Gujarat International Finance Tech-City or GIFT is an under-construction city in the
Indian state of Gujarat. It will be built on 673 acres of land. Its main purpose is to provide
high quality physical infrastructure (electricity, water, gas, district cooling, roads, telecoms
and broadband), so that finance and tech firms can relocate their operations there from
Mumbai, Bangalore, Gurgaon etc. where infrastructure is either very bad or very expensive.
It will have a special economic zone (SEZ), international education zone, integrated
townships, an entertainment zone, hotels, a convention center, an international techno park,
Software Technology Parks of India (STPI) units, shopping malls, stock exchanges and
service units.
To develop and implement the Project, Government of Gujarat (GOG) through its
undertaking Gujarat Urban Development Company Limited (GUDCOL) and Infrastructure
Leasing & Financial Services (IL&FS) have established a Joint Venture Company, "Gujarat
International Finance Tec-City Company Limited" (GIFTCL).
GIFTCL proposes to implement GIFT as a globally benchmarked International Finance City
with an eventual built on area of 62.0 mil sqft. The company plans to develop, finance,
implement all infrastructure in and around GIFT on a turnkey basis to ensure that all
conceivable services in relation to connectivity, communication, technology, security,
services for quality of life etc. are
GIFT is being designed as a hub for the global finance services industry. The Project design
has benefited greatly from the inputs of a large number of domestic and international experts
who have had an opportunity to determine the key needs of Companies in the financial
services space. More particularly, connectivity, infrastructure and transportation access have
been integrated into the design of the city. An attractive pricing strategy is also being
developed to ensure that it is a fraction of the cost that is ordinarily incurred in other Indian
and global finance cities.
Its Target Business Segments are:
Financial Services Operations (Back-office of banking, Insurance and Asset
Management Companies)
IT services (Software Application development and maintenance)
Capital Markets & Trading
ITeS
BPO Services
KPO Services
Location
The site is 12 km from the Ahmedabad International Airport and 8 km from
Gandhinagar and nearby shahpur village . The site abuts a four lane National
Highway (NH8) which connects Ahmedabad and Gandhinagar on its eastern side. The
Sabarmati river demarcates the western boundary of the Project site.
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Transportation
GIFT aims at providing transportation network which ensures accessibility, easy &
fast mobility and zero road accidental deaths. This would be achieved by:
1. Using a multimodal mix of Transport systems (MRTS/LRTS/BRT, etc.) for both
inter region (Ahmedabad, Airport, Gandhinagar and the City) and intra-city.
2. Using walk-to-work concept as part of urban planning with a nodal split of 10:90
between private and public transport.
3. Use of electric Personnel Rapid Transport systems within the City.
In future, City will be linked with Ahmedabad BRTS, operated by Ahmedabad
JanMarg Ltd.
First Phase
As of now, proposed GIFT city’s land leveling work is finished. GIFT city has built a
temporary housing facility for some 40000+ workers.
Second Phase
The second phase's construction of roads and bases of buildings - 2011-2013.
Third Phase
The third phase's planned period for construction and commencement - 2013-2017.
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