The correct answer is: Financial sector development.
The GIFT City project is a financial and IT hub being developed in Gujarat, India. It is a joint initiative of the Government of Gujarat and the Gujarat International Finance Tec-City Company Limited (GIFT City Company). The project is being developed on a 1,000-acre site in Gandhinagar, the capital of Gujarat.
The GIFT City project is expected to be a major financial center in India. It will offer a range of financial services, including banking, insurance, and asset management. The project will also have a special economic zone (SEZ) for IT and IT-enabled services.
The GIFT City project is expected to create thousands of jobs and attract billions of dollars in investment. It is seen as a major step in the development of Gujarat as a global financial center.
The other options are incorrect because:
- Tourism promotion: The GIFT City project is not primarily focused on tourism.
- Agricultural innovation: The GIFT City project is not primarily focused on agricultural innovation.
- Infrastructure development: The GIFT City project is a major infrastructure development project, but it is not the only focus of Gujarat’s development efforts.