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The government has decided to ease liquor norms in this portion og Gujarat. Multi-Commodity Exchange (MCX) will set up an international exchange in GIFT City and has signed a MoU for asset class exchange. The Dehradun Municipal Corporation has signed up for a Greenfield Township. IndusInd Bank will get an IFSC Banking UNit here. Oracle has clinched the biggest space of 105,442 square feet of office in GIFT City. Also, this global centre is expected to bring back the $50 billion in revenue annually loss to other global hubs, where regulations will be guided by Reserve Bank of India (RBI) and Insurance Regulatory and Development Authority of India (IRDA). Although, several critical statements have surfaced diminishing the importance of this gargantuan project, but India being one of the fastest developing countries needs to leverage its stunning intellectual class. Th prime motive is the creation of jobs and generation of revenues that is possible only if reformative steps are taken in the right direction. The GIFT city venture is a bugle of Smart Cities and soon such townships will hop throughout the nation offering prodigious opportunities.