GUJARAT INTERNATIONAL FINANCE TEC-CITY (GIFT) PROJECT

GIFT City Project is promoted by Government of Gujarat (GoG) through its undertaking Gujarat Urban Development Company Limited(GUDC) for developing a Global Financial Hub at Ahmedabad-Gandhinagar region. GUDC is the sole Owner of the GIFT CL.

GIFT CL is Government of Gujarat Owned Company.

The GIFT City advantage

World Class Infrastructure: GIFT City have world –class infrastructure implemented for the first time in the country which will help the companies to operate efficiently.
Single Window Clearance: GIFT Urban Development Authority (GIFT UDA) has been constituted for well-planned urban development of the area. Also, GIFT Notified Committee has been constituted for the better management at the city level.
Business cost efficiency: GIFT City Offers-20% reduction in the operating costs viz-a-viz other Tier I locations.
Quality of Life: The corporates at GIFT City have witnessed Low attrition which helps to reduce cost in recruitment, retention, training etc.
Employment: Currently more than 200 companies are operational in GIFT City, including leading financial services companies, IT/ITeS Institutions and corporate entities and -10000 people (both direct & indirect) are working in GIFT City.
Fiscal Incentives: Central & State Government has announced various tax and fiscal incentives for institutions operating in GIFT City.

World Class ICT Infrastructure at GIFT City:

Telecom services of all major telecom operators available in the city, which are hosted in first of its kind Meet Me Room (MMR) facility, a tier III level facility with higher uptime.
Availability of TIA-942 certified datacentre with 900 racks in the city with facilities like laaS, PaaS and cloud services. The readily available datacentre ensures faster Go-to-Market and signicently reduces initial capax.
Ready availability of LOLA (Low Latency Network) in the city.
Direct pairing with various financial gateways like TNS (Transaction Network Services) in the city, allowing local and global connectivity.
City also host first of its kind loT based City Command and control Center(C-4), which allows monitoring and management of city infrastructure from a single place.

Key Development at GIFT City

Approximately-11.24 mn. sq. ft. has been currently allotted to various Developers and institutions of which around 3mn. sq. ft. of BUA across various categories (Commercial, residential and social) is operational and another 2mn aq. ft. is already under construction.
Currently, State Bank of India (SBI) is developing their Local Head Office as well as a Residential Building for their employees. Life Insurance Corporation of India is also developing their regional headquarter in GIFT City.
Five star hotel under the brand name of The Grand Mercure, developed by Bridge Group is operational.

A Tier IV Data Centre having 900 racks capacity is catering to various occupants in GIFT City.
Viridian Red Group is developing World Trade Centre Project in GIFT City and have operationalized 2 out of 4 towers in GIFT City.
Office buildings developed by reputed developers like Hiranandani Group, Bridge Group and ATS Savvy are also operational in SEZ Area of GIFT City.
The development of office buildings by prestige Group and BSE Brokers’ Forum is in full swing.
Jamnabhai Narsee School is already operational in GIFT City since 5 years having -1500 students as on date.
Affordable Housing Project with 330 dwelling units along with a market place has been developed by janaadhar Group.
GIFT City Club with all the modern amenities is already operational in GIFT City.
Aggregate alloment of-1.6mn. sq. ft. BUA has been made to reputed developers like Sobha Ltd. and Sangath Group for the development of residential towers in GIFT City.
Allotment of 0.6mn. sq. ft. BUA has been made to Gujarat industrial Development Corporation (GIDC) for development of IT Park/GIDC Technology Hub at GIFT City.
GIFT IFSC has 13 operational banking units and the banking transactions have crossed US $28bn till date. There are 19 insurance entities operating from GIFT IFSC which include 4 insurance companies and 15 insurance intermediaries. The Sum insured business till date has US $ 30bn till date. The average daily turnover of India INX (BSE International exchange) varies around $3-4Billion. The trading volumes of NSE IFSC (NSE International exchange) has also increased substantially over tha last few months. There are41 Intermediaries Iicensed by SEBI operating in GIFT IFSC.
GIFT City is also proud to have presence of many leading public sector banks, insurance companies and reputed services sector companies like GERC, GNFC, MCX, TCS, Oracle, Infibeam, Maxim Integrated to name a few in the DTA Area.