Other key initiatives leading the charge of Gujarat’s development:

The GIFT – Gujarat International Finance Tech-City (GIFT City), India’s 1st operational Greenfield smart city and international financial services center under The SEZ Act (Special Economic Zone) is another strategic initiative by the Gujarat government. The idea for GIFT City was abstracted by Honorable PM Narendra Modi in 2008, aiming to create a global-level IT and finance zone to offer services across the world. Officially launched in 2011, the city started as a joint venture between Gujarat Urban Development Company and IL & FS (Infrastructure leasing and financial services).

Key Features: Fintech and digital hubs, global trading platforms, well-connected through national and state highways, educational hubs, smart and sustainable utilities, global trading platforms, global level infrastructure and SEZ.

Startup Gujarat: Launched in 2015 under the Gujarat Industrial Policy, Startup Gujarat Initiative is a comprehensive program that aims to foster entrepreneurship and innovation. The program includes diverse support schemes and policies for. Since the establishment, the initiative has nurtured more than 15,000 startups and founded more than 180 incubating centers across the state.

Key Features: Strategic funding and investment from active investor communities like GVFL and GAIN, Over 298 mentors and 210 incubators available, 100 patent information centers, sector-specific policies, and institutional support.

i-Hub

Established under the Student Startup and Innovation Policy (SSIP) by the Department of Education, Gujarat, i-Hub is a deliberated incubation setup aiming to develop end-to-end entrepreneurial ecosystem. Especially, it intends to foster innovation into the state by connecting students, sectors, academia and society with a vision of making robust startup ecosystem.

Key Features: Funding assistance, IPR support, training programs and workshops, networking and mentorship, and modern infrastructure.

Wholly, this transformative change of the western state of India into a tech city is a vital evolution and revolution in the economic and societal landscape of India. The state powered up well on its way to becoming a prominent destination for tech startups and firms in India. The Gujarat government’s dedicated commitment to fostering a fertile environment for development ensures that the state will stand as testimony to thrive as a key startup hub and tech city in the coming years.