Gujarat International Finance Tec-City (GIFT) A Global Financial Hub
"The vision of Gujarat would be incomplete without capitalising on the in-house financial business acumen. To tie-up with technology, to create a hub complete with infrastructure, to meet the needs of modern Gujarat, modern India and to create a space in the global financial world… that is my dream." Shri Narendra Modi Chief Minister, Gujarat
01
India's Potential: Financial Services / ITeS No. of Jobs (Thousands)
Core Financial Services Capital Markets & Trading
Market Capitalisation
(USD Billion)
(USD Billion)
2,750-2,900
30-35
175-190
7,400-7,600
240-250
1,150-1,250
4-5
~1
6-7
19-20
8-10
65-75
IT for Financial Services ITeS / BPO for Financial Services
500-600
14-18
80-90
2,000-2,200
100-120
300-350
175-225
3-4
11-16
750-850
25-35
100-150
Total
2007
Value add to GDP
3,500-3,700
50-55
275-325
10,000-11,000
375-425
1,600-1,800
Source: McKinsey & Company
2020
Employment Potential at GIFT Financial Services
Core Financial Services
Estimated No. of Jobs (Thousands) by the year 2020
Financial Services Operations
125-150
Financial Services Corporate Centre
100-125
Select Product Markets
10-15
Capital Markets & Trading
2-4
IT for Financial Services
200-225
ITeS for Financial Services
75-100
Total
500-600
The Growth of India’s Financial Services / ITeS Sector How to unlock the potential?
The last decade has seen an unprecedented growth in India's financial services sector. It employs over 3 million people, constitutes about 5% of the GDP and has an estimated market capitalisation of over USD 200 billion. As India experiences continued economic growth, the financial services sector could generate about 10-11 million jobs and a GDP contribution of USD 350 to 400 billion by year 2020. With sustained growth and rapid development in technology and infrastructure, an increasing share of financial services would get centralised. McKinsey Market Assessment Report estimates potential of about 6 million centralised jobs across multiple services. Several developed countries have successfully established hightech financial hubs, which over time have evolved as international financial service centres. These centres provide suitable regulatory regimes and create a business environment to promote talent and increase capital flow. As they develop, they create significant economic value for their domestic economies; London and New York account for 10% of the GDP and about 5% of jobs. Emerging financial service centres like Singapore and Hong Kong have achieved similar levels of concentration of economic activity in a short period of time.
India is not able to fully realise its vast potential in financial services because our cities do not have the required infrastructure. If India wants to compete with international financial hubs, our cities will have to provide global standards in infrastructure, office space, internet and telecom connectivity and lifestyle opportunities which would attract top talent. Gujarat: An Ideal Destination For Realising This Dream Time and again, Gujarat has proved itself to be one of the fastest growing states in the country with more than 10% average GDP growth during the past six years. It leads in chemicals, petrochemicals, pharmaceuticals, cement, ceramics and diamond industries. Gujarat contributes 30% to the Stock Market Capitalisation, 16% to the country's total output and 19% to exports. Recent studies show that Ahmedabad and Gandhinagar are the favoured destinations to migrate in India because of good urban infrastructure, a business friendly environment and good living conditions.
Source: McKinsey & Company
0.5 million direct job opportunities and an equal number of indirect job opportunities like health, retail, education, real estate, hospitality and support services, which will influence lives of around 4 million people directly.
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03
GIFT: Gujarat's gift to India and the world GIFT will cater to India's 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.
ASSOCIATES A team of some of the best names in the business has been put together for the planning and designing of GIFT Design and Architecture
Fairwood India Pvt. Ltd. (Lead Member)
The Promoters
East China Architectural Design Institute
Fairwood
Consortium of Fairwood India Pvt. Ltd. and East China Architectural Design Institute
To develop and implement the Project, the Government of Gujarat through its agency, Gujarat Urban Development Company Limited (GUDC) and Infrastructure Leasing & Financial Services Limited (IL&FS) have established a 50:50 joint venture Company, “Gujarat International Finance Tec-City Company Limited” (GIFTCL).
Market Demand Assessment
McKinsey&Company
Gujarat Urban Development Company Limited (GUDC)
Infrastructure Leasing & Financial Services Limited (IL&FS)
Engineering Consultant
Mahajan & Aibara Jones Lang LaSalle Meghraj
Talent Demand Assessment
ICT Advisory Services
Hewitt
British Telecom
GUDC
GUDC is a GoG company and is positioned to facilitate urban development by assisting the state government and existing agencies in formulation of policy, institutional capacity building, project implementation, and to assist in raising funds from multilateral agencies for various projects. It would also facilitate sustainable development of urban areas, both new and existing, in order to achieve high living standards and growth of economic activities.
04
IL&FS was promoted by the Central Bank of India (CBI), Housing Development Finance Corporation Limited (HDFC) and Unit Trust of India (UTI). Over the years, IL&FS has broad-based its shareholding and inducted Institutional shareholders including State Bank of India, Life Insurance Corporation of India, ORIX Corporation (Japan) and Abu Dhabi Investment Authority.
GUDC has executed several mega projects viz. Gujarat Earthquake Rehabilitation and Reconstruction Project (GERRP), Gujarat Urban Reforms Project (GURP) and GUDA Township Project. For more details about GUDC please visit
Incorporated in 1987, the business architecture of IL&FS focuses on providing services in development of Core Infrastructure Areas suitably complemented with an array of Financial Services. The various businesses are conducted through subsidiaries with IL&FS being a principal shareholder in each. For more details about IL&FS please visit
http://www.gudcltd.com/
http://www.ilfsindia.com
Infrastructure IL&FS Infrastructure Development Corporation Limited
Environment IL&FS Ecosmart Limited
MULTI-LEVEL CAR PARK
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GIFT's proposition includes the following: l
Robust urban planning
l Urban form and façade, attractive skyline
Recognising the potential of the State as a centre for the financial services industry, the Government of Gujarat formulated GIFT to realise this vision. The land of Central Finance Business District (CFBD) will subsequently be expanded and surrounded by Institutional Areas, Knowledge Parks and Integrated Townships. The CFBD is presently implemented in 886 acres of land. The project is an ideal blend of high quality residential, commercial and social facilities that optimise land and real estate values, global connectivity and gen-next infrastructure.
l Concept of self-sustainable city l Intelligent transportation system
The Location The project is located on the bank of the Sabarmati river and is around 12 km from Ahmedabad International Airport. GIFT is easily accessible from all directions through 4-6 lane State and National Highways.
Gandhinagar
Ahmedabad
l District cooling system l River front l Technology backbone for a tech-finance hub l Data centres l Energy conservation measures, low per capita energy consumption
SABARM ATI RIVE R
GIFT: The Magnificent Coliseum in Making
l Comprehensive water management plan l Integrated township with the best of social and physical infrastructure
N.
H. 8
l Talent development programme
GANDHINAGAR
Railway Station
SACHIVALAYA
SHAHPUR BRIDGE SHAHPUR CHAR RASTA
INFOCITY NID
OAD
VAISHNODEVI CHAR RASTA
SAR
DAR
AIRPORT ROAD
CITY PULSE
PAT EL
GR
AHMEDABAD
RIN
GIFT SITE KOBA CIRCLE
GR
OAD NARMADA MAIN CANAL
OAD
SAR DAR PAT EL
RIN
INDIRA KALOL KOBA TEEN RASTA GANDHI ROAD
S. G. R
SABARMATI RAILWAY STATION
HELMET CHAR RASTA
THALTEJ
NARODA ROAD
G ROAD
132
IN FT R
A G RO
N. H. 8
C
D
KALUPUR RAILWAY STATION
SARDAR PATEL R IN
GIFT OFFICE
SARDAR VALLABHBHAI PATEL INTERNATIONAL AIRPORT
SARKHEJ CIRCLE
EX
PR
ES
SH
IGH
WA Y
N. H. 8A
SARDAR PATEL RING ROAD
06
PROPOSED MRTS ROUTE PROPOSED BRTS ROUTE
07
RPW II
Associated Infrastructure, Housing and Social Facilities
Proposed road
RPW III
RPW IV
Proposed road 80 m
RPW VI
Proposed road 80 m
Towards Himmatna gar
80 m
30 m
Domestic Finance Centre / Corporate Office / Trade Centre
NH-8
Proposed road
RPW I
Multi-Service SEZ with IFSC
Towards Shahpur
Utility
Proposed road
GIFT Project
Towards Ratanpur
Master Plan
Business Structure
RPW VII
Activities In Multi-Service SEZ Central Park Utility
rds wa n To ysa Ra
NON-PROCESSING AREA
PROCESSING AREA
RPW VIII
Utility
Gyan Utility Marg
CPN II
SOCIAL FACILITIES
CPN I B
Utility
m
MLP I
30
CPN I MLP II
E
F
R
O
N
DT
ya Ud
d
T
ru
E
8 wa igh
MLP III Club
WFD
m
V
ITE
Utility
IB&IE II
R
lH
V
d
R
nP
ath
CPS I
tio
I
I
RPE II
na
WFD
I
Utility RPE I
Astha Marg
Na
T
tion Sta
R
Logistic area
IEE II
Utility
Utility TE
h i B&IE II
Utility WFD
me
r
da
ova
l Training Centre (Language School)
B&IE I
Sar
l Hospital
Legend
CPS II
d
A
ba
M
R
I
RPE IV Shram Marg
Tapas Udyan
ICE II
WTC
ds
m
C&EC I
ar
30
60
MLP V
To w
l Affordable Housing
EE I
MLP IV
m
Helipad
Ah
B&IE III
CE I
ru Mar dhhi g
CE II
Commercial Residential Institutional
Transportation
Sam
WFD
GIFT Area Boundary
Utilities
C&EC II
80 m
Water bodies
Shakti Setu (Road Bridge )
Utility Sahan Setu (MRT Bridge )
l Medical Centre
l Data Centre
RPE III IEE I IB&IE I
R
n
l KPO, BPO Services
T
l Exhibition Centre
l Training Centre for Financial Services
l IT / ITeS
A
A
an Udy
l Hotels
B
atio
l Offshore Banking
M
A
d St
l Business Hotel, Shopping Centres, Retail Stores and Banks
l Insurance
R
mon
l Global Trading Exchanges
S
A
Dia
l Hotels & Restaurants and Food Court
B
Logistic area + MLP- VI
a
l Commodity Exchanges
A
CPN IV CPN III
Station
ICE I
Utility
l Clubs
l Serviced Apartments & Residential Flats
B&IE IV
Samr udh Marg hi Vitth
S
S
l International Techno Park and International Market Zone
l Schools (International and CBSE)
Exh ib Sta ition tion
l Related Commercial & Office Buildings
y-
MLP VII
l International Financial Service Centre (IFSC)
Green area Utility
l Entertainment Centre & Theatre
GIFT SEZ Boundary Metro Line
80 m
MLP : Multi level Parking
l Regulator's Offices
Land Use The development of CBD projects can be classified into three types:
Zone Delineation
Land Use Distribution
• Commercial: Includes Retail, Restaurants, Hotels, Offices and other associated facilities • Social Facilities: Includes Convention Hall, Exhibition Spaces, Schools, Medical, Entertainment and Cultural facilities
34%
4%
• Residential: Includes Apartments and Residential Buildings
Built-up Area Distribution 11%
28%
24%
5%
3
"TAPAS" Udyan
4
1
5 12
6
67%
22%
Total Land Area : 358.55 Ha (886 acres)
2
International Corporate Cluster
3
International Exchange Cluster
4
International Banking & Insurance Cluster
5
International Technology Cluster
6
Technology Cluster
7
Banking and Insurance Cluster
8
Exchange Cluster
9
Exhibition Parking 1
10
Corporate Cluster
11
Global Trade Centre
12
Diamond Tower
13
Exhibition Parking 2
14
Corporate Park South
15
Residential Park South
16
Residential Park North
17
Corporate Park North
18
Vanijya Parking 1 & 2
16
17 2
Residential Utilities Green & Open Spaces
Helipad
18
5%
Commercial Social Facilities Transportation
1
7
15
14
11 8 9
Commercial
Residential
Social Facilities
Total Built-up Area : 62.0 million square feet 08
BUA Component
Area (million square metre)
Commercial Residential Social Facilities
3.90 (42 million square feet) 1.30 (14 million square feet) 0.56 (6 million square feet)
10
13
09
The Buildings TheIconic Iconic Buildings
The Visionary Skyline A necklace of artistically designed high-rises with their glittering glass facades located on the curve of the Sabarmati River will provide GIFT its unique skyline. 500 M
The Diamond Tower
The Gateway Towers
The Crystal Towers
It will be located on the Fortune Island. The height of this tower will be > 400 m and shall house 80 floors. Ambience and location of the signature building has been designed extraordinarily to stand out in the city fabric.
They (each 362 m high) will anchor strategic street intersections which mark entrances to the city from public arterial streets. The building is a key element creating an identifiable area for the city axis.
The glowing Crystal Towers will be one of the most beautiful buildings of the city skyline. The four office Crystal Towers will have beautiful terrace gardens and will offer a spectacular view of the Dream River, Diamond Tower and the Convention Centre.
500 M
410 M
400 M
400 M
300 M
300 M
200 M
200 M
100 M
100 M
0M
0M
Entertainment Area Designed to woo, mesmerise and entertain the visitors, the Entertainment Area will include restaurants, craft bazaars and leisure activities to provide an evening of fun and relaxation in a serene ambience.
Exhibition Centre The façade shading louvers will have a form inspired from symbols and patterns used in traditional Indian architecture. Enchanting and organic curves will come out of tall straight vertical lines, metaphorically reflecting a Bodhi tree rising straight from the ground, growing to form a pattern of branches. The magnitude and strength of the towers will be maintained along with the rhythm and sensuousness of the curve to achieve a unique aesthetic effect. Exhibition Centre envisions a vibrant new experience of modernity with traditional idioms. The block will become the cultural hub of the city as it emotes the lifestyle of the community. Exhibition Centre will connote a global expression providing satisfactory sensory experience for both users and visitors that is a hallmark of good design.
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11
External Transport Connectivity
N. H
.8
The GIFT area will be accessible from NH-8 (Delhi to Mumbai). Railway line passes by the site on the west (to Delhi) and east (to Himmatnagar). The distances from Gandhinagar and Ahmedabad Core City are 8 kms and 12 kms respectively. GIFT will be regionally connected with places, which will open doors for further development and prosperity of the city.
GANDHINAGAR
BA
AIRPORT ROAD S. G
. RIN
GANDHINAGAR
Y WA
S.
G.
GIFT
OAD
OAD
AHMEDABAD
NARMADA MAIN CANAL
S. G. R
SABARMATI RAILWAY STATION SARDAR VALLABHBHAI PATEL INTERNATIONAL AIRPORT
N. H. 8C
KALUPUR RAILWAY STATION
EX
PR
ES
SH
8A
IG
AD
NG RO
RI PATEL
N. H. 8
N.
H.
SARDAR
HW AY
EXTERNAL CONNECTIVITY
GANDHINAGAR
SHAHPUR BRIDGE
GIFT
GIFT
RAYSAN CIRCLE RAYSAN ROAD
PATE L
RING
ROA
D
NG PATEL RI ROAD
EXTERNAL ROAD CONNECTIVITY
Vision
Transport Elements
Custom Gates and Logistics Centre
l Segregating vehicular and pedestrian movement l Envisaged Modal Split of 90:10 between public and private transport l Effective & convenient public mode of transport l P l a n n i n g Tr a n s i t O r i e n t e d Development where people walk to work l Combination of modes along main spines – linking city within and outside l Aiming at Zero Fatal Accident City
l Surface Roads (4+4 lane) l Pedestrian pathways and emergency vehicle roads l B r i d g e s ( S a b a r m a t i R i v e r, Samrudhi Sarovar and Pedestrian) l M a s s Tr a n s p o r t S y s t e m (BRTS*/MRTS**) l Travelators l Intelligent Transport System l Transportation and Logistic Nodes
l Will serve to receive – store – distribute supplies to the city l To prevent entry of hazardous goods/chemicals and HMV l To provide all facilities like; parking, boarding, fuel station, etc.to visitors,transporters, tourists, commuters, etc.
Integrated Urban Transport System
SARDAR
SARDAR VALLABHBHAI PATEL INTERNATIONAL AIRPORT
12
.8
AHMEDABAD
INDIRA BRIDGE
Transport
NARMADA MAIN CANAL
NARMADA MAIN CANAL
AHMEDABAD
N. H
DAR
SABARM
ATI RIVE
H. N.
R ATI RIVE
SAR
R
AIRPORT RO AD
E
KOBA CIRCLE
SABARM
DS AR A W ER TO OT M
TOWARDS AIRPORT
KOBA CIRCLE
8
TO AD WA AL RD AJ S
TO KO WAR BA DS VIL LA G
TOWARDS GANDHINAGAR
PDPU CIRCLE
MRTS PHASE-I MRTS PHASE-II SARDAR VALLABHBHAI PATEL INTERNATIONAL AIRPORT
MRTS PHASE-III
ROAD NETWORK
METRO CORRIDOR
MRTS BRTS
DHOLAKUVA CIRCLE
CITY PULSE
TRAVELATORS
TRANSPORT KOBA CIRCLE
GR
METRO CAR SHED
H HIG
RI
SA
To achieve the transport vision & objectives, public systems such as Bus Rapid Transit System (BRTS) and Metro Rail System connecting the capital city and Ahmedabad have been planned by Government of Gujarat with strong network of roads. GIFT has been designed with considerations of Transit Oriented Development and high FAR, hence the strong connectivity through various systems have been envisaged to connect it with Ahmedabad and Gandhinagar. GIFT has been planned and designed for more than 1 million direct and indirect employments. This will have a huge impact on transport requirements considering the number of trips that would be generated to and from the city.
R
VE
I AT
RM
* Planned by Ahmedabad Municipal Corporation (AMC)
**Planned by GoG
Multi-Level Parking Hubs l At strategic location l Internal MLP Hubs – 50,000 ECS Capacity
The vision for transportation which shall be the lifeline of GIFT can be achieved through a well defined and Integrated Urban Linkage System which can efficiently serve such a dense development.
MRTS CONNECTIVITY
13
Infrastructure
Information and Communication Technology (ICT) Water Supply and Sewerage System
Raw water intake
Reservoir
l Water Sources:
STP
Waste water
Sludge Waste
l Narmada Main Canal
WTP
l Recycling and Reuse of Wastewater
Filtered water
RO Plant
Domestic uses Waste water
Waste water
Softening Plant
Cooling Tower
GIFT occupants would have access to following pre-enabled on demand ICT services:
l Rainwater Harvesting
Makeup for Water Bodies
Waste water
Will create leading-edge infrastructure, services and platforms that will offer financial services enterprises a significant competitive advantage to operate regionally and globally.
Water with sludge
Horticulture
l 24 x 7 Water Supply l Concept of Zero Discharge City
Flushing Water
l Proposed landscaped promenade at the river bank along GIFT
Power l Total Demand : ~ 740 MW l Underground cabling for power distribution within GIFT
l Saving on building management system l Saving on total build cost l Saving on operational expenditure
GIFT Command & Control Centre
Building level Command & Control Centre
GIFT Infrastructure for Services
Building Level
l Substation and distribution automation
Smart GIFT
Infrastructure • High speed fibre network • Diverse local and international connectivity • Pervasive wireless and mobile network • Data centres
l Indoor substations
l Integration of building infrastructure system & technology. l Real time performance of building & systems. l Infrastructure Management & optimisation of costs. l Upgrading quality of built up environment & ensuring occupant safety, security & comfort. l Immediate Emergency Response for Disaster/Crisis Management
l Gas Insulated Switchgears (GIS) substation for sub-transmission and distribution within GIFT city
Platforms
l Compact substation (CSS) in buildings
• CUG to exchanges
• Financial extranets
• Voice • Industry specific platforms • City e-portal • Sensor networks • IPTV • Internet gateway Services
Samrudhi Sarovar & Waterfront Development
• Data
Utility Trench
l 1 km length and 7 m depth
l All infrastructure networks (trunk) shall pass through a common utility trench
l Width varying from 82 m to 160 m
l Space optimisation
l Artificially created concrete Storage Reservoir for meeting daily water demand of GIFT
l Safe operations
l Ease in maintenance
l Designed for 15 days drinking water storage
• Voice • Wi-Fi • Tier-IV data centres • Business continuity • Security • High-speed internet access • Monitoring
3
l Water Body of 0.75 million m capacity to enhance aesthetics and for water sports activities
“Best in Class” Customer Experience
Gateway to Financial Markets
Solid Waste Management District Cooling System l Automated Waste Collection System (AWS) through chute system l Minimum human intervention l Minimises space requirement l Minimises impact on health l Waste sucked through pipes at a speed of 90 km/hr l Waste Treatment through Plasma Technology
14
l Efficiency through economies of scale l Reduces energy costs
Cost-effective ICT
l Reduces maintenance costs l Improves air quality and temperature control
Secure & Resilient ICT Environment
l Reduces noise and vibration l Total Estimated Capacity : ~ 1.0 Lakh TR Pre-enabled on demand Infrastructure
15
Implementation Framework / Opportunities Public Private Partnership (PPP)
Corporate Social Responsibility
In line with PPP philosophy, the Project encourages significant private sector participation.
Talent Development To upgrade the identified skill gaps, a dedicated programme involving private sector participation is being pursued by setting up the following entities / programmes:
Unbundling the Components Infrastructure Site development and infrastructure would be contracted out by GIFTCL inducting the latest in construction technology. Utilities Special Purpose Vehicles (SPVs) have been setup to implement the critical utility components through major private sector participation. l l l l l
16
GIFT District Cooling Systems Limited GIFT Water Infrastructure Limited GIFT Waste Management Services Limited GIFT Power Company Limited GIFT ICT Services Limited
l l l l l
Nodal agency for talent development Finishing schools Training schools Education city development School education and infrastructure development
Real Estate GIFT will offer real estate packages in the form of shell, furnished, plug and play or press and play spaces. Uniformity of design and aesthetics would be maintained. To facilitate developers, GUDC has been designated as the single-window Area Development Authority. A separate building code is being written for GIFT.
GIFT in Making Image of 1st Building
IV ER AT IR
N.
H. 8
SA BA RM
GANDHINAGAR SACHIVALAYA
INFOCITY
SHAHPUR BRIDGE
NID
SHAHPUR CHAR RASTA
CITY PULSE
AIRPORT ROAD
GIFT KOBA CIRCLE
8 H.
INDIRA GANDHI ROAD
SARDAR
SARDAR VALLABHBHAI PATEL INTERNATIONAL AIRPORT
N PATEL RI
G ROAD
KALOL KOBA TEEN RASTA
NARMADA MAIN CANAL
N.
AHMEDABAD
Gujarat International Finance Tec-City Company Limited 3rd Floor, 'A' Wing, Khanij Bhavan, Near University Ground, 132 feet Ring Road, Vastrapur, Ahmedabad 380 052, Gujarat, INDIA Tel: +91 79 30018300 / 30018321 | Fax: +91 79 2791 2516 E-mail:
[email protected] www.giftgujarat.in Disclaimer: The information and plans provided in this brochure are purely indicative in nature. The representation of the plans are an artist's impression and the dimensions of structures are not entirely to scale and may change / alter in future.
