CNBC
Inside India newsletter: Why global funds are flocking to GIFT City in Modi’s home state
Thursday, August 13, 2026
GIFT City, a financial center in Gujarat, is attracting global investment funds through tax incentives and regulatory frameworks designed to encourage international capital. The facility offers tax holidays to qualifying financial firms and has expanded its local investor participation since its establishment. Gujarat is the home state of Prime Minister Narendra Modi.
Original reporting: https://www.cnbc.com/2026/08/13/global-funds-blackrock-modi-gift-city.html