+
UK to fund Gift City development
SMART CITIES

UK to fund Gift City development

The UK has formed a strategic partnership to develop GIFT City, a fledging international financial services centre. The UK has set up a new Fund of Funds to route its future capital investments into India. The State Bank of India manages the Fund of Funds.

The new infrastructure finance and policy partnership signed by India and the UK will help to execute investments worth 1.4 trillion in National Infrastructure Pipeline. The agreement was signed at the tenth Economical and Financial Dialogue (EFD) by finance Minister Nirmala Sitharaman and UK’s Chancellor Rishi Sunak.

Mr Sunak said that the bilateral partnership between India and the UK would lead the way for the global recovery of the economy. He further stated that they are working on other initiatives to build trade infrastructure, sustainable finance, and research. The partnership to develop the GIFT City is also a part of the initiative to increase the international capital flow from London to India.

A joint statement by leaders of the two countries said that the collaboration between India and UK would speed up the development of India’s first financial services centre, the GIFT City (Gujarat International Finance Tec-City). More significant links will be formed between the Indian and the United Kingdom’s governments by bringing together the GIFT City and UK’s financial services ecosystem.

The UK will support India’s Infrastructure Pipeline, under the infrastructure partnership signed by the countries. The UK will share with India its experience, knowledge and provide technical assistance to India’s National Infrastructure Pipeline, which includes setting up a Project Preparation Support Facility-cum-Centre for Excellence for PPP Projects.

India and the UK are also establishing a new Sustainable Finance Forum to mobilise private capital for green investments.

The UK has formed a strategic partnership to develop GIFT City, a fledging international financial services centre. The UK has set up a new Fund of Funds to route its future capital investments into India. The State Bank of India manages the Fund of Funds.The new infrastructure finance and policy partnership signed by India and the UK will help to execute investments worth 1.4 trillion in National Infrastructure Pipeline. The agreement was signed at the tenth Economical and Financial Dialogue (EFD) by finance Minister Nirmala Sitharaman and UK’s Chancellor Rishi Sunak. Mr Sunak said that the bilateral partnership between India and the UK would lead the way for the global recovery of the economy. He further stated that they are working on other initiatives to build trade infrastructure, sustainable finance, and research. The partnership to develop the GIFT City is also a part of the initiative to increase the international capital flow from London to India. A joint statement by leaders of the two countries said that the collaboration between India and UK would speed up the development of India’s first financial services centre, the GIFT City (Gujarat International Finance Tec-City). More significant links will be formed between the Indian and the United Kingdom’s governments by bringing together the GIFT City and UK’s financial services ecosystem. The UK will support India’s Infrastructure Pipeline, under the infrastructure partnership signed by the countries. The UK will share with India its experience, knowledge and provide technical assistance to India’s National Infrastructure Pipeline, which includes setting up a Project Preparation Support Facility-cum-Centre for Excellence for PPP Projects. India and the UK are also establishing a new Sustainable Finance Forum to mobilise private capital for green investments.

Next Story
Infrastructure Urban

India to Invest Rs 600 Billion to Upgrade 1,000 ITIs

As part of its drive to modernise vocational training, the Ministry of Skill Development and Entrepreneurship (MSDE), in collaboration with Gujarat’s Labour and Employment Department, held a State-Level Workshop at the NAMTECH Campus within IIT-Gandhinagar to discuss the National Scheme for ITI Upgradation.The consultation brought together key stakeholders from industry and the training ecosystem to align expectations and support implementation of the scheme, which aims to transform 1,000 Industrial Training Institutes (ITIs) across India using a hub-and-spoke model. The total outlay stands ..

Next Story
Infrastructure Urban

India Unveils Rs 600 Billion Maritime Finance Push

The Ministry of Ports, Shipping & Waterways (MoPSW) hosted the Maritime Financing Summit 2025 in New Delhi, bringing together over 250 stakeholders including policymakers, industry leaders, global investors, and financial institutions. The summit, held under the ambit of Maritime Amrit Kaal Vision (MAKV) 2047, focused on transforming India into a leading maritime power with strengthened financial, infrastructural, and technological capabilities.Union Minister Sarbananda Sonowal emphasised India's strategic progress, noting that average port turnaround times have dropped from four days to u..

Next Story
Infrastructure Urban

Govt Allocates Rs 500 Million To Boost Community Radio

The Central Government, through its ‘Supporting Community Radio Movement in India’ scheme, has allocated Rs 500 million to strengthen the community radio ecosystem across the country. The initiative aims to assist both newly established and long-operational Community Radio Stations (CRSs), ensuring their relevance to local educational, social, cultural, and developmental needs.According to the policy published by the Ministry of Information and Broadcasting, CRSs may be set up by not-for-profit organisations with at least three years of demonstrated community service. These stations are ex..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?