The Centre has exempted GIFT City-based International Financial Services Centre entities from obtaining DGMA licences to lease foreign vessels. The move under the Coastal Shipping Act, 2025 aims to ease vessel chartering and strengthen India's maritime and international financial services ecosystem
Kinjarapu Ram Mohan Naidu said India is set to become the world’s third-largest aviation market by 2035 with around 2,250 aircraft. He highlighted GIFT City’s growing role in aircraft leasing and financing, aiming to reduce dependence on foreign jurisdictions
The Minister said Hyderabad was one of the least active seismic zones in the country, which makes it an ideal location for setting up such data centres