A Gujarat Government delegation led by State Finance Minister Saurabh Patel is in Dubai to learn the best practices involved in creating a successful financial city with world-class infrastructure.

Top officials from the State and from the management of Gujarat International Finance Tec-City (GIFT) city are also accompanying Patel for the three-day trip from August 8-10.

They are scheduled to meet authorities from Dubai Metro, Dubai International Financial Centre (DIFC), Dubai Multi Commodities Centre (DMCC) and other dignitaries.

They also plan to attract investments towards GIFT city and various other projects in Gujarat.

GIFT city is located 12 km from Ahmedabad. First of its kind in India, it aspires to cater to the country’s large financial services potential by offering global firms a world-class infrastructure and facilities like multi-speciality special economic zone with integrated townships and finance centre.

With a decade-long growth rate of more than 10 per cent (2001-2011), Gujarat has come to establish itself as a strong growth engine of India, a statement issued by the Consul General of India here said.

Accounting for about 5 per cent of India’s population and 6 per cent of land area, the State has metamorphosed into one of the fast growing state economies overcoming its limitations in resource base and its climatic constraints.

The State now contributes more than 7 per cent to India’s GDP share; in particular, 13 per cent of manufactured and 11 per cent of primary sector output of the country.

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