Correct Answer : Option (C) - Gujarat
The New Development Bank (NDB) of the BRICS countries has announced plans to open its regional office of India at the Gujarat International Finance Tec-City (GIFT City) to cater to infrastructure and sustainable development needs of the country.
Working in close coordination with the NDB Headquarters, the Indian Regional Office will focus on project origination including initial project preparation and technical assistance, pipeline development, project implementation and monitoring as well as regional portfolio management, the bank said in a press release.
Headquartered in
Shanghai, the NDB was established by
BRICS nations, namely Brazil, Russia, India, China, and South Africa. The bank formally opened in July 2015..
Source : Business Standard