GIFT City Plan: The Future of India's Financial and Business Landscape

Table of contents

• Introduction

• Location and Connectivity

• GIFT City - A Green Smart City

• Infrastructure in GIFT City

• Business in GIFT City

• Global Recognition

• Future Plans

• Conclusion

Introduction

GIFT City in Gujarat is India's first operational greenfield smart city and international financial services center. It boasts a 10th ranking in Finance Industry and the top rank for emerging financial centers in Global Financial Centers Index. The City is home to multinational banks such as HSBC, JP Morgan, and Barclays and is designed to ensure that residents can walk to work, including commercial, financial, and residential complexes. The City is connected through 4-6 lane highways and a future metro station. GIFT City is set to be a world-class financial hub for businesses and investors worldwide.

Location and Connectivity

Location and Connectivity Located on the banks of Sabarmati River, GIFT City in Gujarat is emerging as India's first operational greenfield smart city and international financial services centre. The city is well-connected through 4-6 lane state and national highways, making it easily accessible to visitors and residents. Moreover, GIFT City is just around 12 km away from the Sardar Vallabhbhai Patel International Airport, providing excellent air connectivity to the rest of India and the world.

The city is also planned to be connected through a metro station, which is expected to be completed by March 2024 and will link GIFT City to the Ahmedabad Metro network. One of the unique features of GIFT City is the walk-to-work concept, which encourages residents to walk to their workplaces, reducing dependence on vehicles and promoting a healthy lifestyle. With commercial, financial, and residential complexes all located within walking distance, GIFT City aims to make life comfortable, convenient, and eco-friendly for its residents and visitors.

GIFT City - A Green Smart City

GIFT City - A Green Smart City GIFT City is a futuristic city built on the foundation of sustainability. It is a greenfield project and has been promoted as a smart city by the Government of Gujarat. The city’s design is such that residents can walk to work, reducing carbon footprint and traffic congestion. Sustainability measures implemented in GIFT City include waste management systems, use of renewable energy sources, and rainwater harvesting.

GIFT City also provides social facilities such as schools, clubs, and parks, enhancing the quality of life for its residents. GIFT City sets an international benchmark for finance and technology hubs worldwide. It is a world-class business district and a flagbearer for smart cities in India catering to global and domestic business enterprises. GIFT City presents an unprecedented ecosystem for crucial economic activities with globally benchmarked regulations, taxation, policies, and more, supported by the government of India and Gujarat.

Infrastructure in GIFT City

When it comes to infrastructure, GIFT City offers a top-of-the-line experience with high-speed data connectivity, 24/7 power supply, and an efficient transportation system. The city is equipped with a modern firefighting system, ample parking space, and waste management facilities. Security is also a top priority, with advanced surveillance systems and 24/7 security personnel ensuring that residents feel safe and secure at all times. GIFT City is implemented on the walk-to-work concept, providing social facilities such as schools, clubs, parks, and other amenities that enhance the quality of life for residents.

The uninterrupted infrastructure and 24/7 top-of-the-line security surveillance measures make GIFT City safe and secure for families staying here, making it an ideal location for those who wish to live and work in a smart city that is focused on sustainable urban living. Overall, the infrastructure in GIFT City is designed to meet the highest standards in the industry. The city's state-of-the-art facilities, top-notch security measures, and social amenities make it an attractive location for businesses and individuals looking for an all-around quality experience.

Business in GIFT City

Welcome to the business hub of the future – GIFT City! This city embodies the vision to create a world-class financial centre for global and domestic businesses and is not just a flagbearer for smart cities in India but also sets an international benchmark for finance and technology hubs worldwide. The business district in GIFT City is a multi-services special economic zone (SEZ) and is conducive for setting up a variety of business enterprises. The tax incentives for IFSC (International Financial Services Centre) units make it an attractive destination for businesses.

And with globally benchmarked regulations, taxation, policies, and more supported by the Government of India and Gujarat, GIFT City presents an unprecedented ecosystem for crucial economic activities. Areas of business in GIFT City include banking, capital markets, fund management, insurance, aircraft leasing, ship leasing, global in-house centers, fintech, foreign universities, and ancillary services. The district is designed to provide hurdle-free business opportunities for all types of businesses. In conclusion, GIFT City offers a one-of-a-kind business environment for Indian and global financial and IT businesses, and the tax incentives for IFSC units make it an attractive destination for start-ups and established businesses alike.

Global Recognition

Global Recognition: GIFT City has gained global recognition for its outstanding contribution to the financial and business landscape. It has secured a top-ten position in the Finance Industry and emerged as the top-ranking city in the Global Financial Centres Index for emerging financial centres in 2020. Several multinational banks and fintech entities have set up offices in GIFT City, creating a thriving business ecosystem. With its progressive policies and robust regulatory framework, GIFT City is well-positioned to become a global hub for finance and technology.

Future Plans

Future Plans: GIFT City is already a thriving hub of businesses, but the authorities are not stopping there. As the next step, a metro station is underway that will connect GIFT City to the Ahmedabad Metro network. This is expected to be completed by March 2024. The expansion plans for GIFT City include developing more commercial, residential, and financial complexes in the coming years. With the addition of more businesses and services, the city is expected to become even more prosperous, making it an ideal location for companies looking to expand their operations in India.

Conclusion

GIFT City is vital for India's financial and business landscape as it is the first operational greenfield smart city and international financial services centre in the country. With the presence of multinational banks, fintech entities, and an international bullion exchange, GIFT City has earned recognition globally. The future looks bright for GIFT City with expansion plans and a metro station for connectivity with the Ahmedabad Metro network, making it a hub for global finance and IT.