Gujarat will build a financial hub like New York and Frankfurt over 500 acres of land at an estimated cost of Rs.150 billion ($3 billion), the state's Chief Minister Narendra Modi said in Chennai on Friday (9th January).
Talking to delegates at the Pravasi Bharatiya Divas in Chennai, Mr Modi said that, Gujarat has traditionally been a land of entrepreneurs with strong financial acumen and Gujaratis all over the world are active in the finance sector.
Therefore, the government of Gujarat has decided to set up a finance city on the bank of Sabarmati river between Ahmedabad and Gandhinagar, he added.
At the well-attended session, during which delegates listened to Modi's speech with rapt attention, the chief minister said the project was being named ‘Gift’, or the ‘Gujarat International Finance Tech City’. The completion of the first phase of this mega project was targeted by 2010.
He said it would have modern IT facilities, in addition to landmark buildings and infrastructure. With huge corporate investments committed in the state, this city offers good opportunities to the foreign financial companies to set up their offices, he further added.
No comments:
Post a Comment