GANDHINAGAR, India (Reuters) – When he was chief minister of Gujarat in 2011, Indian Prime Minister Narendra Modi kicked off an ambitious project to develop a financial hub in the style of Singapore or Dubai.
People walk past buildings under construction at the Gujarat International Finance Tec-City (GIFT) at Gandhinagar, Gujarat, March 18, 2019. REUTERS/Amit Dave
The developers were tasked with transforming an expanse larger than New York’s Central Park into a city with more than 100 skyscrapers supporting more than 1 million jobs – all within a decade.
Nearly eight years later, Gujarat International Finance Tec-City, or GIFT City, supports only 9,000 jobs and only about 3 million of its 62 million square feet of planned development have been built, according to documents from the