GIFT City may lose edge over Mumbai-Ahmedabad high speed rail: Expert

GIFT City has been envisaged by Modi as an alternative financial centre to Mumbai at Gandhinagar

Vinay Umarji & Sohini Das  |  Ahmedabad 

Even as Prime Minister Narendra Modi and his Japanese counterpart Shinzo Abe kick off the Mumbai-Ahmedabad high speed rail project from Sabarmati station on Thursday, it could lead to Modi’s pet project, Gujarat International Finance Tec-City (GIFT) City, lose its competitive edge as an upcoming financial centre, say experts. According to G Raghuram, director of Indian Institute of Management-Bangalore, the rise in connectivity could result in commercial activities getting centralised to the larger centre. “Due to rise in connectivity (resulting from the ...

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First Published: Thu, September 14 2017. 01:28 IST