGC) on Monday signed joint venture agreements with Japan’s Mitsui O.S.K. Lines Ltd. (MOL) for a 50 per cent stake each in two joint venture entities — Bharat Ethane One IFSC Private Limited and Bharat Ethane Two IFSC Private Limited, registered in Gift City at Gujarat’s Gandhinagar.”The Maharatna company will subscribe to 2,00,000 equity shares, of Rs 100 per share, in each of the joint venture …
Gandhinagar, Dec 30 (IANS) In a move to strengthen India’s artificial intelligence (AI) ecosystem, Gujarat will operationalise the Indian AI Research Organisation (IAIRO) from January 1, 2026, under a Public-Private Partnership (PPP) model. Chief Minister Bhupendra Patel has granted in-principle approval for the initiative, making Gujarat the first state in the country to establish such an institution through a PPP framework.Aligned with the vision of Prime Minister Narendra Modi and under the…
Gandhinagar, Dec 29 (IANS) A recent NITI Aayog report on the globalisation of higher education has praised the Gujarat government’s pioneering initiative of establishing the Gujarat Biotechnology University (GBU) at GIFT City nearly five years ago, calling it a model that closely aligns with the national vision for internationalising higher education in India. According to the report, Gujarat took a decisive step as early as 2020 by setting up GBU in Gandhinagar, positioning itself ahead of many…