After its construction the gateway was used as a symbolic ceremonial entrance to British India for important colonial personnel. It has been called a symbol of "conquest and colonisation" commemorating British colonial legacy. The gateway is also the monument from where the last British troops left India in 1948, following Indian independence. It is located on the waterfront at an angle, opposite the Taj Mahal Palace and Tower Hotel and overlooks the Arabian Sea. Today, the monument is synonymous with the city of Mumbai, and is amongst its prime tourist attractions. The gateway is also a gathering spot for locals, street vendors, and photographers soliciting services. It holds significance for the local Jewish community as it has been the spot for Hanukkah celebrations, with the lighting of the menorah, since 2003. There are five jetties located at the gateway, of which two are used for commercial ferry operations.