India’s first operational Smart City and IFSC, Gujarat International Finance-Tec City (GIFT City), has won the prestigious Associated Chambers of Commerce and Industry of India (ASSOCHAM) Services Excellence Award. At a summit held in New Delhi, GIFT SEZ was honoured for its contribution to the growth of the International Financial Services and Technology Hub in India, Ajay Pandey, Managing Director and Group CEO, GIFT City, said in a statement here on 06 September 2017.
The event recognised the contribution made by GIFT City in the financial services and technology sector in India. The services sector is a dominant contributor to the GDP of India and GIFT City holds great potential in attracting significant foreign investment flows, contribute to export of services as well as provide large-scale employment. The Awards were presented in the categories of Tourism and Hospitality, International Financial Services and Technology Hub, Banking and Financial Services, Insurance, IT/ITES etc.
GIFT City, India’s first International Financial Services Centre (IFSC), is operational with approximately 10 leading banks, 2 international exchanges (India INX and NSE IFSC), around 100 capital market players and 8 insurance companies having established their operations here. Various leading IT/ITeS and BSFI have commenced their operations at GIFT in the domestic services zone as well. Nearly 200 institutions/units are currently operational at GIFT City employing 7,000 people and are expected to exceed 10,000 by end of the year.