Gandhinagar (Gujarat) [India], August 11 (ANI): Gujarat Chief Minister Bhupendra Patel on Tuesday stated that GIFT City has become a powerful instrument for advancing Prime Minister Narendra Modi's vision of making the country's financial sector global. He said GIFT City, India's first financial tech city, is giving the country new identity on global stageHe highlighted that GIFT City is continuously expanding across sectors such as banking, insurance, asset management, capital market services, fund management, fintech, aircraft leasing, and ship leasing. The Chief Minister was addressing the gathering at the inauguration of the Global Connect (Gujarat International Finance Tec-City) GIFT City Edition, jointly organised by HSBC and NDTV at GIFT City, according to a release. He stated that the Union Budget provides special incentives for industries setting up in GIFT City. The extension of the tax holiday from 10 to 20 years will give investors greater confidence to invest in GIFT City.