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India is building a city from scratch to attract foreign investors

India is building a city from scratch to attract foreign investors

Submitted by • July 10, 2020 edition.cnn.com

(CNN Business)India is building a new city to give global investors an easy way into its booming economy.

Gradually mushrooming on an otherwise barren 886-acre parcel of land in Gujarat -- Prime Minister Narendra Modi's home state -- is a small collection of buildings that India hopes will one day rival financial centers like Singapore, Dubai and Hong Kong.
It's called Gujarat International Finance-Tec City, or GIFT City.

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