Several Dubai-based organisations are keen to develop the Gujarat International Finance Tec-City (GIFT City) project near Gandhinagar, state Finance Minister Saurabh Patel said here today.
Patel had been to Dubai between August 8 and 10 to promote the state government-backed GIFT City project, along with Chairman of GIFT City Sudhir Mankad and Additional Chief Secretary of Finance Department Hasmukh Adhia, an official release said.
During the visit they met authorities of Dubai International Finance Centre (DIFC), Dubai Multi Commodity Centre (DMCC) and Dubai Metro, with a view to develop GIFT City as a global financial hub, he said in the release.
Overwhelming response to participate in the development of GIFT City and in Gujarat particular shows the confidence being posed in India by Dubai, the release added.
"The authorities of these organisations shared their experience of developing DIFC and the DMCC and they also agreed to exchange informations with GIFT officials," it said.
It said that these organisations also agreed to enter into MoU to collaborate in the development and promotion of GIFT and have shown keen interest in the International Financial Services Centre (IFSC) in GIFT City.
Patel held detailed discussion with the Gold Souk authorities and DMCC in Dubai for establishing India's largest diamond business in Surat. Gold Souk and DMCC agreed to form alliance with Government of Gujarat to help it establish diamond business in Surat, said the release.
GIFT is being designed as a hub for the global finance services industry to cater to the country's large financial services potential.
