Now that voting in the high-stakes poll battle in Gujarat is over, Prime Minister Narendra Modi is busy with his pet project.
The Prime Minister’s Economic Advisory Council meeting on December 6 has on its agenda GIFT City, the upcoming financial hub nestled between Gujarat's financial capital Ahmedabad and political capital Gandhinagar.
With the Union Budget barely two months away, the agenda assumes significance for the PMEAC, which now meets every month instead of quarterly, amid expectations of additional incentives for the financial district.
The centre has already emerged as India’s first operational smart city. It is home to a plethora of Indian and foreign financial institutions including State Bank of India, HDFC Bank, Standard Chartered, Kotak Mahindra Bank, and India’s first international bullion exchange, most of which came up over the past five years.