GIFT is a landmark initiative that will revolutionze India’s financial and infrastructural landscape. 

With top quality infrastructure, business oriented and environemnt friendly approach, GIFT will redefine how we look at urban space. 

From domestic corportates, global industries to foreign countries, the entire world is looking at GIFT as an idea whose time has come!

 

 

Just a few days ago, Gujarat International Finance Tec-City, popularly known as GIFT did the entire nation proud when it was adjudged the ‘Best Industrial Development & Expansion Project’ by World Finance Magazine. A variety of considerations from infrastrusure, scope, size etc ensured that GIFT emerged victorious, ahead of Moscow’s Internatinal Finance Centre and Songdo in South Korea.

Recent news in TOI states that, “a team from WN Media was in Gandhinagar for an for an on-site inspection of various sustainable processes that will be part of urban planning in Gift city. The WN-Media has three categories of awards, World Finance Banking awards, World Finance Legal awards and World Finance Infrastructure Investment awards. GIFT won in the third category.”

The last few years have witnessed unprecedented growth in India’s financial services sector. Both in terms of share if the GDP and in job creation, this importance of this sector is gaining pace and this is bound to increase even more as time passes. You may have noticed that several developed countries have created high-tech financial hubs serving as focal points of their nation’s development journey be it Shinjuku in Tokyo, Lujiazui in Shanghai or the London Dockyards in UK. With a condusive environment, these centres enhance capital flow and give a great impetus to talent.

It was this vision to revolutionize India’s financial and infrastructure landscape that made Chief Minister Shri Narendra Modi conceptualize GIFT and announced its launch on 28th June 2007.

Situated on the banks of the iconic Sabarmati river, GIFT is located 12 km from Ahmedabad’s International Airport and 8 km from Gujarat’s capital Gandhinagar. GIFT primarily caters to India’s massive financial services sector by offering  world class infrastructure, a business oriented and environment friendly atmosphere. With a target of more than  5,00,00 direct and the same number of indirect jobs, GIFT will provide opportunities to many bright youngsters of India.

The implementation of GIFT marks a wonderful example of how public-private partnership can together script a new roadmap to economic development. Along with a determined vision comes state of the art infrastrucute. GIFT would have 24/7 water supply, electricity along with the communication and transport technologies.

It is not only India but also the world that is seeing an ocean of opportunity in GIFT. Till now, GIFT has attracted a variety of investments from various sectors. Countries from Singapore, Malayasia to China are also serving as active particpiants in this landmark project. Companies such as Fortis and CISCO are among those that have signed MoUs to invest in GIFT.

In December 2011, GIFT created history when it was notified as the International Financial Service Centre (IFSC) for its multi-service Special Economic Zone (SEZ). This accreditation affirms GIFT’s ability to emerge as an international financial hub. 

The future of the world economy lies in stellar infrastructure backed by top quality finance services. It is these international demands that propelled the launch of GIFT project. The project is a ‘win-win’ situation for both India and the world.

 

Presentation - GIFT: A Global FInancial Hub

 

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PM to visit Bihar on 13th November
November 12, 2024
PM to inaugurate, lay foundation stone and dedicate to the nation multiple development projects around Rs 12,100 crore in Bihar
In a major boost to health infrastructure in the region, PM to lay the foundation stone of AIIMS, Darbhanga
Special focus of projects: road and rail connectivity
PM to lay foundation stone of projects to strengthen the clean energy architecture through provision of Piped Natural Gas
In a unique initiative, PM to dedicate 18 Jan Aushadhi Kendras at railway stations across the country

Prime Minister Shri Narendra Modi will visit Bihar on 13th November. He will travel to Darbhanga and at around 10:45 AM, he will inaugurate, lay the foundation stone and dedicate to the nation multiple development projects worth around Rs 12,100 crore in Bihar.

In a major boost to health infrastructure in the region, Prime Minister will lay the foundation stone of AIIMS, Darbhanga worth over Rs 1260 crore. It will have a super-specialty hospital/AYUSH block, Medical College, Nursing College, night shelter and residential facilities among others. It will provide tertiary health care facilities to the people of Bihar and nearby regions.

A special focus of projects is boosting connectivity in the region through new projects in both road and rail sectors. Prime Minister will inaugurate and lay the foundation stone of multiple National Highway projects worth around Rs 5,070 crore in Bihar.

He will inaugurate the four lane Galgalia-Araria section of NH-327E. This corridor will provide an alternate route from Araria on East-West Corridor (NH-27) to neighbouring state West Bengal at Galgalia. He will also inaugurate two Rail over bridges (RoB) on NH-322 and NH-31. Further Prime Minister will inaugurate a major bridge on NH-110 at Bandhuganj that will connect Jehanabad to Biharsharif.

Prime Minister will lay the foundation stone of eight National Highway projects which include construction of two lane road with paved shoulders from Ramnagar to Rosera, Bihar-West Bengal border to Manihari section of NH-131A, Hajipur to Bachhwara via Mahnar and Mohiuddin Nagar, Sarwan-Chakai section, among others. He will also lay the foundation stone of Raniganj Bypass on NH-327E; Katoria, Lakhpura, Banka and Panjwara bypasses on NH-333A; and four lane link road from NH-82 to NH-33.

Prime Minister will dedicate and lay the foundation stone of railway projects worth over Rs. 1740 crore. He will lay the foundation stone of Sonenagar Bypass Railway line from Chiralapothu to Bagha Bishunpur in Aurangabad district of Bihar worth over Rs 220 crore.

He will also dedicate to the nation, railway projects worth over Rs 1520 crore. These include Gauge conversion of Jhanjharpur-Laukaha Bazar Rail section, Darbhanga Bypass Railway Line which will ease out the railway traffic congestion at Darbhanga Junction, Doubling of Railway Line projects which will facilitate better regional connectivity, among others.

Prime Minister will also flag off train services in the Jhanjharpur-Laukaha Bazar section. Introduction of MEMU train services in the section will facilitate easier access to jobs, education, and healthcare facilities in nearby towns and cities.

Prime Minister will dedicate to the nation 18 Pradhan Mantri Bhartiya Jan Aushadhi Kendras at various railway stations across India. These will ensure availability of affordable medicines at railway stations for the passengers. It will also promote awareness and acceptance of generic medicines thereby reducing the overall expenditure on healthcare.

Prime Minister will lay the foundation stone of multiple initiatives in the petroleum and natural gas sector worth over Rs 4,020 crore. In line with the vision of bringing Piped Natural Gas (PNG) to households and providing clean energy options to commercial and industrial sectors, Prime Minister will lay the foundation stone for development of City Gas Distribution (CGD) network in five major districts of Bihar at Darbhanga, Madhubani, Supaul, Sitamarhi and Sheohar by Bharat Petroleum Corporation Limited. He will also lay the foundation stone for a Bitumen manufacturing unit of Barauni Refinery of Indian Oil Corporation Limited that will produce bitumen domestically helping reduce reliance on imported bitumen.