@jiteshtrapasiya
GIFT is an under-construction city in the Indian state of Gujarat. It will
be built on 986 acres (3.99 km2) of land. Its main purpose is
to provide high quality physical infrastructure (electricity, water, gas, district
cooling, roads, telecoms and broadband), so that finance and tech firms
can relocate their operations there from Mumbai, Bangalore, Gurgaon etc.
where infrastructure is either inadequate or very expensive. It will have a special economic zone (SEZ),
international education zone, integrated townships, an entertainment zone,
hotels, a convention center, an international techno park, Software Technology Parks of
India (STPI)
units, shopping malls, stock exchanges and service units.
To develop and implement the
Project, Government of Gujarat (GOG) through its undertaking Gujarat Urban
Development Company Limited (GUDCOL) and Infrastructure Leasing
& Financial Services (IL&FS) have
established a Joint Venture Company, "Gujarat International Finance
Tec-City Company Limited" (GIFTCL).
GIFTCL proposes to implement GIFT
as a globally benchmarked International Finance City with an eventual built on
area of 85,000,000 sq ft (7,900,000 m2). The company plans
to develop, finance, implement all infrastructure in and around GIFT on a
turnkey basis to ensure that all conceivable services in relation to
connectivity, communication, technology, security, services for quality of life
etc. are established and sustained.
Currently, two commercial towers,
each of 29 floors each are under construction. They will be completed in
December 2012 and January 2013, respectively, while the work on a third
residential tower of 33 floors will start soon.
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