GIFT City has functional City Command & Control Center C-4. GIFT City's first housing project of affordable housing 'Janmangala' was inaugurated in the year 2017.The project has around 300 dwellings. Currently there are 10 Telecom operators providing Telecom services in GIFT City. Create your profile! Among the investments being encouraged are investments from banks, private equity companies, insurance companies and asset management companies. A double corridor metro system is being constructed to connect GIFT City to the nearby airport and various parts of Ahmedabad. Each phase is designed as integrated sustainable development, for example the first phase itself includes development of office space, residential, school, hotel, club etc. Major real estate developers in the city are IL&FS, Govt. GIFT City is a new Financial & Technology Gateway of India for the World. It will bring back billions of dollars of business which India has been losing to other competing global financial hubs,” says Tapan Ray, MD & Group CEO, GIFT City. Using a walk-to-work concept as part of urban planning with a nodal split of 10:90 between private and public transport. Apply Now. All the electricity cables are laid in the Utility Tunnel in dry area protected by thick concrete wall in redundant paths. 11 Nov 2020, 07:16 PM. [18], On 5 December, 2019, Business Standard reported that Bank of America opens Global Business Services Center at GIFT-IFSC [19], On 15 December 2011, The Economic Times reported that city officials in GIFT are inviting companies from Singapore who wish to expand but cannot do so due to a lack of land in Singapore to open their businesses in GIFT. [11], In an interview with Financial Express on Sept 11, 2019, Mr. Tapan Ray, Managing Director and Group CEO of GIFT City, said that GIFT City has been able to attract committed investment of around Rs 11,000 crore so far.[12]. Currently ~190,000 m2 (2,000,000 sq ft) of commercial space is operational, and another 280,000 m2 (3,000,000 sq ft) is under development. The City is located on the bank of river Sabarmati connecting the Business capital (Ahmedabad) and Political capital (Gandhinagar) of Gujarat State- The Growth Engine of India. Every building in GIFT City is an intelligent building. Last Updated Date: Government of India has provisioned for Single regulator for GIFT City in the annual budget of the year 2020. That compares with 18.5 percent tax on all profits payable by companies in a special economic zone for first five years and half the profit exempted in the next five, said Pandey. The Rs 60,000-crore GIFT City project will house a financial services-based multi-services SEZ, a centre for domestic financial sector, corporate offices, regional offices of companies, a trade centre, housing colonies, social infrastructure and other associated amenities. Hire × We have sent the verification link on. Send cool custom wood burned puzzles from Liberty Puzzle. GIFT City has already allotted development rights of around 11 Million sq feet. Design and Architecture - East China Architectural Design & Research Institute (ECADI) and Fairwood Consultants India, Environmental Assessment - IL&FS Ecosmart Ltd, Process Management - IL&FS Infrastructure Development Corporation Ltd, This page was last edited on 14 December 2020, at 00:51. Tendering for the next bunch of towers is going on. There is an International Bullion Exchange planned in GIFT City in near future. The Registered Agent on file for this company is Kari Altmann Willford and is located at 1928 E Highland Ave F-104550, Phoenix, AZ 85016. The third phase's planned period for construction and commencement of the fully built city is 2020-2023. GIFTS CITY LIMITED - Free company information from Companies House including registered office address, filing history, accounts, annual return, officers, charges, business activity. It is being developed as a global financial services hub. This bench provides resolution of all disputes referred for International Arbitration. Genuine Listings. This Project by two Tower A & B , All Tower by 33 Floor Heights, read more. Foreign portfolio investors will not be taxed as they are clients, but business units will pay MAT. Gujarat International Finance Tec (GIFT) City located on the banks of the Sabarmati River and is around 12 km (7.5 mi) from Sardar Vallabhbhai Patel International Airport and is India's first operational smart city and international financial services centre. of Gujarat will buy out the 50% stake of beleaguered Infrastructure Leasing & Financial Services (IL&FS) in the GIFT City, to minimize delays to the project. Browse Companies … Investment to the tune of around INR 12,000 /- Crores have been committed in the GIFT city. Gujarat International Finance Tec-City, or GIFT City, in Gandhinagar, Gujarat. In just around a year since the start of operations, public and private sector banks at India's first and only International Financial Services Center (IFSC) at Gujarat International Finance Tec-City (GIFT City) have clocked in business transactions in excess of $1 billion (roughly Rs 6,700 crore) through their International Banking Units (IBU). Ramakant Jha, managing director and chief executive officer of GIFT Company, which is executing the Gift City and the IFSC project, said: “The government has taken up the IFSC project as priority and we’re planning to operationalise the project in a year’s time. Piece it Together. [15] In June, 2020, IL&FS concluded sale of its stake in GIFT-City for 32 crore equity value to the state government. This development center of Gujarat will employ around 1900 IT and Finance professionals. 7. (GoG has also exempted stamp duty for entities having registered office in GIFT for capital market activities). The companies functioning out of GIFT City include MNC players like Oracle; Maxim Integrated, a US$ 2 billion plus US-based integrated solutions company and Befree, a leading book-keeping company from Australia. GIFT CITY TRADING LIMITED - Free company information from Companies House including registered office address, filing history, accounts, annual return, officers, charges, business activity. ft. of Built Up area which includes Office spaces, Residential Apartments, Schools, Hospital, Hotels, Clubs, Retail and various Recreational facilities, which makes this City a truly “Walk to Work” City. This center will focus of new innovations in the field of IoT, Analytics, BI and Robotics. One click to apply for jobs; Better matching jobs for you; Get noticed by hiring companies; Create my profile. January 05, 2021 7:24 pm. Apply free to various Gift City job openings @monsterindia.com ! Skip to main content. 4012937 GIFT City offers 99.99 % uptime of Telecom Services since start of operations. Hire people for your business . Gujarat International Finance Tech-city (GIFT) SEZ is India’s first International Financial Services Centre (IFSC) under Special Economic Zone Act, 2005 (“SEZ Act 2005”). Photo: Sam Panthaky/AFP GIFT City: Are we there yet? 1 talking about this. The Registered Agent on file for this company is Debra A Goodrum and is located at 1321 E … GIFT City is a vision of Shri Narendra Modi, Hon'ble Prime Minister of India for development of India's first Global Financial Hub at Gandhinagar, Gujarat. The centre will connect businesses around 343 locations worldwide. © 2019 Gujarat International Finance Tec-City. According to Eric Yu, president, enterprise business, Huawei India, this technology includes networking solutions and setting up of data centres and surveillance as well as other opportunities. Property for Sale in Gift City – Buy new residential properties for sale at affordable price in Gift City Gandhinagar online on PropTiger.com Second phase of development is under progress. The city is designed for walk to work concept and includes commercial and residential complexes. The place for fun & unique gift ideas all year round Read More News on. [16], On 20 January, 2020, The Economic Times reported that GIFT is set to begin trading in rupee-dollar in futures market. Viridian RED, the real estate development arm of Viridian Group, has casted one of the biggest raft foundations in Gujarat International Finance Tec-City (GIFT City), Gujarat for World Trade Center (WTC). The Intelligent Building Management System guidelines issued by GIFT City to all developers ensures that building level services are at par with international standards. The road connectivity to and in GIFT City has increased with the construction of new roads. The group's current outstanding debt is … Top Packaging Companies in the World 2020 Amcor. Public infrastructure in GIFT CITY is based on concept of 'Predictive Maintenance'. The big four tech companies will work as catalysts to attract other tech and fintech companies and startups to GIFT-city, he said. Currently 10 buildings are operational. 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