- The Gujarat government has appointed Kotak Mahindra Bank founder Uday Kotak as the new chairman of GIFT City (Gujarat International Finance-Tech City) in Gandhinagar.
- He replaces Hasmukh Adhia, who previously served as non-executive chairman.
- The appointment order was issued by the Urban Development and Urban Housing Department of the Gujarat government.
- GIFT City is India's first operational smart city and the country's first international financial services centre (IFSC).
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