India is building a new city to give global investors an easy way into its booming economy. Gradually mushrooming on an otherwise barren 886-acre parcel of land in Gujarat -- Prime Minister Narendra Modi's home state -- is a small collection of buildings that India hopes will one day rival financial centers like Singapore, Dubai and Hong Kong. It's called Gujarat International Finance-Tec City, or GIFT City. "Except for the fact that we are not sitting in Singapore and GIFT City is not Singapore, I think from a business perspective we have everything that is required," Ajay Pandey, the city's CEO, told CNN.
