GIFT City

closed

Economic/Social Impact of the Project Gujarat International Finance Tec City is a globally benchmarked International Financial Service Centre developed by Government of Gujarat through a joint venture between its undertaking Gujarat Urban Development Company Ltd. and Infrastructure Leasing and Financial Services Ltd. 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 centers such as Shinjuku, Tokyo, Lujiazui, Shanghai, La Defense, Paris, London Dockyards etc. GIFT will cater to Indias large financial services potential by offering global firms, world class infrastructure and facilities. It aims to attract the top talent in the country by providing the finest quality of life. It is estimated that GIFT would provide 5,00,000 direct and an equal number of indirect jobs which would require 62 million square feet of real estate office and residential space. Like all leading financial centers, GIFT will target a 6 to 8 per cent share of the financial services potential in India.