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Weekly Brief — Gift City
Weekly Brief: GIFT City Developments - 2nd November, 2026
Key infrastructure expansions and surge in banking assets underline GIFT City's growing prominence as an international financial and transport hub.
Key Statistics
| $193 Billion | ₹14,000 Crore+ | 15–16 Days |
|---|---|---|
| Total banking asset value reached in GIFT City | Total development projects launched/inaugurated by PM in Gujarat, including GIFT City metro links | Average business approval turnaround time via single-window clearance |
Weekly Executive Summary
- Prime Minister Narendra Modi laid the foundation stone for the Ahmedabad Metro Phase-2B extension connecting directly to GIFT City.
- GIFT City banking assets surged by 60% over a compressed cycle, propelled by strong external commercial borrowings (ECBs) and foreign currency deposits.
- Real estate and professional services firm JLL announced the establishment of a dedicated global treasury centre inside the IFSC.
Deep Dive: Key Developments
Top updates, ordered by significance
H3 Foundation Stone Laid for Ahmedabad Metro Phase-2B (GIFT City Extension)
Prime Minister Narendra Modi laid the foundation stone for the expansion …
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