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.

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

DCPC Prepares for Special Campaign 5.0 with Focus on E-Waste

The Department of Chemicals and Petrochemicals (DCPC), Ministry of Chemicals and Fertilisers, is gearing up for Special Campaign 5.0, to be held from 2nd to 31st October 2025. The initiative will focus on e-waste disposal as per MoEFCC’s E-Waste Management Rules 2022, space optimisation, and enhancing workplace efficiency across field offices.Special Campaign 4.0, conducted between October 2023 and October 2024, delivered notable results in record management, grievance redressal, scrap disposal, and cleanliness drives.Key outcomes of Special Campaign 4.0Records management: 2,443 physical fil..

Next Story
Real Estate

BlackRock India Leases 1.4 Lakh Sq Ft in Bengaluru

BlackRock Services India, the domestic arm of global asset manager BlackRock, has leased 1.4 lakh sq ft of office space at IndiQube Symphony in Bengaluru, according to Propstack data. The 10-year deal is valued at around Rs 4.10 billion.The lease, among the largest transactions in India’s co-working sector, highlights the growing preference of global institutions for flexible office providers. The agreement, commencing October 1, 2025, covers ground plus five floors in KNG Tower 1 at Ashoknagar, MG Road — one of Bengaluru’s prime commercial hubs.As per the lease document, BlackRock will ..

Next Story
Infrastructure Transport

L&T Bags Rs 25–50 Bn Order for Mumbai-Ahmedabad Bullet Train Track Works

Larsen & Toubro’s (L&T) Transportation Infrastructure business has secured an order valued between Rs 25 crore and Rs 50 billion from the National High Speed Rail Corporation Limited (NHSRCL) for the Mumbai-Ahmedabad High Speed Rail (MAHSR) corridor.The contract, Package T1, involves the design, supply, construction, testing, and commissioning of 156 route km of high-speed ballastless track on a Design-Build Lump Sum Price basis. The stretch runs from Mumbai’s Bandra-Kurla Complex to Zaroli village in Gujarat and includes 21 km of underground track and 135 km of elevated viaduct.Se..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?