Allianz Partners Launches Operations in GIFT City

10 Apr 2024 CW Team

Allianz Partners, a global leader in insurance and assistance solutions, has made history by becoming the first foreign reinsurer to commence operations in Gujarat International Finance Tec-City (GIFT City). This landmark development underscores the growing prominence of GIFT City as a hub for international financial services and highlights Allianz Partners' commitment to the Indian market.

GIFT City, located in Gujarat, aims to facilitate the growth of India's financial sector by providing a world-class infrastructure and regulatory framework conducive to business operations. Allianz Partners' decision to establish a presence in GIFT City reflects its confidence in the city's potential as a key financial centre in India.

As a foreign reinsurer, Allianz Partners will play a significant role in supporting the insurance industry's growth and development in India. Reinsurance is critical for spreading risk and ensuring the stability of insurance markets, and Allianz Partners' entry into GIFT City is expected to enhance the availability of reinsurance solutions for domestic insurers.

The establishment of Allianz Partners in GIFT City also opens up opportunities for collaboration and innovation within the insurance ecosystem. By leveraging its global expertise and resources, Allianz Partners can contribute to the advancement of insurance practices and product offerings in the Indian market.

Overall, Allianz Partners' inauguration as the inaugural foreign reinsurer in GIFT City marks a significant milestone in the city's journey towards becoming a leading financial services destination. It underscores the attractiveness of GIFT City for international players and sets the stage for further growth and expansion in India's financial landscape.

Real Estate

26 Jun 2026

AGM Vijaylaxmi launches Sixty3 W.E. Bizpark

AGM Vijaylaxmi Group has launched Sixty3 W.E. Bizpark, a mixed-use commercial development in Goregaon East, Mumbai. The project includes contemporary office spaces and a high-street retail component designed to support businesses, retailers and professionals.Located along the Western Express Highway, Sixty3 W.E. Bizpark is planned as a G+25-storey commercial tower. It offers office spaces ranging from 545 sq ft to 3,200 sq ft, with a 3.60 metre floor-to-floor height aimed at improving spatial comfort, natural light and operational efficiency.The project features a high-street retail boulevard ..

Manglam Group to Develop Sheraton Hotel in Jaipur

Manglam Group has signed an agreement with Marriott International to develop a Sheraton hotel on the Jaipur–Ajmer Highway in Jaipur. The project will feature 220 keys and is being developed with an investment of around Rs 3.5 billion across more than 300,000 sq ft.The hotel marks Manglam Group’s third collaboration with Marriott International and forms part of its Rs 10 billion hospitality investment roadmap. The agreement was signed by Amrita Gupta, Director, Manglam Group and CEO, Manglam Spa and Resorts, and Rajeev Menon, President, Asia Pacific excluding Greater China, Marriott Interna..

India Warehousing Show 2026 opens at YashoBhoomi

India's warehousing, logistics, and supply chain ecosystem came together as the 15th edition of India Warehousing Show (IWS) 2026 opened at YashoBhoomi, India International Convention & Expo Centre (IICC), Dwarka, New Delhi on June 25 (Thursday). Organised by RX India, the three-day event will run from 25-27 June 2026, bringing together policymakers, industry leaders, technology providers, and supply chain professionals under one roof. It also features a two-day knowledge conference that will run alongside the exhibition. Inaugurated by Pankaj Kumar, Joint Secretary - Logistics, DPIIT..