Narendra Modi's Rs 78,000 cr hi-tech city GIFT to try new concepts; may shape future http://economictimes.indiatimes.com/news/economy/infrastructure/narendra-modis-rs-78000-cr-hi-tech-city-gift-to-try-new-concepts-may-shape-future-city-technologies/articleshow/11368455.cms India never got such a visionary CM who atleast think on that line and dares to implement with systematic approach after expanding job opportunities to people of his state. This is a huge difference between PM, Advani-every other moment he loves to do Rath Yatra and other so called smart Indian beurocrats. :thumb:
Page2 of 2 However, GIFT will have to wait a while to go vertical. Currently, it has clearance to build only up to 122 metres since the airport is seven km away. In 6-7 years, the airport will shift to a new location, allowing GIFT to soar high. GIFT had made changes to the original plan, which had proposed subterranean roads and four levels of underground parking, leaving the surface purely for pedestrians. It had also envisaged a Personal Rapid Transit System similar to the one operational at London's Heathrow airport and one planned for Amritsar. Now, the parking will be on the surface since underground parking and roads are too expensive. The Personal Mass Rapid Transit System has been dropped as the Metro would come right up to GIFT. However, cars will remain in the periphery as residents and visitors will use district-cooled, moving walkways to get to the city centre. The city is being planned in such a way that future planners do not have to dig for 100 years. The first phase of GIFT would experiment with new technology concepts to see if they can be replicated on a larger scale. It would involve two 30-storey buildings with around 10,000 people working inside. The investment for infrastructure in this phase would be Rs 1,400 crore, and around Rs 10,000 crore for all the three phases. The city would need a total investment of Rs 78,000 crore. Narendra Modi's Rs 78,000 cr hi-tech city GIFT to try new concepts; may shape future city technologies - Page2 - The Economic Times
Gujarat's GIFT bags World Finance award 18 Aug, 2012, 02.07PM IST, Himanshu Darji,ET Bureau AHMEDABD: Gujarat International Finance Tec City (GIFT), the upcoming liberalised financial service centre in the state, was recently adjudged 'Best Industrial Development & Expansion' project by London-based magazine World Finance. The project was judged on the basis of its infrastructure, scope, size and complexity as well as in terms of its potential for enabling economic growth in the region through the relocation and centralization of India's financial and IT sectors, said a GIFT statement. GIFT outclassed projects like Moscow International Finance Centre in Russia and Songdo in South Korea. "The recognition will add value to the project, that is moving ahead with full momentum. We have kept the project on the fast track. The first two towers are on the verge of completion. Tenders for infrastructure facilities are being floated. In many cases, we are on the verge of finalising the developers. The initial occupants will start function by the end of 2012. We are in talks with 10 banks, which are awaiting a go ahead from their headquarters," GIFT director R K Jha told ET. World Finance belongs to the W N Media Group in London - global multimedia group with a broadcasting division. GIFT project is an upcoming international financial and IT services hub and is promoted by Gujarat government through Gujarat Urban Development Company Limited ( GUDC) and Infrastructure Leasing & Financial Services Limited (IL&FS). It got the status of International Financial Services Centre ( IFSC) in December last year. It will be a deemed foreign territory enabling banks and financial institutions transact in foreign currencies from within India and a fraction of cost compared to its global peers. A part of GIFT has also been notified as a Special Economic Zone ( SEZ), facilitating exemptions from central and state taxes. Gujarat's GIFT bags World Finance award - The Economic Times
Gujarat International Finance Tec-City - Global Financial Hub | GIFT Gujarat [video]http://giftgujarat.in/gallery/explore-gift.aspx[/video]
The first two towers are ahead of schedule. Overall the project as a whole is also ahead of schedule. I just hope they extend the Sabarmati Riverfront project as a single stretch all the way to Gandhinagar. Just the fact that there is standing water along that stretch will increase the water table and hence the green cover of the area.
ha ha ha ha Motherf**king congis...6/8 months ago they were saying its just PR and nothing else.. the work has not even started... a tight kick in their nuts. first tower built and will be completed within a year
Gujarat's GIFT bags World Finance award - The Economic Times Gujarat's GIFT bags World Finance award AHMEDABD: Gujarat International Finance Tec City (GIFT), the upcoming liberalised financial service centre in the state, was recently adjudged 'Best Industrial Development & Expansion' project by London-based magazine World Finance. The project was judged on the basis of its infrastructure, scope, size and complexity as well as in terms of its potential for enabling economic growth in the region through the relocation and centralization of India's financial and IT sectors, said a GIFT statement. GIFT outclassed projects like Moscow International Finance Centre in Russia and Songdo in South Korea. "The recognition will add value to the project, that is moving ahead with full momentum. We have kept the project on the fast track. The first two towers are on the verge of completion. Tenders for infrastructure facilities are being floated. In many cases, we are on the verge of finalising the developers. The initial occupants will start function by the end of 2012. We are in talks with 10 banks, which are awaiting a go ahead from their headquarters," GIFT director R K Jha told ET. World Finance belongs to the W N Media Group in London - global multimedia group with a broadcasting division. GIFT project is an upcoming international financial and IT services hub and is promoted by Gujarat government through Gujarat Urban Development Company Limited ( GUDC) and Infrastructure Leasing & Financial Services Limited (IL&FS). It got the status of International Financial Services Centre ( IFSC) in December last year. It will be a deemed foreign territory enabling banks and financial institutions transact in foreign currencies from within India and a fraction of cost compared to its global peers. A part of GIFT has also been notified as a Special Economic Zone ( SEZ), facilitating exemptions from central and state taxes.
I waited for 2 days that Gujju newspapers would report it but nine of them reported this news. What a shame and biased journalism.....
