International Finance Corporation & Narendra Modi

International Finance Corporation: GIFT City is strengthened as a maritime leasing and financing hub, attracting global capital.

Narendra Modi: The reform aligns with Prime Minister Modi's broader vision for the maritime sector.

International Finance Corporation: GIFT City is the central hub attracting multinational interest; its banking assets have doubled to over $100 billion, and the 20-year tax holiday is driving growth.

Narendra Modi: As the proponent of GIFT City, Modi's initiative gains credibility and international recognition through this surge in corporate interest.

International Finance Corporation: GIFT City gained a new tenant in HCL Tech, enhancing its status as a financial technology hub and attracting further investment.

Narendra Modi: Prime Minister Modi was credited for envisioning GIFT City during his tenure as India — Gujarat Chief Minister, highlighting his long-term development vision.

International Finance Corporation: GIFT City is showcasing its role as India's international financial gateway at the Vibrant India — Gujarat Regional Summit, highlighting its robust growth in banking assets, fund management, and specialized financial activities like aircraft and ship leasing. It aims to attract global financial institutions and investors.

Narendra Modi: Narendra Modi launched the Vibrant India — Gujarat initiative in 2003, which has evolved into a globally recognized platform for India's development.

International Finance Corporation: Will facilitate a climate-smart drug warehousing network, aligning with its sustainable development goals.

Narendra Modi: The Prime Minister is credited with leadership, though not directly involved; the event reflects positively on his government's healthcare agenda.