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PHDCCI hosts conference on importance of GIFT City in facilitating Start-Up investments 

The PHD Chamber of Commerce and Industry (PHDCCI), on June 8, 2023 organized a conference at its headquarters, themed, “Importance of GIFT City in Attracting Foreign Funds for Indian StartUps and Tax Incentives for Indian Businesses.” It aimed to provide a platform for industry stakeholders to discuss and explore the immense potential of GIFT City (Gujarat International Finance Tech City) in facilitating foreign investment in the Indian StartUp ecosystem. 

Dipesh Shah, Executive Director, IFSCA in his keynote address, praised the Hon’ble Prime Minister Shri Modi ji for his long-term vision, he was the Chief Minister at the time when the project was conceived as he showed great determination and foresight in promoting Fin-tech, even though it was not widely recognized term back then.

Saket Dalmia, President of PHDCCI in his address, highlighted the role of GIFT City in bringing back investments that would otherwise flow to foreign destinations. He discussed, this is the environment that exists in India which offers a range of financial services and infrastructure tailored to the needs of startups, as it unlocks ample opportunities for Indians to move money out of India and international participants to move money into India.