Gujarat International Finance Tech-City [GIFT City]

By : Neha Dhyani

Updated : May 18, 2022, 10:38

Gujarat International Finance Tech-City [GIFT City] refers to a construction enterprise community in Gujarat. This GIFT City is the country's primary functional smart city with a sustainable master layout and world-class infrastructure.

It makes Gujarat International Finance Tech-City [GIFT City] above or at par with well-known hubs worldwide. Facilitated by the state administration of Gujarat as a greenfield undertaking, it will comprise residential and commercial complexes. Keep reading the article below to learn more about the GIFT City that will help you better prepare for your upcoming UPSC mains and prelims examination.

About Gujarat International Finance Tech-City [GIFT City]

Gujarat International Finance Tech-City [GIFT City] refers to an integrated expansion of 62 mn sq. ft. of the built-up space, 886 acres of land, concerning office space, residential, schools, hotels, hospitals, clubs, retail, and various amusement amenities. Furthermore, this Gujarat International Finance Tech-City [GIFT City] is a vertical town that will optimize the ground area for growth.

Quick Facts About Gujarat International Finance Tech-City [GIFT City]

  • Gujarat International Finance Tech-City [GIFT City] is situated on the shores of the Sabarmati river, joining the political capital (Gandhinagar) and business capital (Ahmedabad) of Gujarat state, famously known as the development hub of India.
  • This city is situated approximately 12 km from Ahmedabad International Airport.
  • The establishment of IFSC (International Financial Services Centre) in the country is anticipated to raise job possibilities, and improve revenue generation and financial activity.

Proposed Utilities of the Gujarat International Finance Tech-City [GIFT City]

The Gujarat International Finance Tech-City's (GIFT City) layout stands at 886 acres ( 59 hectares) of the ground area, including roughly 110 facilities with 62,000,000 sq ft of built-up space.

In this space, approximately 67% remains reserved for commercial spaces, 22% for residential spaces, and 11% is social establishments. At present, 2,000,000 sq ft of the commercial area is functional, and another 3,000,000 sq ft is still under construction.

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Some of the proposed utilities of Gujarat International Finance Tech-City [GIFT City] are as follows -

  • Electricity: In Gujarat International Finance Tech-City [GIFT City], a 400 MV electrical supply proposal will lower the odds of electricity outages. The city will have cables laid in utility tunnels with substantial viscous fences in redundant tracks.
  • Telecommunication Services: Gujarat International Finance Tech-City [GIFT City] will have cutting-edge telecommunications networks based on FTTX (Fiber to home/office). The communications lines move from a fault-tolerant rich structure to guarantee the highest uptime of assistance.
  • Piped gas: Natural gas is dispersed to every home and residential area via more reasonable and safe lines than gas cylinders. Gas supply is accomplished from the existing gas grid of the state-owned corporation for gas distribution pipelines.
  • Solid waste management: All solid waste near Ahemdabad city is gathered and taken to the processing unit by vacuum tubes established on each floor of all structures. The waste is automatically stunk through subsurface lines at a high speed of 90 km/h and is moved through various techniques, including plasma gasification.
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Gujarat International Finance Tech-City [GIFT City] Way Ahead

The Gujarat International Finance Tech-City [GIFT City] holds a reliable multi-services SEZ (Special Economic Zone) for Global functions for different services sector partakers. Likewise, GIFT City's multi-services special economic zone holds the rank of India's primary IFSC (International Financial Services Centre) supported by the Government of India.

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FAQs on Gujarat International Finance Tech-City [GIFT City]

Q.1. What do we mean by Gujarat International Finance Tech-City [GIFT City]?

Gujarat International Finance Tech-City [GIFT City] refers to a construction enterprise community in Gujarat.

Q.2. What is the area of Gujarat International Finance Tech-City [GIFT City]?

The Gujarat International Finance Tech-City [GIFT City] layout stands at 886 acres ( 59 hectares) of the ground area, including roughly 110 facilities with 62,000,000 sq ft of built-up space.

Q.3. What is the proposed electric supply for Gujarat International Finance Tech-City [GIFT City]?

In Gujarat International Finance Tech-City [GIFT City], a 400 MV electrical supply proposal will lower the odds of electricity outages.

Q.4. How much is the functional commercial area of Gujarat International Finance Tech-City [GIFT City]?

At present, 2,000,000 sq ft of the commercial area of Gujarat International Finance Tech-City [GIFT City] is functional.

Q.5. What is the full form of GIFT City?

The full form of GIFT City in Gujarat International Finance Tech-City [GIFT City].