Current Affairs - Awards and Honours - Discussion

The Gujarat government has appointed Uday Kotak, founder of Kotak Mahindra Bank, as the new Chairman of GIFT City, India’s first operational Smart City and maiden International Financial Services Centre (IFSC) located in Gandhinagar. He replaces Hasmukh Adhia in this role. GIFT City plays a significant role in strengthening India’s global financial presence, with substantial banking assets and international participation. The appointment of an experienced banking leader like Uday Kotak is expected to enhance the city’s global competitiveness, attract more international financial institutions, and support the continued expansion of India’s IFSC ecosystem.