GIFT City updates thread

1. Google will open its Global Fintech Center in GIFT City

2. DBS Bank (the largest bank in Singapore) gets approval to set up its base at GIFT City
→ In the past 3 years 25 Indian banks and 10 Foreign banks set up their base in GIFT IFSC

<1/5> 3. JP Morgan launched blockchain platform for USD clearing in GIFT

4. KredX’s trade finance platform goes live at GIFT
- The company hopes to execute transactions worth $2 billion in the next 18 months

5. Kotak Mahindra bank to move its Mauritius funds to GIFT City

<2/5>

2022 Recap for Gujarat

1. Huge announcements in Reliance AGM including all 5 Giga factories at Jamnagar
2. Vedanta-Foxconn 1.6 Lakh crore investment
3. Large Suzuki Battery Manufacturing Facility at Hansalpur
4. A new Bulk Drug Park at Jambusar, Bharuch 5. New Mega Textile Park at Navsari
6. Tata-Airbus plant at Vadodara
7. Arcelor Mittal Nippon Steel to invest ₹60,000 crores for expansion
8. Dahod got a locomotive manufacturing unit with a 20,000 cr order

Great Great Great news for Gujarat

Thread(0/7)

Reliance announcements,

1. It is now clear that all 5 Giga factories will be at Jamnagar

→ All of them will be massive
→ Work already began

Jamnagar is already the highest exporting district of India. It will give a HUGE boost Thread(1/7)

→ Giga factories list

1. Solar photovoltaic cells
2. Advanced energy storage batteries
3. Green Hydrogen and Electrolysers
4. Fuel cells
5. Power Electronics (announced today)

→ Area : > 5000 Acres
→ Investment already cleared : > 75,000 Cr

Gift City Update (Thread)

- Please refer to the below-given map for a better understanding.
- ID = number referred in the map Status of IFSC zone.
Data of Domestic zone of Gift City not included.

→ 310 entities
→ 22+ banks
asset base of $32 Bn +
cumulative transactions of $207 Bn +
→ 2 International stock exchanges
avg daily trade around $11 Bn
cumulative trade $6.5 Tn +
→ A bullion exchange

A Thread on GIFT City :

Focus: Construction Activity

- 35 entities.
- Status as of 24 April 2022.
- Only operational and under-construction (to be open within 2 years) buildings are included.

Refer to 👇 Map for better understanding. 1. Gujarat Biotechnology University
2. GIFT Command and Control Center
3. GIFT House
4. Hiranandani Signature Tower

A Thread on projects at "Ekta Nagar".

→ It is so huge that it takes a week to visit all attractions.
→ A tourism-based economy, generating large-scale employment, is established there.

Clarification :
- Listed projects are operational.
- Upcoming projects are not included. 1. Statue of Unity and Museum