GIFT-city to give job opportunities to 1 lakh youth: CM

Urges youngsters to develop skills to take advantage of opportunities.

Gandhinagar: Gujarat International Financial Tec-City (GIFT-city) in Gandhinagar is poised to be a global hub of finance, services and information and technology. Once GIFT city is fully operational, at least one lakh youth will get job opportunities at this international financial hub, said Chief minister Vijay Rupani after inaugurating the Bank of America’s global business service centre at GIFT city, on Friday.

The chief minister also said that this would be Asia’s biggest financial and IT centre in the near future, and appealed to the youth to develop skills to grab the opportunities that will soon be knocking on their doors.

He recalled that the GIFT city is the brainchild of the Prime Minister Narendra Modi, who, when he was the chief minister, had dreamed to have international financial hub at Gandhinagar. Now this centre is just not just going to be financial or IT hub but will also be the model of Green Field Smart city, CM Rupani said.

He hoped that, with Bank of America’s global business service centre being opened here, other banking and financial services will soon follow.

Gujarat has just 5% of India’s population, but its contribution in national GDP is 7.7%, Rupani said, adding that the peaceful business environment in the state has attracted foreign direct investments of Rs18,000 crore in first three months of the current financial year.

Speaking on the occasion, state chief secretary Anil Mukim assured the bank of the stat’es support.

Bank of America’s Chief Operational and Technology Officer Catherine Bessant said that the bank began its India operations in India on a very small scale in 2004 and today has operations in four cities in addition to Gandhinagar. She said that more than 30% of the labour force at the bank’s global business service centre is Indian.

FDI leader: Gujarat has just 5% of India’s population, but its contribution in national GDP is 7.7%. The peaceful business environment has attracted foreign direct investments of Rs18,000 crore in first three months of this financial year.