{"id":12470,"date":"2023-04-27T16:03:19","date_gmt":"2023-04-27T10:33:19","guid":{"rendered":"https:\/\/razorpay.com\/blog\/?p=12470"},"modified":"2024-10-14T12:02:56","modified_gmt":"2024-10-14T06:32:56","slug":"gift-city-a-game-changer-for-indian-startup-ecosystem","status":"publish","type":"post","link":"https:\/\/razorpay.com\/blog\/business-banking\/gift-city-a-game-changer-for-indian-startup-ecosystem\/","title":{"rendered":"GIFT City: A Game-changer for Indian Startup Ecosystem"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">Gift City, short for Gujarat International Financial Tec-City, is an ambitious project envisioned by the government of Gujarat to create a one-of-a-kind financial centre in India. GIFT City is designed to be a global financial hub rivalling premier international financial zones such as La Defense, London Dockyards, Shinjuku, Lujiazui etc. Gift City, which covers 886 acres and is located on the Sabarmati River&#8217;s banks, seeks to serve as a centre for global banking, trade, and business.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The development of Gift City is crucial for the Indian economy as it aims to bring in international investment and boost employment opportunities. Gift City also has the potential to significantly boost the GDP of the nation and establish India as a key player in the international financial sector.<\/span><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_80 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-69e4067c59401\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-69e4067c59401\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/razorpay.com\/blog\/business-banking\/gift-city-a-game-changer-for-indian-startup-ecosystem\/#Why_should_startups_consider_opening_a_GIFT_City_Account\" >Why should startups consider opening a GIFT City Account?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/razorpay.com\/blog\/business-banking\/gift-city-a-game-changer-for-indian-startup-ecosystem\/#GIFT_City_Special_Economic_Zone_SEZ\" >GIFT City Special Economic Zone (SEZ):\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/razorpay.com\/blog\/business-banking\/gift-city-a-game-changer-for-indian-startup-ecosystem\/#GIFT_City_Timeline\" >GIFT City Timeline:\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/razorpay.com\/blog\/business-banking\/gift-city-a-game-changer-for-indian-startup-ecosystem\/#Services_offered_by_GIFT_City\" >Services offered by GIFT City:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/razorpay.com\/blog\/business-banking\/gift-city-a-game-changer-for-indian-startup-ecosystem\/#Why_is_GIFT_City_important\" >Why is GIFT City important?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/razorpay.com\/blog\/business-banking\/gift-city-a-game-changer-for-indian-startup-ecosystem\/#GIFT_City_Advantages\" >GIFT City Advantages:\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/razorpay.com\/blog\/business-banking\/gift-city-a-game-changer-for-indian-startup-ecosystem\/#Tax_Benefits_of_GIFT_City\" >Tax Benefits of GIFT City-<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/razorpay.com\/blog\/business-banking\/gift-city-a-game-changer-for-indian-startup-ecosystem\/#Impact_on_the_Indian_Startup_Economy\" >Impact on the Indian Startup Economy\u00a0<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/razorpay.com\/blog\/business-banking\/gift-city-a-game-changer-for-indian-startup-ecosystem\/#1_What_are_the_advantages_of_investing_in_Gift_City\" >1. What are the advantages of investing in Gift City?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/razorpay.com\/blog\/business-banking\/gift-city-a-game-changer-for-indian-startup-ecosystem\/#2_How_is_Gift_City_different_from_other_financial_centres_in_India\" >2. How is Gift City different from other financial centres in India?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/razorpay.com\/blog\/business-banking\/gift-city-a-game-changer-for-indian-startup-ecosystem\/#3_What_is_the_benefit_of_registering_in_GIFT_City\" >3. What is the benefit of registering in GIFT City?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h3><span class=\"ez-toc-section\" id=\"Why_should_startups_consider_opening_a_GIFT_City_Account\"><\/span><b>Why should startups consider opening a GIFT City Account? <\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ol>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">You can bring your funds to India without having to convert the same in INR and losing out on currency conversion (i.e keeping the USD amount intact as it is)<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The same is repatriable and can be transferred back to the US whenever you like<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">You can earn a yield of up to 5.4% on Term Deposits<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">No tax or filing obligations<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">GIFT City <a href=\"https:\/\/razorpay.com\/blog\/decoding-ifsc-codes-meaning-importance\/\">IFSC<\/a> acts as an International bank<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Regulated by RBI, SEBI, PFRDA and IRDAI<\/span><\/li>\n<\/ol>\n<p><span style=\"font-weight: 400;\">In case you don\u2019t have a US account,<\/span><span style=\"font-weight: 400;\"> Razorpay can help your startup with a multi-currency account in the US. <\/span><span style=\"font-weight: 400;\">This account can be used to receive funds from any US bank (including SVB) through a domestic transfer, park them and then move funds from this account to a GIFT city account (US-denominated account facilitated by Indian banks) or another US account This can be activated in a few hours for existing Razorpay PG users.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"GIFT_City_Special_Economic_Zone_SEZ\"><\/span><b>GIFT City<\/b> <b>Special Economic Zone<\/b><span style=\"font-weight: 400;\"> (SEZ):\u00a0<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Designed to encourage exports and foreign investment, this zone is for multinational corporations. A variety of advantages are available to businesses operating in this zone, including tax exemptions, duty-free imports and exports, and streamlined regulatory processes.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The most important commercial centres under SEZ are:\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\"><strong>International Financial Services Centre (IFSC)<\/strong>: This division is the main focus of GIFT City and is India&#8217;s first IFSC. It is designed to cater to the financial services industry and provides a world-class business environment.<\/span><\/p>\n<p><span style=\"font-weight: 400;\"><strong>Domestic Finance Centre (DFC)<\/strong>: This division is designed to cater to the needs of the domestic financial services industry. It provides a platform for the growth of Indian financial services companies.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"GIFT_City_Timeline\"><\/span><b>GIFT City Timeline:\u00a0<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-large wp-image-12471\" src=\"https:\/\/d6xcmfyh68wv8.cloudfront.net\/blog-content\/uploads\/2023\/04\/Timeline-1-579x1024.png\" alt=\"Gift city timeline\" width=\"579\" height=\"1024\" srcset=\"https:\/\/blog.razorpay.in\/wp-content\/uploads\/2023\/04\/Timeline-1-579x1024.png 579w, https:\/\/blog.razorpay.in\/wp-content\/uploads\/2023\/04\/Timeline-1-170x300.png 170w, https:\/\/blog.razorpay.in\/wp-content\/uploads\/2023\/04\/Timeline-1-768x1359.png 768w, https:\/\/blog.razorpay.in\/wp-content\/uploads\/2023\/04\/Timeline-1-868x1536.png 868w, https:\/\/blog.razorpay.in\/wp-content\/uploads\/2023\/04\/Timeline-1-1158x2048.png 1158w\" sizes=\"auto, (max-width: 579px) 100vw, 579px\" \/><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Services_offered_by_GIFT_City\"><\/span><b>Services offered by GIFT City:<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-large wp-image-12474\" src=\"https:\/\/d6xcmfyh68wv8.cloudfront.net\/blog-content\/uploads\/2023\/04\/Tax-Benefits-2-1024x689.png\" alt=\"Gift City services\" width=\"770\" height=\"518\" srcset=\"https:\/\/blog.razorpay.in\/wp-content\/uploads\/2023\/04\/Tax-Benefits-2-1024x689.png 1024w, https:\/\/blog.razorpay.in\/wp-content\/uploads\/2023\/04\/Tax-Benefits-2-300x202.png 300w, https:\/\/blog.razorpay.in\/wp-content\/uploads\/2023\/04\/Tax-Benefits-2-768x517.png 768w, https:\/\/blog.razorpay.in\/wp-content\/uploads\/2023\/04\/Tax-Benefits-2-1536x1034.png 1536w\" sizes=\"auto, (max-width: 770px) 100vw, 770px\" \/><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Why_is_GIFT_City_important\"><\/span><b>Why is GIFT City important?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">GIFT City can contribute immensely to the Indian economy due to the following reasons:\u00a0\u00a0<\/span><\/p>\n<p><b>Boost to Financial Sector<\/b><span style=\"font-weight: 400;\">: Gift City has been designed to serve as a hub for India&#8217;s financial sector, providing world-class infrastructure and facilities for banks, insurance companies, and other financial institutions. This will expand India\u2019s financial sector India and further strengthen the country\u2019s position as an economic leader.\u00a0<\/span><\/p>\n<p><b>Attract Foreign Investment<\/b><span style=\"font-weight: 400;\">: With its business-friendly policies, SEZ status, and state-of-the-art infrastructure, Gift City is well-positioned to attract foreign investment from around the world, helping to create jobs and drive economic growth in India.<\/span><\/p>\n<p><b>Encourage Startups &amp; Innovation<\/b><span style=\"font-weight: 400;\">: Gift City&#8217;s focus on innovation and <a href=\"https:\/\/razorpay.com\/learn\/what-is-entrepreneurship\/\">entrepreneurship<\/a> has the potential to encourage the growth of startups and new businesses, which can help drive innovation and create new jobs in India.<\/span><\/p>\n<p><b>Reduce Dependence on Foreign Financial Centres<\/b><span style=\"font-weight: 400;\">: Gift City has the potential to reduce India&#8217;s dependence on foreign financial centres such as Singapore and Hong Kong, by providing a world-class alternative for businesses looking to expand their operations in Asia.<\/span><\/p>\n<p><b>Strengthen India&#8217;s Position in the Global Economy<\/b><span style=\"font-weight: 400;\">: By developing a world-class financial centre in Gift City, India can strengthen its position in the global economy and increase its influence in international financial markets.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"GIFT_City_Advantages\"><\/span><b>GIFT City Advantages:\u00a0<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><b>SEZ\u00a0<\/b><\/p>\n<p><span style=\"font-weight: 400;\">Special Economic Zones (SEZs) aim to attract Foreign Direct Investment and improve the economy by exporting products and services and finding markets globally. They have defined areas where units may be set up for specified purposes of manufacturing\/ trading or allied services for export. SEZs are treated as foreign territories for trade operations i.e., goods and services going into SEZ are treated as exports and goods and services coming from the SEZ as imports. They offer well-developed areas of infrastructure with built-up space, power, water supply, transport, housing etc. including physical and social infrastructure facilities.<\/span><\/p>\n<p><b>IFSC\u00a0<\/b><\/p>\n<p><span style=\"font-weight: 400;\">The International Financial Services Centre (IFSC) in Gift City provides a range of advantages for businesses and investors. This includes a wide range of financial services like stock exchanges, trading members, corporate banking, ECB lending, general insurance, life insurance, portfolio management services, and risk management.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Providing these services in a single location, the IFSC makes it easier for businesses to grow and expand. The IFSC also provides a range of tax incentives and regulatory benefits, including exemptions from securities transaction tax and capital gains tax, making it an attractive destination for investors. Overall, the IFSC in Gift City is an important step towards positioning India as a leading financial centre in Asia, providing businesses with access to world-class infrastructure and services, as well as a supportive regulatory environment that encourages investment and innovation.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">These are expected to benefit the economy in multiple ways:<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-large wp-image-12472\" src=\"https:\/\/d6xcmfyh68wv8.cloudfront.net\/blog-content\/uploads\/2023\/04\/Benefits-to-Economy-1-1024x565.png\" alt=\"Gift city benefits- Economy \" width=\"770\" height=\"425\" srcset=\"https:\/\/blog.razorpay.in\/wp-content\/uploads\/2023\/04\/Benefits-to-Economy-1-1024x565.png 1024w, https:\/\/blog.razorpay.in\/wp-content\/uploads\/2023\/04\/Benefits-to-Economy-1-300x165.png 300w, https:\/\/blog.razorpay.in\/wp-content\/uploads\/2023\/04\/Benefits-to-Economy-1-768x423.png 768w, https:\/\/blog.razorpay.in\/wp-content\/uploads\/2023\/04\/Benefits-to-Economy-1-1536x847.png 1536w\" sizes=\"auto, (max-width: 770px) 100vw, 770px\" \/><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Tax_Benefits_of_GIFT_City\"><\/span><b style=\"color: #111111; font-family: Roboto, Arial, sans-serif; font-size: 2em;\"><\/b>Tax Benefits of GIFT City-<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-large wp-image-12473\" src=\"https:\/\/d6xcmfyh68wv8.cloudfront.net\/blog-content\/uploads\/2023\/04\/Tax-Benefits-1-1024x565.png\" alt=\"Gift city benefits- Tax\" width=\"770\" height=\"425\" srcset=\"https:\/\/blog.razorpay.in\/wp-content\/uploads\/2023\/04\/Tax-Benefits-1-1024x565.png 1024w, https:\/\/blog.razorpay.in\/wp-content\/uploads\/2023\/04\/Tax-Benefits-1-300x165.png 300w, https:\/\/blog.razorpay.in\/wp-content\/uploads\/2023\/04\/Tax-Benefits-1-768x423.png 768w, https:\/\/blog.razorpay.in\/wp-content\/uploads\/2023\/04\/Tax-Benefits-1-1536x847.png 1536w\" sizes=\"auto, (max-width: 770px) 100vw, 770px\" \/><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Impact_on_the_Indian_Startup_Economy\"><\/span><b>Impact on the Indian Startup Economy\u00a0<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><b>Access to Funding<\/b><span style=\"font-weight: 400;\">: Gift City has the potential to attract significant foreign investment, which can help to provide Indian startups with access to much-needed funding for growth and expansion.<\/span><\/p>\n<p><b>Business-Friendly Policies<\/b><span style=\"font-weight: 400;\">: The Indian government has implemented a number of business-friendly policies in Gift City, including tax incentives, streamlined regulatory procedures, and a single-window clearance system, which can help to make it easier for startups to do business.<\/span><\/p>\n<p><b>Support for Innovation<\/b><span style=\"font-weight: 400;\">: Gift City has a strong focus on innovation and entrepreneurship, which can help to support the growth of Indian startups by providing them with access to world-class infrastructure and facilities.<\/span><\/p>\n<p><b>Collaboration Opportunities<\/b><span style=\"font-weight: 400;\">: Gift City is home to a diverse mix of businesses, including banks, insurance companies, and IT companies, which can provide Indian startups with opportunities for collaboration and partnership.<\/span><\/p>\n<p><b>Access to Skilled Workforce<\/b><span style=\"font-weight: 400;\">: The region surrounding Gift City has a large pool of highly skilled and educated professionals, including engineers, accountants, and IT specialists, making it easy for startups to find the talent they need to grow and thrive.<\/span><\/p>\n<p><b>Exposure to International Markets<\/b><span style=\"font-weight: 400;\">: Gift City&#8217;s location and focus on attracting foreign investment can provide Indian startups with exposure to international markets, which can help to expand their customer base and increase their revenue.<\/span><\/p>\n<p><b>Sustainability Focus<\/b><span style=\"font-weight: 400;\">: Gift City has a strong focus on sustainability, with a commitment to environmental sustainability and energy efficiency. This can help to attract startups that are committed to environmental responsibility and sustainability.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In conclusion, Gift City is a game-changer for the Indian startup ecosystem. It offers startups a favourable environment to grow and succeed, with access to financial incentives, world-class infrastructure, a skilled workforce, and a large consumer market. With its strategic location and state-of-the-art facilities, Gift City has the potential to become a major contributor to the Indian economy and position India as a major player in the global financial market.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The recent SVB crisis has also created an opportunity for Gift City to reinvent itself and attract new investors. With around 200$ million already being transferred into the Gift City, many more founders will be looking to invest their funds in India. The government has also recognized the need to promote Gift City as a viable alternative to other financial centres in Asia, such as Singapore and Hong Kong. As a result, it has taken steps to improve the infrastructure and regulatory framework in Gift City, making it more attractive to both foreign &amp; domestic investors.<\/span><\/p>\n<p><b>FAQs<\/b><\/p>\n<div id=\"rank-math-rich-snippet-wrapper\"><div id=\"rank-math-faq\" class=\"rank-math-block\">\n<div class=\"rank-math-list \">\n<div id=\"faq-1\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \"><span class=\"ez-toc-section\" id=\"1_What_are_the_advantages_of_investing_in_Gift_City\"><\/span>1. What are the advantages of investing in Gift City?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"rank-math-answer \">\n\n<p>The advantages of investing in Gift City include access to world-class infrastructure and facilities, a business-friendly regulatory environment, tax incentives, and a strategic location near major airports, highways, and railways.<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-2\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \"><span class=\"ez-toc-section\" id=\"2_How_is_Gift_City_different_from_other_financial_centres_in_India\"><\/span>2. How is Gift City different from other financial centres in India?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"rank-math-answer \">\n\n<p>Gift City is designed to be a world-class financial centre, with modern infrastructure and facilities, a business-friendly regulatory environment, and tax incentives. It is also strategically located near major airports, highways, and railways, making it easy for businesses to access.<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-3\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \"><span class=\"ez-toc-section\" id=\"3_What_is_the_benefit_of_registering_in_GIFT_City\"><\/span>3. What is the benefit of registering in GIFT City?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"rank-math-answer \">\n\n<p>The key benefits of registering in Gift City include access to world-class infrastructure and facilities, a business-friendly regulatory environment, and tax incentives. Businesses can take advantage of the SEZ status, which provides a range of benefits, including tax breaks and duty-free imports. Additionally, businesses operating in Gift City can benefit from streamlined regulatory procedures, a single-window clearance system, and a range of financial services, including banking, insurance, and asset management. <\/p>\n\n<\/div>\n<\/div>\n<\/div>\n<\/div><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Gift City, short for Gujarat International Financial Tec-City, is an ambitious project envisioned by the government of Gujarat to create a one-of-a-kind financial centre in India. GIFT City is designed to be a global financial hub rivalling premier international financial zones such as La Defense, London Dockyards, Shinjuku, Lujiazui etc. Gift City, which covers 886<\/p>\n","protected":false},"author":107,"featured_media":12475,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[27,481],"tags":[413],"class_list":{"0":"post-12470","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business-banking","8":"category-forex","9":"tag-razorpayx-forex"},"_links":{"self":[{"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/posts\/12470","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/users\/107"}],"replies":[{"embeddable":true,"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/comments?post=12470"}],"version-history":[{"count":2,"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/posts\/12470\/revisions"}],"predecessor-version":[{"id":18618,"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/posts\/12470\/revisions\/18618"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/media\/12475"}],"wp:attachment":[{"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/media?parent=12470"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/categories?post=12470"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/tags?post=12470"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}