However, it’s very crucial to choose the right corporate gift so it stands out in the crowd and at the same stays true to the values of your brand. [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]. According to The Hindu Business line, Global banking major Hongkong and Shanghai Banking Corporation Limited (HSBC) has received an in-principle approval from the GIFT SEZ Authority to set up an IFSC Banking Unit (IBU) at GIFT- International Financial Services Centre (IFSC). 1 talking about this. Financial institutions setting up business units in Gift City will pay a reduced tax valid for special economic zones and can more easily offer foreign-currency loans to Indian companies aboard and foreign firms. The first phase of this DCS with a capacity of 10,000 TR is in operation since April 2015. The road connectivity to and in GIFT City has increased with the construction of new roads. Tendering for the next bunch of towers is going on. India plans aircraft leasing company at GIFT City to counter Chinese dominance; Sebi eases ownership rules for Gift City Exchanges; Bank of America leases 4 lakh sq ft office space in GIFT City for 15 years; Top Trending Industry TermsPetrol Price Today Serum Institute Airtel Africa Tata Motors Budget 2021 Indian Airlines news Telecom news Banking news Finance news Auto News. This Project Location by Gift City Gandhinagar. India's first city-level DCS (district cooling system) is operational at GIFT City. In November 2018, The Wire reported that Gujarat State govt. GIFT IFSC is a Multi Services Special Economic Zone with 105 hectors of land and commenced its business in April 2015. GIFT Crystal Towers - With a total 790,000 square metres (8,500,000 sq ft) built up area, four, GIFT Convention Centre - Inspired by the structure of. Each phase is designed as integrated sustainable development, for example the first phase itself includes development of office space, residential, school, hotel, club etc. The GIFT City’s plan is for the 359 hectares (886 acres) of land area to have approximately ~110 buildings with ~5,800,000 m2 (62,000,000 sq ft) of built-up area, of which around 67% is commercial, 22% is for residential and 11% is social facilities. Verified. Companies House Companies House does not verify the accuracy of the information filed (link opens a new window) Sign in / Register . [23], BSE Broker's Forum would invest 120 crore to build a commercial tower to set up back office operations to lower their costs and enjoy modern facilities. GIFT City's first housing project of affordable housing 'Janmangala' was inaugurated in the year 2017.The project has around 300 dwellings. It was promoted by the Government of Gujarat as a greenfield project. Learn more today. As of now an investment of Rs 10,500 crore has already been committed for 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. The city is connected though 4-6 lane State and National Highways. Natural gas is distributed to every house and building via pipes, which is cheaper and safer than cylinders. 4012937 Major real estate developers in the city are IL&FS, Govt. Gift City Baskets LLC is an Arizona Domestic L.L.C. Skip to main content. 4 min read. All Amenities Available in This Project, Well Developer by Sbha Group of Company. All of these come together to provide an international standard of working and living. Gift City | 183 followers on LinkedIn. The WTC is under construction apart from a couple of buildings as part of the SEZ. Several measures underway for further development of GIFT City: Sebi chief, Visit of Wipro Chairman Mr. Azim Premji to GIFT City, Visit of Hon'ble Prime Minister of Bhutan to GIFT City, Visit of Hon'ble Chief Minister of Andhra Pradesh to GIFT City, INTERNATIONAL INVITED DESIGN IDEA COMPETITION FOR THE LANDSCAPE MASTER PLAN OF GIFT CITY, Inaugration of Jamnabai Narsee School at GIFT City, Allotment to Reliance Capital in GIFT IFSC, MoU Signing between GIFT SEZ and MCX_25082015, Visit of Governor of Guangdong Province China, Visit of Delegation of Abu Dabhi Global Markets, Bhoomi Pujan Affordable Housing Janaadhar, Roundtable Conference Banking, Insurance & Markets at Mumbai, Interactive Session on Gujarat – Promising Destination for IT/ITeS held on April 29, 2016 at New Delhi, Interactive Session on Gujarat - Promising Destination for IT Companies held on May 05, 2016 at Bangalore, Kotak Bank’s IBU Inauguration at GIFT IFSC on May 2, 2016, IDBI Bank’s IBU Inauguration at GIFT IFSC on May 6, 2016, Bhoomi Pooja & Ground - Breaking Ceremony of Brigade SEZ (Office Tower) and IBIS Styles Hotel at GIFT City on August 5, 2016, Foundation Stone Laying Ceremony of SBI Tower in GIFT City on Sep 19, 2016, Inauguration of SBI’s IFSC Banking Unit at GIFT IFSC on Sep 19, 2016, Inauguration of New India Assurance’s IFSC Insurance Office & Announcement of US$1 Billion Transactions Achieved at GIFT IFSC, GIFT City's International Seminar During Vibrant Gujarat Summit 2017, PM Inaugurates India's First Global Exchange at GIFT City, Oracle India inaugurated its 11th product development center at GIFT City, Inauguration of NSE's Global Exchange at GIFT City, Inauguration of MCX Office at GIFT City by Hon'ble Chief Minister of Gujarat, Abu Dhabi Global Market & Gujarat International Financial Tec-City Special Economic Zone for Finance take Bilateral Cooperation to next level, Dubai international financial centre signs mou with gift city, Belgium Opnes Honorary Consulate Office @ GIFT City, Axis Bank IFSC Banking Unit Inauguration @ GIFT City, Yes Banks IFSC Unit Inauguration and Listing of MTN Bonds @ GIFT City, Muhurat Ceremony of Tower Developed by BSE Broker's Forum intitiative DSCCL @ GIFT City, GIFT City Participation in Vibrant Gujarat 2019 International Roadshows, GIFT IFSC - A New Financial Gateway of India Seminar During Vibrant Gujarat Summit 2019, Annoucement of GIDC Tech Park in GIFT City, IDBI IBU Inaugurates its New Office in GIFT IFSC, SLCPAS Inaugurates its New Office in GIFT SEZ, StockHolding Corp starts IFSC business in GIFT City, “Girls Take GIFT City” organized by Bloomberg in association with UBS Bank, Inauguration of Bank of America’s operations at GIFT City, Inauguration of “Grand Mercure” An International Hotel developed by Brigade Group, Integrated Development (Office, Residential & Institutional), Multi Services Special Economic Zone (SEZ), India’s 1st International Financial Services Centre (IFSC), Smart, Sustainable & Green Infrastructure. This is being achieved by: GIFT City will also have its own metro stations and will be connected to Ahmedabad metro network by March 2024.[9][10]. I chose these as the corporate gift for a company a few years ago, and people still talk about how great they are. 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. [2][3][4] [5] The city is designed for walk to work concept and includes commercial and residential complexes. As part of Phase-I development, around 780,000 square metres (8.4×10^6 sq ft) of BUA has already been allotted from the 1,200,000 square metres (13×10^6 sq ft) of BUA (built-up area) available for commercial, residential and social uses. The stake sale will help the group reduce its debt by Rs 1,230 crore. filed on August 6, 2012. Create your profile! Citi, the leading global bank, serves more than 200 million customer accounts and does business in more than 160 countries and jurisdictions. Genuine Listings. Every home and office of the city is connected with Fibre optic cable. The big four tech companies will work as catalysts to attract other tech and fintech companies and startups to GIFT-city, he said. This development center of Gujarat will employ around 1900 IT and Finance professionals. Read More News on. Skip to main content. All the electricity cables are laid in the Utility Tunnel in dry area protected by thick concrete wall in redundant paths. GIFT City is an integrated development on 886 acres of land with 62 mn sq. Company registration number 08534166, It’s main line of business activity is Retail sale via mail order houses or via Internet and the company … The fourth phase, termed "The Enpeoplement", fills the planned city with humans to experience commerce and labour. Businesses registered in the GIFT City will have to pay 9 percent MAT. 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. The city is designed for walk to work concept and includes commercial and residential complexes. 600 crore to develop 160,000 square metres (1.7×10^6 sq ft). Gas supply to the city is done from the existing gas network of GSPL, the state-owned company for gas transmission pipelines. [21], On 2 October 2014, NetIndian reported that a new World Trade Center would be set up in GIFT City as per an agreement between World Trade Center India Services Council (WTCS) and Gujarat International Finance Tec-City Company Ltd (GIFT City). GIFT City now becomes 100 % Government of Gujarat owned entity. It is supported by state-of-the-art infrastructure encompassing all basic urban infrastructure elements along with an excellent external connectivity. 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. 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. Apply Now. Currently there are two International Stock Exchanges named 'Indian International' & 'NSE International' are operational in the city with daily turnover of approximately 5 billion US$. One click to apply for jobs; Better matching jobs for you; Get noticed by hiring companies; Create my profile. Gujarat International Finance Tec-City -GIFT offers a lively and professional work environment that fosters employee development. 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. [25], Business district under construction in Gujarat, India, Learn how and when to remove this template message, Sardar Vallabhbhai Patel International Airport, Infrastructure Leasing & Financial Services, Boost for AIF biz at Gift city as top fund administrator gets license, "Gujarat International Finance Tec-City - Global Financial Hub | GIFT Gujarat", "THE GUJARAT INTERNATIONAL FINANCE TEC-CITY (GIFT)", "GIFT makes steady progress; witnesses a 'hockey stick growth curve, "More gifts for GIFT City may stop flight of capital to Singapore", "Rs 10,500 crore investment committed for GIFT City: CEO", "Gift city may see 3-4 foreign banks set up shop soon - Times of India", "India's First District Cooling System at GIFT City: REHVA", "India News, Latest Sports, Bollywood, World, Business & Politics News - Times of India", "Ahmedabad- Metro Rail: Work on phase 2 of the project to begin in June 2020; details", "News Update 2015 | VG 2015 | Vibrant Gujarat Global Summit 2017", "30,000 jobs in next 3 years immediate priority, says Tapan Ray, MD, Gujarat International Finance Tec-city", "India's tallest proposed building Diamond Tower showcased(Video) | DeshGujarat News from Gujarat", "ABB will power up the world's biggest financial district", "Gujarat Will Buy Crisis-Hit IL&FS Stake in 'Gift City', Says CM Vijay Rupani", "IL&FS sells 50% stake in GIFT City to Gujarat govt, reduces consolidated debt by over Rs 1,200 crore", "GIFT City to begin trading in rupee-dollar in futures market", "Accor opens the first international hotel in GIFT City", "Bank of America opens Global Business Services Center at GIFT-IFSC", "Singapore firms get Gujarat International Finance Tec City (GIFT) invite - The Economic Times", "GIFT City, GCCI and World Trade Centre in pact for trade development | NetIndian", "Brigade Group to invest Rs 500 crore in GIFT City as co-developer - Times of India", "BSE to set up commercial tower at GIFT city in Gujarat | Latest News & Updates at Daily News & Analysis", "Boost for AIF biz at Gift city as top fund administrator gets license", North Western Ghats moist deciduous forests, https://en.wikipedia.org/w/index.php?title=Gujarat_International_Finance_Tec-City&oldid=994081153, Buildings and structures under construction in India, Articles with a promotional tone from May 2020, All Wikipedia articles written in Indian English, Short description is different from Wikidata, Creative Commons Attribution-ShareAlike License, Gujarat International Finance Tec-City Company Limited, Using a multimodal mix of transport systems (. Every public servicing system in each of the buildings has inbuilt intelligence in it. The entire city is based on concept of FTTX ( Fibre to the home / office ).The fiber optic is laid in fault tolerant ring architecture so as to ensure maximum uptime of services. The waste is automatically sucked through underground chutes at a high speed of 90 km/h (56 mph), and is being treated through various methods including plasma gasification. This Project by two Tower A & B , All Tower by 33 Floor Heights, read more. The 400 MW electricity supply is planned to be 99.999% reliable (about 5.3 minutes of outage per year). Gujarat International Finance Tec-City (GIFT) -A Global Financial & IT Hub. 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. A judicious combination with the latest technology and global best practices in infrastructure service delivery are in place. Investment to the tune of around INR 12,000 /- Crores have been committed in the GIFT city. Modi had said that the Gift city would become a price setter in some of the world's largest traded instruments in the next 10 years. 49A, Block 49, Zone 04, Gyan Marg, GIFT City, Gandhinagar – 382355. A double corridor metro system is being constructed to connect GIFT City to the nearby airport and various parts of Ahmedabad. GIFT employees find themselves in an intellectually stimulating environment. The Intelligent Building Management System guidelines issued by GIFT City to all developers ensures that building level services are at par with international standards. GIFT City offers 99.99 % uptime of Telecom Services since start of operations. All Rights Reserved. Hire × We have sent the verification link on. [6] The city has an integrated development model which has been spread out in three phases. Companies House Companies House does not verify the accuracy of the information filed (link opens a new window) Sign in / Register . A five star Hotel 'Grand Mercure' by one of the worlds biggest hotel chain ' Accor Hospitality' is operational in GIFT City with 95 rooms. They have been allocated 28,000 square metres (300,000 sq ft) to develop the commercial tower. This bench provides resolution of all disputes referred for International Arbitration. Gujarat International Finance Tec-City Company Ltd. Reg. Visitors : The idea for GIFT was conceived during the Vibrant Gujarat Global Investor Summit 2007 and the initial planning was done by East China Architectural Design & Research Institute (ECADI), which is credited with planning of much of modern-day Shanghai. Piece it Together. In June 2020, Government of Gujarat announced that it has bought remaining 50% shares of Gujarat International Finance Tec City Ltd. company. Indian Railways railway lines pass the city on the east and west sides; the closest stations are in Dabhoda and Naroda. I opted not to have them embroidered, but you can send them anywhere to get your logo stitched on! India's biggest real estate developer Sobha Developer is constructing premium housing in GIFT City. GIFT City is an emerging global financial and IT services hub, a first of its kind in India, designed to be at or above par with globally benchmarked business districts. Corporate gifts are an innovative way to let your clients, prospective clients, employees, and all associated with your company know that you value their association with your brand. Gift City jobs in Gandhinagar - Check out latest Gift City job vacancies in Gandhinagar with eligibility, salary, companies etc. System guidelines issued by GIFT City. 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