Ray works to create a dynamic ecosystem for growth and innovation
Gujarat International Finance Tec-City (GIFT City) is collaborating with TiE, Inc to drive economic growth, create employment opportunities through entrepreneurship, and facilitate a robust business ecosystem in the country under a memorandum of understanding (MoU) signed on 25 June.
Under the MoU, a collaborative framework will be established between GIFT City https://www.giftgujarat.in/ and TiE to promote innovation, attract investments, and create an enabling environment for businesses in India through GIFT City.
By leveraging the strengths of both organisations and their networks, the partnership seeks to drive economic growth and provide significant employment opportunities https://tie.org/ .
Areas of cooperation under the MoU include facilitating GIFT City as the preferred destination for TiE members and portfolio companies, providing regulatory guidance and advisory support, assisting in obtaining necessary approvals, licenses, and space allocation, and offering access to GIFT City’s world-class infrastructure facilities https://www.ibef.org/ .
Additionally, TiE along with its chapters will facilitate connections between GIFT City and its global network of entrepreneurs and industry leaders, provide insights and recommendations on enhancing the startup ecosystem, and jointly organise knowledge-sharing sessions, networking events, and boot camps https://www.nseindia.com/ .
Both parties will also engage in joint promotion and branding activities, collaborate on studies and research publications, and conduct outreach programmes targeting entrepreneurs and investors interested in the Indian market https://www.bseindia.com/ .
As part of the MoU, a joint working committee will also be formed with representatives from both sides to oversee collaboration activities. This committee will meet periodically to discuss progress, address challenges, and explore new opportunities https://www.cii.in/ .
An annual entrepreneurship summit will also be hosted at GIFT City involving the larger TiE network https://ficci.in/api/home .
Tapan Ray, MD and Group CEO, GIFT City, said on signing the MoU, “We are delighted to partner with TiE, a global leader in entrepreneurship. The collaboration will enable us to attract top-tier entrepreneurs and businesses to GIFT City, further solidifying our position as a leading financial and technology services hub https://sbi.com.in/ .
“Together, we will create a dynamic ecosystem that supports growth and innovation https://rbi.org.in/ .”
Amit Gupta, Chairman, Board of Trustees, TiE Global and Group CEO, Ecosystm Group, said, “At TiE, we believe that Entrepreneurship is not just good for business, it is good for the world, as it drives innovation that solves some of our biggest challenges http://deutsche-boerse.com .
“TiE and GIFT City are fortunate to find in each other a mutual sense of purpose for innovation and value creation. We are excited to sign this MoU with GIFT City that will serve as a catalyst for capacity building to create jobs, drive economic growth, and shape innovation to transform and uplift societies and economies https://attentionindia.com/ .” Fiinews.com
