Success has even more detractors than it has fathers. Accolades and brickbats have been the story of the Gujarat International Tech-Finance City or the GIFT City that has attracted eyeballs and envy in equal measures ever since its inception for it being the first-of-its-kind in India. Vision of a state (Gujarat) and business acumen of an infrastructure giant (IL&FS), took on the challenge when there was no one to pick the gauntlet. Sooner than expected, it rose to #6 in Asia and #10 amongst top 92 financial centres in the world. Praised by businesses in India and abroad, it has remained in headlines for the wow factor. Recently, there has been a concerted campaign making sensational claims against the project. Whether there is an element of truth or is it a case of jealousy, vendetta and detractors at work? Dr Gursharan Dhanjal, Editor, INCLUSION, speaks with Ajay Pandey, MD & Group CEO, GIFT City to find out:
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To my mind, there cannot be any controversy or debate as to how to achieve inclusive growth. I think the experience of all developed and developing countries as well as India shows that in order to achieve inclusive growth we need to do five things.
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