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Conceptualization

Recognizing the potential of the State as a Centre for the Financial services industry, the Government of Gujarat formulated a mega project to realize this vision. Thus, land between the commercial capital of the State, Ahmedabad, and the Administrative Capital of the State, Gandhinagar, was identified for the development of a Central Business District (CBD).

The City is planned on 886 acres of land with 62 mn sq. ft. of Built Up Area which includes Office spaces, Residential apartments, Schools, Hospitals, Hotels, Clubs, Retail and various Recreational facilities and has been named as the Gujarat International Finance Tec-City (GIFT).

 

GIFT’s City Positioning

GIFT City is an emerging global financial and IT services hub, a first of its kind in India, designed to be at or above par with globally benchmarked business districts. It is supported by state-of-the-art infrastructure encompassing all basic urban infrastructure elements along with an excellent external connectivity. Companies from Financial Services, Technology and all other services sector will be targeted as potential occupants within the city.

GIFT City is changing the economic face of Gujarat and would keep India on the global map as Centre of excellence in the Financial & IT/ITeS Services domain.

To create large employment in the field of services industry in Gujarat is also one among the main reasons for setting up GIFT City.

Target Business Segments

BusinessNature of Opportunity
Offshore Banking Corporate Banking, Servicing JV/WOS of Indian companies registered abroad, Factoring / Forfeiting of export receivables
Capital Markets Exchanges, Brokerage services, Permissible Securities
Offshore Asset Management Fund Accounting, Investment services, Custodian services, Trust services etc.
Offshore Insurance General / Life Insurance, Co-Insurance, Reinsurance, Captive Insurance etc.
Ancillary Services Legal, Accounting & Audit, Research & Analytics etc., Compliance, Recruitment, Risk Management
IT Services Software development, Artificial Intelligence, Robotics, Internet of Things, Business intelligence, Mobile Platforms, Communications technology, Consulting, Data Analytics, Data/information management, R&D, Web Development, Games
ITeS/ BPO Services Back-office Operations, Call Centres, Content Development or Animation, Data Processing Engineering and Design Geographic Information System Services, Human Resource Services, Insurance Claim Processing, Legal Databases, Medical Transcription, Accounting Support Centres, Website Services