India’s first operational smart city, GIFT City aims at using information and technology to improve the standard of living and increase operational efficiency. Spread across 886 acres of land, this well-planned city is an emerging global financial and IT hub. GIFT is planned as a financial Central Business District (CBD) between Ahmedabad and Gandhinagar as a greenfield development.
GIFT City comes with a perfect planning where the approach is to promote and establish new standards of development in India, while keeping sustainability at the core. The fundamental principle of life and liveability lay the foundation of the city. GIFT City aims at maintaining the following:
Good education
Low energy consumption
Waste reduction
Environment friendliness
GIFT City is changing the economic face of Gujarat. Not only that, with a well-executed city like this, India would be featured on the global map as a centre of excellence for finances, IT and ITeS domains. The target business segments are banking, insurance, capital markets, offshore asset management, IT services, ITeS and BPO services. Majors like HSBC, Barclays, Standard Chartered in the banking sector, Oracle in IT sector and Singapore Exchange have already set a string foot.
GIFT Urban Development Authority has been constituted for well-planned urban development of the area. According to Nasscom insights, there are more than 200 companies operational already and over 10,000 people are working there. There are also various fiscal benefits for institutions operational in the city.
GIFT City is India’s first Greenfield Smart City to achieve the IGBC Green Cities Platinum rating. GIFT City is an ideal destination for the global and Indian companies looking at their environmental and sustainability goals.
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