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The rise and rise of GIFT City
Finshots Daily
Robustness and Government Support: Key Factors in the Success of GIFT City
The success of GIFT City faced challenges in its execution due to issues with construction permissions and approvals. However, in 2014, with the BJP-led government coming to power, GIFT City received the SEZ tag, leading to more liberal economic laws and incentives for companies. This included a 10-year tax holiday, which contributed to the success of GIFT City as a competitive financial hub.
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