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Sunday, June 22, 2014

Narendra Modi's pet project GIFT Likely to create about 10 lakh jobs in India

8:40 PM

Prime Minister Narendra Modi's pet project Gujarat International Finance Tec-City (GIFT) has the potential to generate over 10 lakh jobs by 2022, an official said.

GIFT city, which is being developed by the Gujarat government, aspires to cater to India's large financial services potential by offering global firms a world-class infrastructure and facilities.
"It is a pet project of Narendra Modi. He was monitoring it personally when he was the Chief Minister. What we are doing is that we are implementing his brainchild. New Chief Minister Anandiben Patel has also been a part of the project.
"If you take the job potential in expanding economy of the country, on a pan-India basis about 10 lakh jobs can be created," GIFT MD & Group CEO Ramakant Jha told PTI in an interview. 
The Rs 65,000-crore project is being developed on the lines of global financial services centres, spread over three phases of development to be completed by 2022. Read More...

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