Mr. Modi, our current Prime Minister of India had proposed this concept in 2007 when he was Chief Minister of Gujarat where he proposed GIFT City as an IFSC. GIFT city is designed as a hub for the global financial services sector. More particularly, state-of-the-art connectivity, infrastructure and transportation access have been integrated into the design of the city. This concept was materialised only in 2015. Since then, Government is taking initiatives to develop GIFT city and provide various incentives to businesses in GIFT city to grow.
GIFT city has been developed to include Ultra-Modern Office spaces, Residential Apartments, Schools, Proposed Hospital, Five-star Hotels, Business Club, various recreational amenities, making this City a truly “Walk to Work” City. In addition, GIFT City houses more than 12 buildings covering commercial, residential and social. Two of them are amongst the tallest buildings in the state of Gujarat.
Following are some of the unique infrastructures operational at GIFT City:
- Data Centre: A state-of-the-art certified TIER IV Green Data Centre by Tata Communications with a capacity of 900 racks is up and running;
- Automated Waste Collection System (AWCS): AWCS and Segregation Plant is one of the unique next class infrastructures planned in GIFT City. It will maximise resource recovery and minimise emissions, minimise impact on environment, human intervention, space requirement, impact on health hazard GIFT City has no waste visibility that will make the city clean, green and healthy;
- Water: GIFT City is a zero-discharge city; water is drinkable from any tap;
- Power: GIFT City ensures 99.999% power reliability;
- ICT: GIFT City is connected with a fault-tolerant optical fibre ring infrastructure. The connectivity in GIFT City is provided by four major telecommunication service providers. GIFT uses advancements in technology in the form of unique Internet of Things (IoT) based C-4 (City & Command Control Centre) to monitor and manage city Infrastructure;
- District Cooling System: District Cooling System has been introduced for the first time in India for commercial use. The chilled water will be supplied till building level, and it will reduce energy and maintenance cost, reduce noise and vibrations, and improve quality;
- Under-ground Utility Tunnel: All utility services except gas and sewage from plants to various buildings will be routed through the utility tunnel only. GIFT has planned to develop a Utility Tunnel throughout the city including Domestic Tariff Area (DTA) & SEZ areas;
- Transactions in the GIFT City can be carried out in the two Zones, viz. (i) Domestic Tariff Area, where all the domestic transactions are undertaken; and (ii) Multiservice Special Economic Zone (SEZ) with International Financial Services Centre.
Further, it is to be noted that GIFT City is home to various services industry including Banks, Insurance companies, Capital markets stockbroker’s community, IT & ITeS companies, BPO, KPO as a cost effective go to destination for uninterrupted operations. Some of the notable companies operating in the GIFT City Domestic area are TCS, Oracle, Bank of Baroda, Maxim Integrated, Bank of India, Syndicate Bank, nCode Solution, Infibeam, etc.
Further, there are many social infrastructures are proposed in GIFT City such as an International school, Medical facilities, Proposed hospital, International exhibition complex, GIFT City Business club with Indoor and outdoor sports facility, recreation area, multi cuisine restaurants. It also includes accommodation facility at 5-Star hotels and integrated wellplanned residential housing projects. GIFT City Business Club provides a great facility for various indoor and outdoor sports activities; 24*7 Restaurant; state of the art Gymnasium; and also, facilities for organising conferences, meetings, and workshops. In the vicinity of GIFT City one can find Clubs, plethora of Hotels, Fine dining Restaurants, Theatres, Mega Malls, supermarkets, Places of worships, Historic Temples, Parks etc.
It is new vision to the face of India. Government is making sure all the efforts are put in to assist in fast paced growth of India. It would be interesting to see new face of such tech driven India.
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