Indian Prime Minister Narendra Modi is looking to revive a decade-old project to build a new financial hub in his home state of Gujarat, with new breaks aimed at drawing in foreign brokers and companies. The GIFT City project was launched on the outskirts of Ahmedabad in 2011 when Modi was chief minister of Gujarat, outmaneuvering Mumbai as the choice of venue for a new tax-neutral financial centre for banks, exchanges and investment funds. While more than 400 entities, mostly banks, have since then set up shop in the modern office blocks across the small city, employing about 20,000, the hub has struggled to develop into a thriving financial ecosystem with robust market turnover. Modi las
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