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Gujarat International Finance Tec – City A Global Financial Hub
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Gujarat International Finance Tec – City
A Global Financial Hub
Demand For Financial Services In India
Significant Potential:
• Financial Services Sector transformed over the last decade
• Sector contributes significantly to the Indian economy
• Employs over 3 million people
• Represents around 5% of the GDP
• Estimated market capitalisation of over US$ 200 billion
• Offers distinct kinds of opportunities across several product markets
“Given India's continued economic growth, the financial sector will grow
increasingly larger, with a prospect of 10 to 11 million jobs by 2020.”
Need For Finance City In India
“If India builds an International financial
center, with suitable rules and regulations,
the earnings out of financial sector exports
will surpass that of IT”
Percy Mistry, (Fmr) World Bank
“Offshoring industry needs at least five
new ‘Gurgaon’ and five to seven new
‘Pune plus”
Nasscom–McKinsey report
Financial Services Centre’s Contribution
Financial Hubs Share Of GDP Jobs Share
London 9 5.2
New York 10 5.4
Hong Kong 13 5.5
Singapore 12 5.2
Zurich 10 4.0
Franfurt 5 5.0
Sydney 8 4.0
Tokyo 20 10.0
Dubai 11 N/A
Channel Islands 60 30.0
Luxemburg 30 10.0
Source: IFSL; UK % share
Financial Services Will Continue To Contribute
Significantly To The Indian Economy
No. of Jobs Value add to GDP Market Capitalisation
(Thousands) (USD Billion) (USD Billion)
Core Financial 2,750-2,900 30-35 175-190
Services
7,400-7,600 240-250 1,150-1,250
Capital Markets 4-5 -1 6-7
& Trading
19-20 8-10 65-75
IT for Financial 500-600 14-18 80-90
Services
2,000-2,200 100-120 300-375
ITeS/ BPO for 175-225 3-4 11-16
Financial
Services 750-850 25-35 100-150
3,500-3,700 50-75 275-325
Total 10,000-11,000 375-425 1,600-1,800
2007 2020 Source: McKinsey & Company
*Value Add defined as PAT + operating expenses;
**Includes Institutional equities, investment banking, private equity and hedge funds; does not include retail brokerage which
has a potential of 1 million jobs by 2020
India Desperately Needs New Cities
Which Can Thrive On Sustainable Sectors…
2 OPPORTUNITY CONSTRAINTS
India is a great Innovative way to
overcome these
Growth Story Infrastructure constraints
But is stifled with
facing problem of Bottlenecks
with
Crumbling Urban
Strong Urbanization Infrastructure
Trends
TOP OF THE MIND SECTORS SOLUTION
• Auto Ancillaries
Setting up Self - sustaining Cities
• Textiles
• Gems & Jewellery Which are
• Manufacturing
• Financial Services
Driven by High Growth Sectors
• IT/ ITES
• BPO/ KPO
Which are
expected to
• The sector could provide a
potential 10 to 11 million jobs • Witness growth of at least 10% in next 10 years
• About 800 million sq. ft. office • Have potential to earn both domestic as well as
space international income
• GDP contribution at rates of 15 to • Have potential to attract and retain talented
20 % people
Building A Successful Financial Services Centre
DEFINING A SUCCESSFUL FINANCIAL SERVICES CENTRE
A Successful Financial Services Centre Has Six Key Building Blocks:
• Rational legal regulatory framework
• Attractive, sustainable local economy
• Stable political environment
• Highly developed infrastructure
• Strategic geographic location
• Good quality of life
Why Gujarat?
GUJARAT’S STRENGTHS
• Traditional business community
• High growth economy-- >10 % over last five years
• Pool of trained manpower
CAs
Commerce graduates
• Active Capital Markets-- >Gujarat contributes 30% of stock market capitalisation
• Proactive Government
• 38% urban population envisioned to be 50% by 2015
KEY COMPETITIVE FACTOR
• People - Gujarat has an adequate employable pool and offers high potential for
inward migration
• Business Environment - Gujarat has demonstrated successfully its forte of providing
conducive business environment
• General Competitiveness - Overall, the state stands tall
Presentation Structure
Gift:
The Value
Proposition
The Value Proposition
Gift: A Global Financial Hub
• Globally benchmarked International Finance Centre
• Strategically located
• Central business hub
• Targeting Financial Services & IT/ITeS sectors
• First of it’s kind development in scale, scope and quality
• State-of-the-art infrastructure
Defined Positioning
The Concept
To target 6-8% Up to 90 million sq.
GIFT Aspires To Catalyse India’s Largest Financial Creation of
of financial ft. of real estate
Services Potential By Offering World-class 1 million direct
services office and
Infrastructure To Attract Top Talent In The Country & indirect jobs
potential in India residential space
Financial Gift’s Target Business Segments
services
operations 1. National Financial services operations’ hub Would require about
800 million sq. ft. of
Core Financial 2. Regional/functional headquarters for
Financial services financial services players
office space all over
Services corporate 3. National headquarters for players India
centre
4. Private Banking hub for NRIs/ Regional GIFT aspires to
Select product HNWs capture a modest 6%
markets 5. International microfinance hub
to 8% share of these
Capital 6. International commodity trade hub categories
Markets and
Trading
7. Participation in global capital markets Ancillary and support
services would add
8. Global Hub for IT services for Financial
IT Services services sector similar job
opportunities
ITeS/BPO 9. Global Hub for BPO services for Financial
Services services sector
Source: McKinsey Analysis
Promoters: Public Private Partnership
A PRO-ACTIVE
AN OPPORTUNITY IL&FS
STATE GOVT.
• Booming demand in • Govt. of Gujarat (GoG) • A premiere institution with
Financial & IT Services initiatives a proven track record
• Sky-rocketing cost of • Fastest growing State • Pioneer in launching
business operations in infrastructure projects on
metros a PPP model
• Unplanned International
Finance Centre (IFC)
Government of Gujarat
Through
Gujarat Urban Development Company Limited (GUDC)
&
Infrastructure Leasing & Financial Services Ltd. (IL&FS)
Incorporated Gujarat International Finance Tec-City Company Ltd. (GIFTCL) on 21st June, 2007
Gift : Value Propositions
Gujarat:
Ideal
Destination
Strong
Aesthetics Promoters /
PPP
GIFT
Global Defined
Benchmarking Positioning
Integrated Strategic
Development Location
Partners in
Progress
Integrated Development
Residential Housing Projects:
• Well-planned residential housing projects
• Walk-to-work layouts
Technology:
• Broadband FTTP
• WiFi / Wimax
High Rise Business District: • Shared IT Services
• Benchmark office, high-rise district to • Global Connectivity
be created with landmark buildings
Social Infrastructure:
BEST
PRACTICES IN Basic Infrastructure:
• Educational Institutes to be
• Uninterrupted and highly
established URBAN reliable power supply
• International schools for primary
GOVERNANCE (99.999%)
education
• Next generation water &
• Privatised hospitals with infrastructure
waste management, district
to be established
cooling
Overall Connectivity/
Transport: Retail Cum Entertainment Hubs:
• External Connectivity includes MRTS • High quality entertainment malls to be set up
/ BRTS/ Roads • Over 60% of the space is planned to be green
• Public-Private Modal Split 90:10
• Personalised Rapid Transit (PRT)
System
Globally Benchmarking
Paris (La Tokyo (Shinjuku) London Pudong GIFT
Defense) (Dockyards) (Lujiazui)
Paris Tokyo London Pudong GIFT
(La Defense) (Shinjuku) (Dockyards) (Lujiazui)
Land Area (sq km) 1.6 1.6 1.05 1.7 3.58
Construction Scale (in mn sq m) 2.5 1.6 1.1 4.5 8.5
Greenbelt (in thousand sq m) 40 120 50 363 1183
Height (m) 200 250 250 490 410
Source: ECADI/Fairwood Consultants
In terms of scale and sheer physical scope, GIFT is being designed to be at or above par with
presently acknowledged globally benchmarked International Financial Centers (IFCs)
Strategic Location - India / Gujarat
Centrally located in the state of
Gujarat in Gandhinagar
12km From Ahmedabad
International Airport
On the bank of River Sabarmati
GIFT : A Trigger For Development
• GIFT a much needed trigger for development and not a stand-alone
real estate
• About 3,000 acres earmarked for GIFT Expansion Zone around
GIFT
• Integrated Townships to be developed in surrounding development
zone of 100 SQ KM
• To be regulated by a dedicated Area Development Authority
ensuring singular control for coherent and sustainable
development
Master Plan Area : Gift Will Spur Development
In The Region
Integrated
Townships
GIFT
Expansion
Zone
GIFT
GIDC CONVENTION
Knowledge City CENTRE
RIVER FRONT
DEVELOPMENT
GIFT: Bird Eye View
Project Overview
GIFT : Business Structure
Domestic
Finance Centre/
Corporate Office/
Trade Centre
GIFT
PROJECT
Multi Associated
Service Infrastructure,
SEZ Housing and
Social Facilities
GIFT : SEZ - Area Distribution
Zones Area
52.81 Ha
SEZ – PA
(130.5acres)
52.81 Ha
SEZ – NPA
(130.5 acres)
TOTAL 105.62 Ha
(SEZ) (261 acres)
252.93 Ha
DTA
(625 acres)
GRAND 358.55 Ha
TOTAL (886 acres)
Multi Service SEZ - Processing Area &
Non Processing
PROCESSING AREA NON-PROCESSING AREA
• International Financial Service • Related Commercial and Office Buildings
Centre (IFSC) • Service Apartments & Residential Flats
• International Techno Park & • Hostels and Restaurants and Food Court
International Market Zone • Business Hotel, Shopping Centre, Retail
• Commodity Exchanges Stores and Banks
• Global trading exchanges • Training center for Financial Services
• Insurance • Medical Centre
• Offshore Banking • Entertainment Centre/ Theatre
• IT/ ITeS • Post Office, Telephone Exchange, Police
• KPO/ BPO services Station, Security, etc.
• Data Centre • Regulators Offices
Enclaves And Social Facilities
ENCLAVES SOCIAL FACILITIES
• Schools (International and CBSE)
• Domestic Banking and Insurance
• Clubs
Enclave
• Hotels
• Domestic Technology Enclave
• Convention Centre
• Domestic Exchange Enclave
• Exhibition Centre
• Domestic Corporate Enclave
• Hospital
• Diamond Tower
• Training Centre (Language School)
• World Trade Center
• Low Income Housing
GIFT: Predominant Landuse
Building Use
Commercial : 67%
Residential : 22%
Social : 11%
GIFT: Master Plan
Total Land Area: 886 Acres (358 Ha)
BUA (above ground) : 62 mn.sq.ft.
BUA (below ground) : 14 mn.sq.ft.
Total BUA : 76 mn.sq.ft.
Additional 30 Million to be developed
after removal of height restriction
GIFT: First Phase Master Plan
Regional Connectivity - Master Plan
GANDHINAGAR
AHMEDABAD INTERNATIONAL AIRPORT
Business Enclaves In Gift
GIFT Infrastructure
Integrated infrastructure for better diversity
Technology ensuring energy conservation
All utilities /services to be coordinated through single agency
INFRASTRUCTURE FACILITIES/
SERVICES
o Site Development
o Landscaping
o Maintenance Systems
o Roads and Transportation
o Water Systems
o ICT
o Power Generation and Distribution
o District Cooling System
o Domestic Gas Distribution
o Waste Management Systems
Transport Vision
• High share of public transport
• Conflict free traffic movement
• Transit oriented development
• Combination of external and internal mass movement
systems to achieve the transport hierarchy
• Intelligent Transport System
• Aiming for a zero-accident city
• Multi Level Car parking along Arterial Roads
• Pedestrianised Oriented Internal Movement
External Transportation
Grid of six external gateways
from NH-8 and State Highway /
GoG Gandhinagar
Bus Rapid Transit System GIFT
(BRTS) being extended to GIFT :
Ahmedabad Municipal
Corporation
Metro Rail Transport System
(MRTS) being extended to GIFT:
Ahmedabad
GoG Airport
Transit Node
Internal Transportation
500 mtrs
MRTS corridor
Water Infrastructure
Water with
Raw Water Reservoir sludge
Tank
STP
Waste
Water
WTP
Filtered
Water
Makeup for
RO Plant Water Bodies
Waste Waste
Water Water Softening Horticulture
Plant
Domestic
Uses
Flushing Tower
Waste
Cooling Tower
Water
Storage of surface run-off & rain water
River embankment strengthening to avoid erosion
Approach towards making the project water neutral
District Cooling System
• Efficiency through economies of scale
• Reduces energy costs
• Reduces maintenance costs
• Improves air quality and temperature control
• Reduces noise and vibration
• Conventional AC System not required
Solid Waste Management
• Maximise resource recovery / minimal emissions
• Minimise impact on environment, human intervention, space requirement, impact on health
hazard
• No waste visibility
• Power neutral
Automatic Collection and Transportation System
1 1
2
3
1. The waste is thrown into a disposal chute
2. Computer controlled access
3. Waste sucked through pipes at a speed of 90 km/hr
4. Treatment through plasma gasification
Power Infrastructure
Underground cabling for power distribution within GIFT
Substation and Distribution Automation
Indoor Substation
1. Gas Insulated Switchgears(GIS) substation for sub-transmission and distribution
within Gift
2. Compact substation (CSS) in building
Reliability – 99.999% which means outage of 5.3 minutes/annum
GIFT ICT
GIFT Vision Create a world class financial city by offering an unrivalled business
environment to global and local financial services enterprises.
Create leading-edge infrastructure, services and platforms and offer
GIFT ICT Vision financial services enterprises a significant competitive advantage to
operate regionally and globally
“Best in Class” Gateway to Financial
Customer Experience Markets
Cost-effective ICT
Secure & Resilient
ICT Environment
Pre-enabled on demand Infrastructure
GIFT ICT Vision
GIFT Occupants would have access to following ICT Services
INFRASTRUCTURE PLATFORMS SERVICES
• High Speed Fibre • Financial Extranets • Data
• Network • CUG to Exchanges • Voice
• Diverse Local and • Voice • Wi-Fi
International • Industry Specific • Tier-4 Data Centres
Connectivity Platforms • Business Continuity
• Pervasive • City e-Portal • Security
Wireless and • Sensor Networks • High Speed Internet
Mobile Network • IPTV Internet Gateway Access
• Data Centres • Monitoring
GIFT Intelligent Buildings
Intelligent Buildings
Provide a technologically advanced
financial services gateway to national
and global financial markets
Create an “integrated city” blueprint
Create global customers
Immediate Emergency Response for
Disaster/Crisis Management
Enables creation of GIS platform for
monitoring of services
Wide range of connectivity
24% saving on building management system
4.5% saving on total build cost
36% saving on operational expenditure
Fire Safety Measures
State-of-the-Art Fire detection System
Adequate Provision in the building for quenching of
fire
Provision of adequate logistics and fire fighting
system at city level conducive to high-rise building
Adequate and effective evacuation system
Talent Study – Key Findings
Total Graduates: 0.13 million/year
Overall Employability of Graduates: ~ Approximately 15-20%
Important Skill Gaps
• Communication (English Language)
• Knowledge of Regulatory Environment and Norms
• Attitude
Demand Supply Gap (‘000)
Year Core Financial IT Services Total
Services/ ITES and
Capital Market
2012 0 23 23
2015 62 107 169
2020 188 250 439
Talent Study – Road Map
NODAL AGENCY
To act as integrator for all Talent Development Initiatives
To liaise with Education Department and Universities
To create long-term talent development plans
Finishing Schools
Industry Specific Short Term Courses for fresh graduates as interim solution
Training Schools
Skill Augmentation Courses for specific domains for entry & middle level
management talent
Education City Development
Development of Education City that would offer courses to ensure sustainable
supply of talent
School Education Infrastructure Development
Development of School Education Infrastructure in the state to ensure long
term talent availability
PROJECT IMPLEMENTATION
Project Phasing
PHASE 1: Infrastructure
Pre Construction Site Development
Physical Infrastructure
Arterial Roads (Transport Corridor)
Information Communication Technology (ICT)
Water Supply from Narmada Canal to GIFT
Samruddhi Sarovar (Water Storage Area)
Power Receiving Station and Distribution
Water Treatment Plant
Sewerage Treatment Plant
Solid Waste System
Arboriculture and Landscaping
Implementation Framework
PUBLIC PRIVATE PARTNERSHIP
Significant private sector participation into specific viable components
INFRASTRUCTURE
To be contracted out by GIFTCL inducting the latest in construction technology
The project is being implemented through a series of entities / agencies to provide a seamless framework.
UTILITIES
GIFTCL has set up following SPV’s to domicile the various utility components.:
GIFT District Cooling Systems Limited
GIFT Water Infrastructure Limited
GIFT Waste Management Services Limited
GIFT Power Company Limited
GIFT ICT Services Limited
Each SPV would be self-sufficient on a stand-alone basis. As a strategy, the Company would consider
taking a stake in some of the SPV’s.
REAL ESTATE
Unique opportunity for developers to redefine their destination
Uniformity of design and aesthetics to be maintained
Project Status…1
Sl. No. STUDY STATUS
1. Real Estate Market Assessment COMPLETED
2. Surveys & Investigations COMPLETED
Topographical Surveys for 3000 Acres surrounding
3. COMPLETED
GIFT Project
4. Environment Impact Assessment COMPLETED
5. External Road Connectivity to GIFT for R&B COMPLETED
6. River Hydro Modeling Study COMPLETED
Aeronautical Study by International Civil Aviation
7. COMPLETED
Organization (ICAO) for high-rise clearance
Project Status…2
Sl. No. STUDY STATUS
8. Demand Assessment Study for Convention Center COMPLETED
9. Satellite Imagery based around GIFT COMPLETED
10. Information & Communication Technology (ICT) COMPLETED
11. Seismic Study for GIFT Project COMPLETED
12. Fencing of Project Area COMPLETED
13. Peripheral Earthen Road/Bund COMPLETED
14. Site Leveling & Dressing COMPLETED
Approvals & Clearances
Sl. No. ACTIVITY DATE
Advance possession of 662 acres of Govt. land out of
1. 2007-2008
886 acres earmarked for GIFT
Received “Formal Approval” for Multi Service SEZ from
2. Jan 07, 2008
MoCI-GOI
Approval for supply of 20 MGD water from Narmada
3. July 17, 2008
Canal
4. GIDB accorded In-principle approval to extending MRTS June 17, 2009
5. Environmental Clearance Nov 03, 2009
6. Height Clearance by AAI upto 122 mt May 21, 2010
7. Multi Services SEZ - Notified, focusing on Financial Services August 18, 2011
Project Milestones
S.No. Description Month & Year
1 Launch of Phase – 1 (10 mn. Sq.ft ) Jan,2011
2 MoUs worth 11,700 crores signed during Vibrant Gujarat 2011 Jan, 2011
3 MOA with IL&FS for Development of 7.77 mn. Sq.ft in Phase -1 Mar, 2011
( Commercial/ Residential & Social Facilites)
4 Master Plan Completed
5 Pre-Construction Activities: Site Leveling & Dressing , Access to Completed
Site, Site Office (Temp)
6 Pre –Construction activities of two High rise commercial Commenced
buildings by IL&FS
7 Water Supply, Access Road, Construction Power , Construction Ongoing
Water, Project Office, Sub- Arterial Roads
8 Selection of Developers: School & Hospital Ongoing
9 Selection of Proof-Check Consultant for Structural Design for Completed
High-rise Building
10 Multi Services SEZ, focusing on Financial Services Notified
Aug ,2011
Pre-Construction Activities
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Gujarat International Finance Tec – City A Global Financial Hub gift city
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