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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
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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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