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India's offshore hub not competing with S'pore: Gujarat business city's CEO

It's too early to say if foreign investors will be enticed to bring their business to the budding finance hub

Mr Pandey says there are financial activities that can be done in a far more cost-effective manner out of GIFT, an ambitious project that costs US$12 billion.


COMPARING India's fledgling Gujarat International Finance Tec-City (GIFT) to established finance hubs such as Singapore or Dubai is "not comparing apples with apples" and is "unfair" as these took years to build while the ambitious project in the subcontinent has been...