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GIFT City wins the prestigious ASSOCHAM Services Excellence Awards

Company honoured with award for Services Excellence in category of International Financial Services & Technology Hub

September 6, 2017:  India’s 1st operational Smart City & IFSC - Gujarat International Finance-Tec City (GIFT City) won the prestigious Associated Chambers of Commerce and Industry of India (ASSOCHAM) Services Excellence award at a Summit held recently in New Delhi. GIFT SEZ was honoured for its valued contribution to the growth of the International Financial Services & Technology Hub in India.

The event recognised the important contribution made by GIFT City in the financial services and technology sector in India. The services sector is a dominant contributor to the GDP of India and GIFT City holds great potential in attracting significant foreign investment flows, contribute significantly to export of services as well as provided large-scale employment. The Awards were presented in the categories of Tourism & Hospitality, International Financial Services & Technology Hub, Banking and Financial Services, Insurance, IT/ITEs etc.

Speaking on this achievement, Mr. Ajay Pandey, MD & Group CEO, GIFT City, said, “It is a matter of great pride to win this prestigious award for GIFT City. This award reaffirms the significance of GIFT City in making India a formidable global financial and technology led innovation centre for the Sector. It is a testimony to GIFT City being the best business destination for International Financial and Technology companies”

GIFT - India’s first International Financial Services Centre (IFSC) is operational with approximately 10 leading banks, 2 International Exchanges (India INX & NSE IFSC), around 100 capital market players and 8 insurance companies having established their operations at GIFT. Various leading IT/ITeS and BSFI have commenced their large operations at GIFT in the Domestic Services Zone as well. With 200 institutions/units are currently operational at GIFT City employing 7000 people and is expected to exceed 10,000 by end of the year.

About GIFT City  

Gujarat International Finance Tec-City (GIFT) a Government of Gujarat Project in partnership with IL&FS is developing India’s First Global Financial Hub. GIFT is India’s first multi-service SEZ with International Financial Service Centre (IFSC) status which is catering to India's large financial services market by offering global firms, world-class infrastructure and facilities. It is attracting the top talent in the country by providing the finest quality of life. It is estimated that GIFT would provide 5,00,000 direct and an equal number of indirect jobs which would require 62 million square feet of office and residential space. Like other leading global financial centres, GIFT will target a 6-8% share of the financial services potential in India.