GIFT City Essay : GIFT City also known as Gujarat International Finance Tec-City is in process of being constructed in Gandhinagar in Gujarat, India. It is India’s first smart cities to be built on a massive 886 acres land. Thus, bringing into modern technology developments into the banking and financial sector, with super infrastructure facilities.
This mega city is connected to 6 lane state and public roads making transportation and travel at much ease. The mega city has planned a financial model for the for central business hub. The GIFT CITY included work spaces, offices, academies, clubs with hi tech facilities and amenities.
The entire project is located on the banks of Sabarmati River and is 12kms from Ahmedabad International Airport.GIFT city is catering to India’s large financial services by bringing into multinational firms, world-class infrastructure and facilities and best employment opportunities. It is the enabled the highly skilled workforce bring in their talent and top-class knowledge into the country by providing the finest quality of life.
Most of the bank and other financial institutions have already located their base into the GIFT city and are already fully operational. The mega city has also been able to attract offshore businesses thus bringing in foreign revenue into the country.
The mega project is in the third phase of completion and is said to be completed by 2024. This city will provide employment opportunities with highly paid jobs and best facilities. Most of the facilities will be automated in this GIFT City making life easier and more comfortable with all luxuries.
The entire investment for the development of each of the agreed projects with cross 10000 crores. With such huge investments the mega city should turn out to be a great success.
Due to the world class top-notch infrastructure development the GIFT City has won many awards and been tied up with various forums.
The world class infrastructure development at GIFT City has won many awards and accolades from reputed forums. Some of the infrastructure development at GIFT City like, District Cooling System, Automated Waste Collection System, underground Utility Tunnel etc. are being implemented for the first time in the Country. GIFT City has also been widely recognized as the first Smart City under development and has been conferred as the “Smart City of the Future” by various institutions.
GIFT City is emerging as the preferred destination for Financial Services, multinationals and IT/ITes companies for setting up their operations.
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