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FINANCIAL &
TECHNOLOGICAL METROPOLIS

Witness the fruition of a vision to create an epicentre for Indian and global financial and IT businesses. It is a pre-eminent,futuristic city built on the foundation of sustainability. GIFT City presents an unprecedented ecosystem for crucial economic activities with globally benchmarked regulations, taxation, policies and more, supported by Govt. of India and Gujarat

THE GIFT VISION

With a vision of becoming a leading global financial & technology hub, the evolution of GIFT City is an opportunity to drive reforms towards providing a thriving financial ecosystem critical to support and expand businesses. GIFT City is inclined to provide the conducive business eco-system at par or above with leading global financials hubs.

Business District
GIFT Domestic Zone

GIFT City is a top choice for businesses, offering advanced infrastructure, skilled workforce, and a favorable work environment.It's an ideal hub for domestic and international companies in banking, finance, insurance, IT, research, and various other sectors.

CUTTING-EDGE INFRASTRUCTURE

Quality infrastructure is a prerequisite for a business environment and the quality of life to flourish. Cutting-edge technology combined with global practices in infrastructure service delivery makes GIFT City a smart city with international standards. Here you will witness various infrastructure masterpieces implemented for the first time in the country.

INDIA’S FIRST DISTRICT COOLING SYSTEM

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CITY COMMAND & CONTROL CENTER (C4)

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SMART WATER INFRASTRUCTURE

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POWER INFRASTRUCTURE

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INDIA’S FIRST AUTOMATED WASTE MANAGEMENT

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UTILITY TUNNEL

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INDIA’S FIRST DISTRICT COOLING SYSTEM

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THE GIFT
VISION

With a vision of becoming a leading global financial & technology hub, the evolution of GIFT City is an opportunity to drive reforms towards providing a thriving financial ecosystem critical to support and expand businesses. GIFT City is inclined to provide the conducive business eco-system at par or above with leading global financials hubs.

GIFT City is a project of national importance and has become an integral part of the India’s growth story as the country marches towards realizing the dream of becoming a developed nation.

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VALUES THAT
DEFINE GIFT CITY


An uncompromising adherence to sustainability and a commitment to revolutionise and redefine the global financial ecosystem laid the foundation of GIFT City.

Inclusivity and a nurturing ecosystem for excellence are the pillars of GIFT City. It is the fruition of a vision to establish a global financial and technology hub.

SUSTAINABILITY
EXCELLENCE
INCLUSIVITY
TRANSPARENCY

FUTURE OF
TRI-CITY


GIFT CITY is the central pillar of the tri-city approach, located on the banks of the Sabarmati river between Ahmedabad and Gandhinagar, each 30 minutes away from one other. Ahmedabad boasts glorious history, Gandhinagar is the central hub of policy and decisions, and GIFT City is the main centre of the economy. Each city provides a distinct supportive ecosystem. You are only thirty minutes away from the past, present, and future.

20 MINS FROM AHMEDABAD INTERNATIONAL AIRPORT.
ALONG NATIONAL HIGHWAY 48
METRO CONNECTIVITY TO AHMEDABAD
15 MINS FROM BULLET TRAIN TERMINUS

Value
Proposition


EASE OF DOING BUSINESS

STRATEGIC LOCATION

STATE OF THE ART INFRASTRUCTURE

GLOBAL BENCHMARKING

INTEGRATED DEVELOPMENT

STRONG PROMOTERS

CENTRAL BUSINESS HUB

INTERNATIONAL FINANCE SERVICES CENTRE

GIFT SEZ LTD.

 
Special Economic Zones (SEZs) aim to attract Foreign Direct Investment (FDI) and improve the economy by exporting products and services and finding market globally. They are specifically defined areas where units may be set up for specified purposes of manufacturing or trading or rendering services or providing warehousing facility for export. SEZs are treated as a foreign territory for the purposes of trade operations, duties and tariffs, i.e., goods and services going into SEZ are treated as exports and goods and services coming from the SEZ as imports. SEZs provide easy access to global trading hubs that facilitates the flow of capital, movement of goods and economies of scale, all of which are critical for success of an SEZ. They offer well-developed areas of infrastructure with built up space, power, water supply, transport, housing etc. including physical and social infrastructure facilities. They are expected to benefit the economy in multiple ways like
  • Generation of additional economic activity.1
  • Promotion of export of goods and services.2
  • Promotion of investment, both foreign and domestic.
  • Creation of employment.
  • Development of infrastructure.
To attract FDI and overcome the shortcomings experienced in terms of governance, infrastructure, etc., in the Year 2000, Ministry of Commerce and Industries announced the SEZ policy. After this, in Year 2005, the Government passed the SEZ Act, 2005 supported by SEZ Rules, 2006. It envisages key role for the State Governments in Export Promotion and creation of related infrastructure and a simplified approval mechanism through constitution of Board of approval. GIFT is conceptualized as a global Financial and IT Services hub, a first of its kind in India, designed to be at or above par with globally benchmarked financial centres such as Shinjuku, Tokyo, Lujiazui, Shanghai, La Defense, Paris, London Dockyards etc. GIFT Master Plan facilitates Multi Services SEZ with IFSC (International Financial Services Centre) status, Domestic Finance Centre and associated Social infrastructure. “GIFT SEZ Limited” has been formed by GIFTCL for development of Multi Services SEZ at Gandhinagar with the prime focus on development of IFSC and allied activities in SEZ. It is pertinent to note that the primary focus of the Multi Services SEZ will be on financial services.
The core objectives of developing IFSC in GIFT Multi Services SEZ are as under-
  • To realize the vision of the Government of India to emerge as a major economic power by facilitating development of strong base of International Financial Services in the country.
  • Facilitate the implementation of the Government’s strategy for the development of a financial hub in the South Asian sub-continent.
  • Position the IFSC as a world-class zone for the long-term provision of office/service accommodation and high technological, economical and commercial infrastructure.
GIFT SEZ is being an integral part of GIFT Area, the design concept of GIFT Area incorporates the integration of GIFT SEZ Area with rest of the domestic area within GIFT. GIFT SEZ is divided into well defined Processing & No

Multi Service SEZ - Processing Area & Non-Processing Area

PROCESSING AREA NON-PROCESSING AREA
International Financial Service Centre (IFSC) Related Commercial and Office Buildings
International Techno Park & International Market Zone Service Apartments & Residential Flats
Commodity Exchanges Hostels and Restaurants and Food Court
Global trading exchanges Business Hotel, Shopping Centre, Retail Stores and Banks
Insurance Training center for Financial Services
Offshore Banking Medical Centre
IT/ ITeS Entertainment Centre/ Theatre
KPO/ BPO services Post Office, Telephone Exchange, Police Station, Security,
etc.
Data Centre Regulators Offices

BUILT-UP AREA

GIFT SEZ has been planned based on high density development considering the land as a scarce resource. The Global Floor Space Index (F.S.I.) of 3.65 for the entire GIFT Area to achieve the envisaged density as part of the overall approval and development of GIFT Area.

GIFT SEZ Limited, a company incorporated under the laws of India and having its registered office at Zonal Facility Centre, Block-12, Road – 1-D, Zone – 1, Gandhinagar – 382355, Gujarat, India (hereinafter referred to as “GIFT IFSC”) is a wholly owned subsidiary of GIFTCL and is responsible for development of Special Economic Zone with International Financial Services Centre (IFSC).

GIFT SEZ is India’s first International Financial Services Centre (IFSC) under Special Economic Zone Act, 2005 (“SEZ Act 2005”). It is being developed as a global financial and information technology services hub.

GIFT IFSC

International Financial Services Centre (IFSC):

GIFT IFSC aspires to become India’s gateway for inbound and outbound requirements of the international financial services. It aims to attract the top talent in the country by providing the finest quality of life.

Government of India operationalized International Financial Services Centre (IFSC) at GIFT Multi Services SEZ in April 2015. The Union Budget 2016 provided competitive tax regime for the International Financial Services Centre at GIFT SEZ. It is the vision of the Hon’ble Prime Minister that GIFT SEZ International Financial Services Centre emerges as a hub for international financial services activities.

Ministry of Finance, Government of India provided new initiative for undertaking international financial services business in India. The regulators namely Reserve Bank of India (RBI), Securities & Exchange Board of India (SEBI), Insurance Regulatory & Development Authority of India (IRDAI) issued regulations allowing Indian and foreign institutions to open their office in the IFSC.

Key Announcements:

  1. IFSC Regulations announced in April 2015
  2. Competitive Tax Regime introduced in June 2016
  3. Company Law exemptions provided in January 2017
  4. International Dispute Resolution Mechanism through Singapore International Arbitration Centre office at GIFT in August 2017
  5. Announcement of Setting up of Unified Authority for IFSC in February 2018
  6. Establishment of Unified regulator in IFSC thru IFSC Authority Act 2019
  7. Setting up of International bullion Exchange in IFSC announced in Budget 2020
  8. Bullion as Financial Services product announcement on August 31 2020

PEOPLE AND
ORGANISATIONS


The Board of Directors consists highly experienced bureaucrats, industry experts from infrastructure, financial and technological domain. The board assures the implementation of the vision within timelines by safeguarding the highest level of governance along with best global practices.

GIFT City offers a revolutionary launchpad for legacy and modern businesses rooted in cutting-edge technology. The perpetually growing trust of renowned organisations and institutions is inspiring proof of a new financial and technological era.

STAKEHOLDERS

Gujarat Urban Development Company Limited (GUDCL)

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GUJARAT INDUSTRIAL DEVELOPMENT CORPORATION (GIDC)

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GUJARAT MARITIME BOARD (GMB)

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Board of Directors

Gujarat International Finance Tec City Co. Ltd.

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Dr. Hasmukh Adhia, IAS (Retd.)

Chairman - Nominee of Government of Gujarat

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Shri Sanjay Kaul

IAS Managing Director & Group CEO

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Shri T. Natarajan

IAS Nominee of Government of Gujarat

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Shri M.Thennarasan

IAS Nominee of Government of Gujarat

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Ms. Remya Mohan

IAS Nominee of Government of Gujarat

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Ms. Anjali Bansal

Independent Director

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Shri Ajay Tyagi

Independent Director

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Shri Rajat Moona

Independent Director

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Ms. Debjani Ghosh

Independent Director