GIFT CITY INTERACTION
6:00 PM on Tuesday 27 February 2018
India’s First Operational Smart City and IFSC
Cordially invites you to be part of a
“Media Round Table”
Mr. Ajay Pandey
MD & Group CEO
For a business update on GIFT City
followed by dinner
Nisarg Acharya Saurabh Shah
GIFT City Adfactors PR
Dear Esteemed Foreign Correspondent Member,
The Gujarat International Finance Tec – City (GIFT City) is India’s First International Financial Services Centre (IFSC) and operational smart city.
In the recent Union Budget, Government of India announced two important announcements related to GIFT IFSC: setting up a unified regulator for GIFT IFSC and exempt transfer of derivatives and certain securities by non-residents from capital gains tax. Non-corporate taxpayers operating in IFSC shall be charged Alternate Minimum Tax (AMT) at concessional rate of 9 per cent at par with Minimum Alternate Tax (MAT) applicable for corporates.
This will help GIFT IFSC to compete on equal footing with global financial centres and bring back business worth billions of dollars annually that India has been losing to global financial hubs across the world.
GIFT City has been included in Government of India’s Smart City Mission Statement and Guidelines as Model City in Greenfield category for development of 100 Smart Cities in India.
GIFT City offers worldclass infrastructure like Underground Utility Tunnel, Automatic Waste Collection System, District Cooling System, Potable water from any Tap throughout the City. Some of these are being implemented for the first time in India.
With this background, GIFT City is organizing a select media briefing at The Foreign Correspondents’ Club on Tuesday, February 27, 2018.
Registration from 6 pm and event will begin at 6-30 pm.
Mr. Ajay Pandey, MD & Group CEO, GIFT City, will share updates. He will be accompanied by his senior colleagues Mr. Sunil Joshi, President – Business Operations, and Mr. Dipesh Shah, who heads the IFSC business.
You are cordially invited.
S Venkat Narayan
Who Can Join Join Us
The FCC is a club of professional journalists working for the international media and was founded in 1958. The six membership categories are:
Journalists who, in a writing, broadcasting, photographic, research or managerial capacity, represent foreign-based media, the bulk of whose circulation or audience is outside India. This is the only membership category which has the right to vote in Club meetings. Applications should be accompanied by a PIB card, or a letter from a foreign-based Editor, or clippings over a period of six months (reporting events in India or elsewhere). Annual subscription: Rs 5,000 plus Rs 500 one-time non-refundable admission fee.
Journalists whose main professional duties are representing Indian media in an editing, writing, broadcasting or photographic capacity. Applications should be accompanied by a PIB card or clippings over a period of six months. Annual subscription: Rs 5,000 plus Rs 500 one-time non-refundable admission fee.
Diplomats working in Embassies/High Commissions and staff of UN-affiliated institutions (World Bank, UNESCO, UNICEF etc) based in India are eligible. Membership fee: Rs 10,000 per head as the annual subscription (plus Rs 500 as one-time, non-refundable admission fee per person). If five or more members from the same mission join and pay as a single group, they will get a 10% discount.
Representatives of non-profit organisations such as NGOs, and government ministries and agencies, who have some link with the foreign media (for example, being the head of an organisation or the public relations official), and lawyer members of bar associations. NGO applicants and lawyer members of bar associations should be nominated by a Foreign Correspondent Member. Applications for all General Associate members should be accompanied by proof of occupation, preferably a letter from the organisation involved. Annual subscription Rs 13,500 plus Rs 500 admission fee.
CEOs, Vice-Presidents and senior executives from MNCs, Indian corporations, public relations agencies, advertising agencies, hotels, and other businesses---who wish to interact with FCC members. Applications should be accompanied by proof of occupation, preferably a letter from the organisation involved. Annual subscription Rs 27,000 plus Rs 500 one-time, non-refundable admission fee. Group rate: Rs 50,000 for two members (+Rs 1,000 as one-time, non-refundable admission fee) and Rs 1,00,000 for five members (+2,500 as one-time, non-refundable admission fee) from the same group.
Spouses of all categories of FCC Members. Annual subscription Rs 3,000 plus Rs 500 one-time, non-refundable admission fee.