GIFT City

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  • 1. 1 GUJARAT INTERNATIONAL FINANCE TEC‐CITY (GIFT) (A Government of Gujarat Initiative, India)
  • 2. 2 Project Profile GIFT is designed to be a global financial services hub The Project is an initiative of Government of Gujarat (GoG) India (GoG), The most proactive state in India with a strong emphasis on infrastructure. It is being developed and implemented by Gujarat International Finance Tec City Tec‐City Company Limited (GIFTCL), a Joint Venture Company: GoG through Gujarat Urban Development Company Limited (GUDC) and Infrastructure L i and Fi I f t t Leasing d Financial S i i l Services Ltd (IL&FS) Ltd. Project to be implemented on a Public Private Partnership format
  • 3. 3 Genesis of the Project India has Potential to Access a Large Financial Services Opportunity : India s India’s Financial Sector has grown and matured over the last 15 years This trend is likely to accelerate with India’s economic growth By 2020, di indicate the sector would employ 10 M P B 2020 studies i di h ld l Mn People l This alone would translate to 800 Mn sq.ft. of office space, required for the industry
  • 4. 4 Potential for GIFT GIFT aspires to capture a modest 6‐8% share of business opportunities to be created based on the following strengths: Strong Location Advantage: Its Proximity to Mumbai and strong connectivity by air and road Robust Urban Planning: Well Designed Urban Form in Place High Quality Infrastructure: State of the art physical, ICT and social Infrastructure at affordable prices Availability of Talent Pool: Plan Under Implementation for smooth operation of business Business‐friendly Regulations and Policies: Special Economic Zone Approved Firm Implementation Plan
  • 5. 5 Strong Location Advantage 12 kms from International Airport  12 kms from International Airport (AIA): 8 lane dedicated expressway 8 kms from Gandhinagar: g Political Capital of Gujarat Abuts National Highway 8: Delhi ‐Mumbai Strong Intercity Connectivity: MRTS Ahmedabad – Airport – Gandhinagar  – GIFT Integrated Townships: High Quality Residences Entertainment Hospitality Commercial  Social Infrastructure
  • 6. 6 Robust Urban Planning: Master Plan Transit Oriented Development • Start up land area 500  acres (allotted) Soft and hard Landscaping • Designed for 0.4 mn  working population  (including 50,000  residents) Development along Dream River
  • 7. 7 Robust Urban Planning: Land Use Pattern Total BUA: 75 million sq. ft. in phases BUILT UP AREA DISTRIBUTION (32%) (30%) (1%) Green City: More OPEN AREA (23%) than 65% reserved for Open Spaces / (14%) Green Cover
  • 8. 8 Robust Urban Planning: Built Form & Skyline FAR > 8 FAR 6 - 8 Diamond Tower of FAR 2 - 5 80 floors Gross FAR - 3.65 Height of 3 landmark buildings is above 250 mts 11 buildings are above 150 mts
  • 9. 9 Robust Urban Planning: Built Form & Skyline
  • 10. 10 Robust Urban Planning: Global Benchmarking Parameter GIFT Land 500 acre Built Space 7.5 mn sq.m FSI/FAR 3.65 Green belt 0.6 0 6 mn sqm Tallest Bldg 400m In terms of scale and sheer physical scope, GIFT is being designed to be at or above par with presently acknowledged globally benchmarked financial centers such as Shinjuku (Tokyo), Lujiazui (Shanghai), LaDefense (P i ) D k d (L d ) L D f (Paris), Dockyards (London).
  • 11. 11 High Quality Infrastructure: Physical/Social Infrastructure Benefits  Infrastructure Facilities Transport: Completely Developed site with high quality • Higher Safety and Reduced Pollution: internal roads, l d i t l d landscaping and storm water i d t t High share of Public Transport drainage • Walk to Work Concept 24 hrs power and water supply through a • Strong Connectivity to Airport & Ahmedabad City dedicated system for the GIFT city • Abundant Parking Utilities: Measures for energy conservation with Reduction of Air Conditioning Power demand • Lowest Per Capita Energy Consumption • Guaranteed Supply and Quality Accessibility and Linkages: • Reduced Costs - MRTS / LRTS / BRTS - Underground arterial road - Abundant Parking Space Access to Piped Gas Network. Environmental Protection measures including e-Waste Management Adequate Social Infrastructure: Apartments Educational Institutes, Hospitality, Entertainment, etc.
  • 12. 12 High Quality Infrastructure: ICT Information, Communication  I f ti C i ti The GIFT ICT Advantage and Technology (ICT) Occupants of GIFT would enjoy following benefits: p j y g Access to high speed network and cutting‐edge IP‐ based Networks (NGN) allowing seamless Voice, Video and Data integration and use of advanced end user applications Greater Bandwidth (due to totally Wired‐City Fibre connected) ‐ a Bandwidth of 100 Mbit/s scalable to Gbit/s, would be possible from the start A robust Tier IV Data Centre with guaranteed SLAs for uptime with properly backed up remote Disaster Recovery site as a fall back Residential and Intelligent Building services such as high speed Internet access, telephony services (VoIP, PSTN), IPTV, Video on Demand, Home Security (CCTV, alarms), Automation (lighting & heating control, energy management, appliances and remote control, etc.)
  • 13. 13 High Quality Infrastructure: ICT Information, Communication  Information Communication The GIFT ICT Advantage and Technology (ICT) Occupants of GIFT would enjoy following benefits: p j y g Faster setting up of business – with Plug‐and‐play services the organizations would spend more time on Totally  customer business services than on developing Connected – infrastructure services Broadband &  Wireless Local area networking, intra office / building wireless access, video conferencing, video telephony, etc. Intelligent  IT Data  Buildings Centers Attractive price-performance ratio because of the economies of scale better than the Best technology GIFT available, more cheaply A fully self-contained network management and self contained operations to support the services and performance SLAs Shared IT  eGovernance Application  Centers
  • 14. 14 Investment Opportunities for Infrastructure Developers Core Infrastructure Site Development Landscaping Maintenance Systems Transportation & Utilities Roads and Transportation Water Systems ICT Power Generation and Distribution HVAC Domestic Gas Distribution Waste Management Systems
  • 15. 15 Availability of Talent Pool Gujarat is well placed to meet the entry level talent demand: About 0.3 Mn graduates a year Focused talent development initiatives in place for quality enhancement GIFT is well Placed to meet the Middle and Senior Level Management  g Demand: GIFT’s Best‐in‐Class Infrastructure and proximity to Mumbai would promote  inward migration Talent Development Programme under implementation
  • 16. 16 Business Friendly Regulations and Policies: Regulatory cum Business Structure GIFT A State Notified Area  Domestic Tariff Area  SEZ  (DTA) 250 Acres 250 Acres • Domestic Financial District Processing Areas Non‐Processing Areas • Domestic Techno Park • Utilities • Fin/Tech Services EoU Park •International Financial         • Integrated Townships • Domestic Markets Zone Service Center (IFSC) • Entertainment zone • Domestic Education Zone •International Techno Park • Hotel/Convention Centre • Domestic Utilities •STPI Units ‐ Technology • Shopping Malls •International Market Zone • Health Services •Exchanges, Service Units • Schooling •Inter. Education Zone
  • 17. 17 Business Friendly Regulations and Policies: GIFT Target Business Entities Business Nature of Opportunity Financial Services Operations Back-office of banking, Insurance and Asset Management Companies Financial Services Corporate Corporate roles in financial services companies. Center E.g. Accounting, HR, Admin, IT Select Product Market Private banking, banking Product development, development microfinance etc. Capital Market and Trading Includes DCM, ECM, M&A, Commodity trading, Private Equity, Hedge Funds and Institutional brokerage IT services Software Application development and maintenance for BFSI and other verticles ITeS/BPO Services Captive BPOs of large global financial services companies, 3rd party BPO service providers, KPOs etc.
  • 18. 18 Business Friendly Regulations and Policies: Initial List of Anchor Occupants (MoU’s) IL&FS Limited / ORIX Corporation (Japan) Chescor C it l C Ch Capital Corporation Li it d ti Limited Kotak Mahindra Bank Limited (India) Sembawang Engineers and Constructors Pte. Ltd. (Singapore) Fairwood Associates (India) ICAI (Institute of Chartered Accountants of India) (India)
  • 19. 19 Business Friendly Regulations and Policies: Affordable Pricing Options for Occupants Outright Purchase: Bare Furnished F ih d Plug & Play <, Press & Play Lease: Bare Furnished Plug & Play <, Press & Play Guaranteed Service Levels
  • 20. 20 Firm Implementation Plan: Project Phasing Phase I Timelines Phase I Timelines • Start of Construction:  2007 • Start of  Operations:  2010 Project  Built Up  Period Area  Phases (Mn. sq. ft.) Phase I 2007 ‐ 2010 25.8 Phase II 2010 ‐ 2013 23.4 Phase III 2013 ‐ 2017 27.3 Total 76.5
  • 21. 21 Firm Implementation Plan: Panel of Expert Agencies / Firms ECADI (China) / Fairwood Consultants Pvt. Ltd. (India) Master Planning, Design & Architecture, PMC McKinsey & Company Demand Assessment and Feasibility Hewitt Associates Talent Pool Implementation IL&FS Ecosmart Limited Environmental Aspects
  • 22. 22 Firm Implementation Plan: Framework GUDC IL&FS JVC – Gujarat Finance City Development  Company Limited Proposed SPV’s for Sub-Components WATER  TRANSPORTATION POWER BUILDINGS SYSTEMS LANDSCAPING DISTRICT  ICT GAS SWM COOLING Professionally Managed City Administration
  • 23. 23 Firm Implementation Plan: Approach  World Class Contractors LSTK : cost, time and standards De‐risking of project through detailing of built forms De risking of project through detailing of built forms Single Window City Management
  • 24. 24 Current Status Land acquired and transferred to JVC Detailed master plan completed Built from engineering underway Approval of GoG received Approval of GoI received for SEZ Infrastructure planning completed DPR’s under preparation Site preparation activities have commenced
  • 25. 25 Contact us Mr. Sunil Bahl Mr. K. Srinivas , IAS CEO, GIFTCL Director, GIFTCL Contact Address: Gujarat International Finance Tec‐City Company Limited 2nd Floor, Civil Supply Building,  Sector‐10‐A, Gandhinagar Telefax:+91‐79‐23246127;23246128 Email: ceo@gujaratift.co.in, ksrinivasias@gmail.com
  • 26. 26 Thank Y Th k You