GIFT City-Like Zones Essential for Manufacturing: PwC Chief
ECONOMY & POLICY

GIFT City-Like Zones Essential for Manufacturing: PwC Chief

Sanjeev Krishan, PwC Chief, emphasizes the importance of establishing GIFT City-like zones and IP-linked schemes to drive growth in the manufacturing sector. These zones are seen as pivotal for enhancing industrial infrastructure and boosting economic development.

Key Details:

GIFT City Model: The GIFT (Gujarat International Finance Tec-City) City model is highlighted as a successful example of creating specialized zones that foster business growth and innovation. Replicating this model in other regions is seen as essential for manufacturing advancement.

IP-linked Schemes: Intellectual Property (IP)-linked schemes are proposed to support innovation and attract investments by providing a conducive environment for technology and intellectual property development.

Manufacturing Sector Boost: Establishing such zones is expected to provide a structured environment for manufacturing industries, enhancing efficiency, and promoting economic growth.

Economic Impact: By creating specialized zones with tailored incentives and infrastructure, the manufacturing sector can benefit from improved business conditions and increased investment opportunities.

Strategic Importance: The focus on GIFT City-like zones and IP schemes aligns with broader efforts to strengthen industrial infrastructure and support sustainable economic development.

Overall, the proposal to develop GIFT City-like zones and IP-linked schemes underscores a strategic approach to fostering manufacturing growth and innovation, reflecting a commitment to enhancing industrial capabilities and economic progress.

The 14th RAHSTA Expo, part of the India Construction Festival, will be held on October 9 and 10, 2024, at the Jio Convention Centre in Mumbai. For more details, visit: https://rahstaexpo.com

Sanjeev Krishan, PwC Chief, emphasizes the importance of establishing GIFT City-like zones and IP-linked schemes to drive growth in the manufacturing sector. These zones are seen as pivotal for enhancing industrial infrastructure and boosting economic development. Key Details: GIFT City Model: The GIFT (Gujarat International Finance Tec-City) City model is highlighted as a successful example of creating specialized zones that foster business growth and innovation. Replicating this model in other regions is seen as essential for manufacturing advancement. IP-linked Schemes: Intellectual Property (IP)-linked schemes are proposed to support innovation and attract investments by providing a conducive environment for technology and intellectual property development. Manufacturing Sector Boost: Establishing such zones is expected to provide a structured environment for manufacturing industries, enhancing efficiency, and promoting economic growth. Economic Impact: By creating specialized zones with tailored incentives and infrastructure, the manufacturing sector can benefit from improved business conditions and increased investment opportunities. Strategic Importance: The focus on GIFT City-like zones and IP schemes aligns with broader efforts to strengthen industrial infrastructure and support sustainable economic development. Overall, the proposal to develop GIFT City-like zones and IP-linked schemes underscores a strategic approach to fostering manufacturing growth and innovation, reflecting a commitment to enhancing industrial capabilities and economic progress.

Next Story
Infrastructure Urban

Govt approves NPCIL-NTPC JV company ASHVINI to start nuclear power generation

The Government on September 11, 2024 accorded approval to the Anushakti Vidhyut Nigam Ltd. (ASHVINI), a Joint Venture (JV) of Nuclear Power Corporation of India Limited – NPCIL (51%) and NTPC Ltd. (49%) to build, own & operate nuclear power plants in India in accordance with provisions of the Atomic Energy Act. Additionally Govt. of India has approved transfer of Mahi Banswara Rajasthan Atomic Power Project (MBRAPP) 4x700 MWe based on indigenous PHWR technology, from NPCIL to the JV Company ASHVINI. The Govt has also approved exemption to NPCIL to invest more than Rs 5 billion and exemptio..

Next Story
Infrastructure Urban

CRC Group partners with Dubai’s Killa Design for luxury Noida project

Noida-based real estate developer CRC Group has teamed up with renowned Dubai architect Shaun Killa to design an ultra-luxury residential project in Greater Noida. Shaun Killa, known for iconic structures such as Dubai's Museum of the Future and the Bahrain World Trade Centre, brings his expertise in sustainability and innovation to the collaboration. Killa expressed excitement about the partnership, stating, "Our goal is to create a design that stands the test of time, respects the environment, and complements the culture of the region." The project, set to feature between 375 to 400 luxury u..

Next Story
Infrastructure Urban

Nexus Venture sells stake in India Shelter Finance for Rs 4.82 billion

Venture capital firm Nexus Venture Partners divested a 5.97% stake in India Shelter Finance Corporation for Rs 4.82 billion through open market transactions. India Shelter Finance, based in Gurugram, caters to first-time home loan buyers in Tier-II and Tier-III cities, focusing on the low- and middle-income segments. Nexus, via its affiliates Nexus Ventures III and Nexus Opportunity Fund II Ltd, sold 6.4 million shares in two bulk deals on the BSE, priced between Rs 752.35 and Rs 753.27 per share, resulting in a total deal value of Rs 4.81 billion. This transaction reduced Nexus' stake in the ..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000