Under the MoU, a collaborative framework will be established between GIFTCL and TiE to promote innovation, attract investments and create an enabling environment for businesses in India through GIFT City.

Tapan Ray, MD and Group CEO, GIFT City, said in a statement, “This collaboration will enable us to attract top-tier entrepreneurs and businesses to GIFT City, further strengthening our position as a leading financial and technology services hub "

As part of the MoU, a Joint Working Committee will also be formed with representatives from GIFTCL and TiE to oversee the collaboration activities.

This committee will meet periodically to discuss progress, address challenges, and explore new opportunities.

Amit Gupta, Chairman of the Board of Trustees, said, “We are excited to sign this MoU with GIFT City to create jobs, spur economic growth and shape innovation to transform and uplift societies and economies. This will act as a catalyst for capacity building for TiE Global and Group CEO, Ecosystem Group.

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 to enhance the startup ecosystem, and jointly share knowledge- Will organize sharing sessions, networking events and boot camps. ,