What is the concept of GIFT City?
GIFT is planned as a financial Central Business District (CBD) between Ahmedabad and Gandhinagar as a greenfield development. GIFT shall be a part of the future urban complex of Ahmedabad & Gandhinagar. GIFT is designed as a hub for the global financial services sector.
Why Gandhinagar is called GIFT City?
The idea for GIFT was conceived during the Vibrant Gujarat Global Investor Summit 2007 and the initial planning was done by East China Architectural Design & Research Institute (ECADI), which planned much of modern-day Shanghai….Gujarat International Finance Tec-City.
| GIFT City | |
|---|---|
| State | Gujarat |
| District | Gandhinagar |
| Metro | Gandhinagar |
| Government |
WHAT IS GIFT City in Gujarat?
GIFT City is a planned business district in Gujarat, India. It is the new business destination offering competitive edge to Financial services and Technology related activities. An integrated development with Walk to Work concept adds immense value to the business activities.
How many companies are in GIFT City Gandhinagar?
The number of entities at GIFT City rose to 265 this year from 140 in 2019 with banking transactions exceeding $125 billion in value by August. There has been a 62% rise in the number of entities setting up operations in GIFT City in the past year.
Why is GIFT City a smart city?
The infrastructure developed in GIFT City, such as District Cooling System (DCS), Automated Waste Collection System (AWCS), and Underground Utility Tunnel, contributes to making the city the world’s leading Smart City.
Who is the owner of GIFT City?
Gujarat International Finance Tec City Co. Ltd.
| Board of Directors | Gujarat International Finance Tec City Co. Ltd. |
|---|---|
| Mr. Mukesh Puri, IAS | Nominee of Government of Gujarat |
| Mr. Rajkumar Beniwal, IAS | Nominee of Government of Gujarat |
| Mr. Tapan Ray, IAS (Retd.) | Managing Director & Group CEO |
| Dr. Sudhir Jain | Independent Director |
Is GIFT City a success?
A Special Economic Zone which covers 261 acre within GIFT City (886 acres) exported services worth Rs 4,000 crore in 2019-20. This year, this export stands at almost Rs 3,000 crore. An international bullion exchange is also being set up and the first trade is expected to take off in June-July 2021.
Is GIFT City a good investment?
Gujarat Chief Secretary Pankaj Kumar said GIFT City was poised to emerge as the one of the most preferred financial hubs in the world in the coming decade. “Investments worth Rs 11,000 crore from 140 companies have been committed to GIFT City.
Is GIFT City a failure?
Modi’s world class GIFT City project failed, private people allowed to houses. Three companies have decided to build houses on 12.26 lakh square feet of land in Gujarat International Finance Tec City (GIFT).
Which companies are in GIFT City?
Corporate Companies Gift City , Gandhinagar Gujarat
- C. TATA Consultancy Services Ltd. 4.5.
- Argusoft India LTD. 4.5. 138 Ratings.
- Fta Hsrp Solutions Pvt Ltd. 3.2. 119 Ratings.
- Pramukh Corporate. 4.2.
- Moba Mobile Automation India Pvt Ltd. 4.7.
- Bajaj Allianz General Insurance Co Ltd. 4.1.
- Lemino Agro INDIA Pvt Ltd. 3.8.
- G.E.b. 3.3.
Can you buy property in GIFT City?
1 BHK Apartment in Gift City ₹ 6,147/sq. ft. Sobha Dream Heights is a residential project, offering a range of 1 BHK flats in Gift City, Gandhinagar.
Can we buy land in GIFT City?
AHMEDABAD: Paving the way for any individual to own and occupy a residential property, the Gujarat government has issued a resolution allowing those not working at GIFT City (Gujarat International Finance Tec-City) to reside within it.
How far is GIFT City from Gandhinagar?
*ref disclaimer GIFT City is 15 KM from the Ahmedabad I nternati onal Air port and 8 KM from Gandhinagar. The site abuts a four l ane Nati onal Highway ( NH8) which connects Ahmedabad and Gandhinagar on its eastern side and the Sabarmati River demarcates the western boundary.
What is GIFT City?
This City is a Vertical City which will optimize land area consumption for development. The City is located on the bank of river Sabarmati connecting the Business capital (Ahmedabad) and Political capital (Gandhinagar) of Gujarat State- The Growth Engine of India. GIFT City is a new Financial & Technology Gateway of India for the World.
What are the features of Gandhinagar?
•It is a planned city situated on the Ahmedabad- Vadodara highway, Gandhinagar is the commercial heart of Gujarat and western India. •Gandhinagar is being developed as infocity.
What is the history of Gandhinagar?
•It was organized in 1964. •Gandhinagar is located in central Gujarat, vadodra and Ahemdabad are located in the north. •It is a planned city situated on the Ahmedabad- Vadodara highway, Gandhinagar is the commercial heart of Gujarat and western India.