Ahmedabad, Dec. 15 -- Gujarat International Finance Tec-City is being positioned as India's next international digital gateway with the establishment of an international Cable Landing Station (CLS), a project aimed at reducing the country's dependence on Mumbai for global data connectivity while strengthening GIFT City's financial and technology ecosystem, officials aware of the details said.

The project got a major boost with the recent signing of a Memorandum of Understanding (MoU) between the Gujarat government, GIFT City and Henox IT & Data Centers Pvt. Ltd, a UAE-backed firm at Mahatma Mandir in Gandhinagar.

Officials said the cable landing station project involves a potential investment of about Rs.1,317 crore and is expected to g...