Question
An international finance centre called GIFT city is
being constructed in the state of:Solution
Gujarat International Finance Tec-City or GIFT city is an under constructin business district between Ahmadabad and Gandhinagar in Gujarat. It will be nurtured as a global financial hub like Singapore, Newyork, Dubai, Hong Kong. For this, a Special Purpose Vehicle (SPV) has been created called GIFT Ltd. This SPV is the result of cooperation of Gujarat Urban Development Cooperation Ltd and Infrastructure Leasing & Financial Services Ltd (IL&FS).
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