Q:AS per Union Minister Nitin Gadkari at least 12 smart cities and several coastal economic zones will come up under the ambitious Sagarmala project which will lift India's GDP growth by 2%.
Latest Answer: Yes, to get appropriate result, govt. should support those cities or state first. Government grants will be leveraged to attract funding from internal and external sources but unless there is a possible business model or guarantee from the center, this would not be easy.
Also, the track record of Public Private Partnership projects is at best mixed and when there would be multiple parties associated like the center, states, local bodies and private entities, the task would be even more challenging.
Q:Hi, Hi, Modi's mega-dream project, Gujarat International Finance Tec-City (GIFT City), having achieved financial closure for its Phase-I infrastructure development.
Latest Answer: Hey Guys,
As per the recent news Reliance Capital has received 5 laks square feet of space in Gujarat International Finance Tec-City (GIFT) in the International Finance Service Centre (IFSC), Special Economic Zone. It is heard that the company will base its Global Alternate Investment Funds, its commodity exchange and other international business in this location.
