Hasmukh Adhia appointed chairman of GIFT City
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Hasmukh Adhia has been appointed as the chairman of GIFT City Limited.
An Overview of the News
Hasmukh Adhia is a retired bureaucrat and former Union Finance Secretary and Revenue Secretary.
Before Hasmukh Adhia, former Chief Secretary of Gujarat Sudhir Mankad was in the post of president.
GIFT City aims to promote international financial services and develop infrastructure for the finance and technology sectors.
Hasmukh Adhia has been appointed as the director and chairman of the boards of Gujarat Alkalies and Chemicals Limited (GACL) and Gujarat Mineral Development Corporation Limited (GMDC).
Gujarat Alkalies and Chemicals Limited (GACL) and Gujarat Mineral Development Corporation Limited (GMDC) are state public sector undertakings.
According to regulatory filings, the appointments of Hasmukh Adhia to the post of non-executive chairman in GACL and GMDC.
About GIFT City
Gujarat International Finance Tec (GIFT) City is a central business district under construction in Gandhinagar district of Gujarat, India.
It is India's first operational Greenfield Smart City and International Financial Services Centre.
GIFT City has been promoted as a greenfield project by the Government of Gujarat.
GIFT City is divided into two zones: the International Financial Services Center (IFSC) and the Domestic Tariff Area (DTA).
IFSC is designed for global financial institutions and international transactions.
DTA caters to home businesses in a variety of industries.
Formation - 1 May 1960
Capital - Gandhinagar
Governor - Shri Acharya Dev Vrat
Chief Minister - Shri Bhupendra Patel
Rajya Sabha - 11 seats
Lok Sabha - 26 seats
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