India’s largest startup space will soon open at GIFT City

Gujarat has taken the lead in enhancing the startup ecosystem, gaining momentum from its innate entrepreneurial drive. The Gujarat International Finance Tec-City (GIFT City) would now host the nation's largest startup space and an international fintech institute, with a built-up size of up to 7 lakh square feet.
"The state government is in preliminary level talks with stakeholders to finalise the nittygritty of the project, which is expected to be funded by the Asian Development Bank (ADB). The incubation centre will support fintech startups with assistance and mentorship in research, innovation, skilling initiatives and resource mobilisation," a senior official at GIFT City told media.
An ADB-funded project called Promoting Research Innovation through Development of Fintech Institute at GIFT (PRIDE) aims to strengthen the fintech ecosystem in GIFT City. Key sources in the state finance department revealed, "The decision to form a dedicated institution to support Fintech startups within GIFT City was taken during the steering committee meeting of the Centre, wherein the state, centre and GIFT City are all stakeholders. Expression of interest has been invited and soon, stakeholder consultation will be held, following which a new SPV will be established."