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GIFT City vs. Other Smart Cities in India: A Comparative Overview

  • Writer: Lalit Rakholiya
    Lalit Rakholiya
  • Mar 30, 2024
  • 2 min read

India’s smart cities are diverse and dynamic, each with its unique features. Let’s explore how GIFT City stands out in comparison to other smart cities across the country:


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1. Focused on Financial Services

  • GIFT City:

  • Exclusive Focus: GIFT City is India’s premier international financial services hub.

  • Inspired by Global Centers: It upholds global benchmarks inspired by financial centers like London and Singapore.

  • Other Smart Cities:

  • Diverse Sectors: Other smart cities cater to various sectors beyond finance, such as infrastructure, technology, and urban planning.

2. Infrastructure and Sustainability

  • GIFT City:

  • World-Class Infrastructure: Iconic towers like GIFT One and GIFT Two define the skyline.

  • Sustainability Initiatives: The district cooling system and green practices set it apart.

  • Other Smart Cities:

  • Varied Infrastructure: Other smart cities focus on a mix of physical, digital, and social infrastructure.

  • Sustainability Varies: Some prioritize sustainability, while others face challenges in implementation.

3. Ease of Doing Business

  • GIFT City:

  • Urban Development Authority: It offers single-window clearances for ease of doing business.

  • Lower Operating Expenses: Operating costs are approximately 20% lower than metropolitan cities.

  • Other Smart Cities:

  • Mixed Experiences: Ease of doing business varies across different smart cities.

  • Regulatory Environment: Some cities struggle with bureaucratic hurdles.

4. Employment Opportunities

  • GIFT City:

  • Job Creation: While it currently supports 9,000 jobs, the goal is over 1 million jobs within a decade.

  • Talent Attraction: Efforts continue to attract skilled workers.

  • Other Smart Cities:

  • Varied Employment Scenarios: Job creation varies based on the city’s focus areas.

  • Balancing Growth and Employment: Striking the right balance remains a challenge.

Conclusion

GIFT City’s exclusive focus on financial services, robust infrastructure, and commitment to sustainability make it a standout among India’s smart cities. While challenges persist, GIFT City’s potential remains immense.

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