GIFT City Expands as Global Finance Hub

GIFT City in Gujarat, India, is becoming a very important place for international finance.

The city has grown quickly and is now ranked 43rd in the world among financial centers.

It has attracted big companies like JP Morgan and Morgan Stanley.

The city is also focusing on getting more Global Capability Centers (GCCs), Global Innovation Centers (GICs), and centers of excellence.

These centers help companies with their global operations and support functions.

The city is also working on improving its social infrastructure and talent pool to support its growth.

By 2030, it aims to have 100,000 workers.

The city's success is shown by the high number of registrations and global interest, not just by financial figures.

It has already leased more than 400 aircraft and has a strong presence in asset management.

The city's growth is supported by bilateral trade agreements and the strong economic growth story of India.