What is GIFT city and what are its objectives?

Solution

GIFT city, or Gujarat International Finance Tec-City, is a special economic zone located in Gujarat, India. It was set up with the objective of promoting international financial services and creating world-class infrastructure to attract businesses to India. The city has been developed as a hub for finance and technology companies, with facilities such as commercial and residential space, a state-of-the-art convention center, and a specialized training center for financial services. It is also the first smart city to be developed in India with features such as automated traffic management, intelligent waste management, and a city-wide Wi-Fi network. Therefore, option B is correct.