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Gujarat International Finance Tec-City Expanding ties with Dubai, Abu Dhabi India’s first Smart City has been in discussions with the Dubai International Finance Centre (DIFC) and the Abu Dhabi Global Market (ADGM), seeking stronger ties, joint promotion and easy access to institutions and companies based both out of India and the UAE An interview with Ajay Pande, Managing Director and Group CEO, GIFT City. Excerpts: 42
Ajay Pande Managing Director and Group CEO, GIFT City Do you see growing ties between GIFT and DIFC and ADGM over the coming years? If so, what are the reasons? Yes, we see growing ties between GIFT and DIFC and ADGM in the fields of real estate, entertainment, retail, hotel, financial services and infrastructure funding. India’s first international financial services centre (IFSC) at GIFT has been in discussion with DIFC and ADGM for possible collaboration. During our recent visit to the UAE in February we entered into a formal Memorandum of Cooperation (MoC). The cooperation provides for joint promotion of the financial centres and providing easy access to institutions based in DIFC and ADGM to set up base in GIFT IFSC, and vice-versa. Is there good potential for growth in India-UAE trade ties over the coming years, especially with the rapid expansion in exports and imports between the two countries? Yes, the expansion in trade ties is the direct indication of growth between the two counties. The Government of India has taken various policy initiatives in particular for facilitation of FDI in and outside India. Considering both the countries are located in close proximity it offers a great opportunity for growing ties. Gujarat offers opportunity for becoming a contract manufacturing hub for Dubai-based companies. Could you tell us about your recent visit to the UAE, where you met officials from the DIFC and ADGM and explored areas for potential cooperation? GIFT International Financial Services Centre has been in discussion with various financial centres across the globe. We had been in discussion with DIFC and ADGM for possible collaboration. Road to faster growth 43
Page 1: The Ease Of Doing Business
Page 4 and 5: The Ease Of Doing Business
Page 6 and 7: Contents Cover Features 08 Make In
Page 8 and 9: Annual Investment Meeting The seven
Page 10 and 11: Message | Ambassador of the UAE to
Page 12 and 13: Make In India One of the most signi
Page 14 and 15: Prime Minister Narendra Modi’s Ma
Page 16 and 17: Invest India Deepak Bagla Managing
Page 18 and 19: initiating remedial action on probl
Page 20 and 21: Smart Manufacturing ‘Make in Indi
Page 22 and 23: Interview | Chairman, Dubai Chamber
Page 24 and 25: Our visit to India was part of our
Page 26 and 27: Indian Business Major in the Gulf A
Page 28 and 29: Indian investments in the UAE Thriv
Page 30 and 31: Dubai International Financial Centr
Page 32 and 33: Above: Dubai International Financia
Page 34 and 35: All these moves are status as a gl
Page 36 and 37: DP World Huge Opportunities in Indi
Page 38 and 39: DP World invested about $200 millio
Page 40 and 41: privately managed container Above
Page 42 and 43: Delhi-Mumbai Industrial Corridor Le
Page 44 and 45: The government aims to invest about
Page 48 and 49: Towering opportunity for UAE-based
Page 50 and 51: FDI in Tourism The Leela Palace New
Page 52 and 53: Maldives, Mauritius and Seychelles.
Page 54 and 55: Southern Charm The southern state
Page 56 and 57: The state’s Economic Development
Page 58 and 59: The Heart of India One of India’s
Page 60: Madhya Pradesh in the only state in

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