Gujarat International Finance Tec-City (GIFT)
A Global Financial Hub
"The vision of Gujarat would be incomplete without capitalising on the in-house financial business acumen. To tie-up with technology, to create a hub complete with infrastructure, to meet the needs of modern Gujarat, modern India and to create a space in the global financial world… that is my dream." Shri Narendra Modi Chief Minister, Gujarat
01
India's Potential: Financial Services / ITeS
No. of Jobs (Thousands) Value add to GDP (USD Billion) 30-35 240-250 ~1 8-10 Market Capitalisation (USD Billion) 175-190 1,150-1,250 6-7 65-75
The Growth of India’s Financial Services / ITeS Sector
How to unlock the potential?
Core Financial Services Capital Markets & Trading IT for Financial Services ITeS / BPO for Financial Services
4-5 19-20
2,750-2,900 7,400-7,600
500-600 2,000-2,200 175-225 750-850 3-4
14-18 100-120
80-90 300-350 11-16 100-150
The last decade has seen an unprecedented growth in India's financial services sector. It employs over 3 million people, constitutes about 5% of the GDP and has an estimated market capitalisation of over USD 200 billion.
As India experiences continued economic growth, the financial services sector could generate about 10-11 million jobs and a GDP contribution of USD 350 to 400 billion by year 2020. With sustained growth and rapid development in technology and infrastructure, an increasing share of financial services would get centralised. McKinsey Market Assessment Report estimates potential of about 6 million centralised jobs across multiple services. Several developed countries have successfully established hightech financial hubs, which over time have evolved as international financial service centres. These centres provide suitable regulatory regimes and create a business environment to promote talent and increase capital flow. As they develop, they create significant economic value for their domestic economies; London and New York account for 10% of the GDP and about 5% of jobs. Emerging financial service centres like Singapore and Hong Kong have achieved similar levels of concentration of economic activity in a short period of time.
India is not able to fully realise its vast potential in financial services because our cities do not have the required infrastructure. If India wants to compete with international financial hubs, our cities will have to provide global standards in infrastructure, office space, internet and telecom connectivity and lifestyle opportunities which would attract top talent. Gujarat: An Ideal Destination For Realising This Dream Time and again, Gujarat has proved itself to be one of the fastest growing states in the country with more than 10% average GDP growth during the past six years. It leads in chemicals, petrochemicals, pharmaceuticals, cement, ceramics and diamond industries. Gujarat contributes 30% to the Stock Market Capitalisation, 16% to the country's total output and 19% to exports. Recent studies show that Ahmedabad and Gandhinagar are the favoured destinations to migrate in India because of good urban infrastructure, a business friendly environment and good living conditions.
25-35
3,500-3,700
50-55 375-425
275-325 1,600-1,800
Total
10,000-11,000
2007
2020
Source: McKinsey & Company
Employment Potential at GIFT
Financial Services Estimated No. of Jobs (Thousands) by the year 2020 125-150 100-125 10-15 2-4 200-225 75-100
Financial Services Operations Core Financial Services Financial Services Corporate Centre Select Product Markets Capital Markets & Trading IT for Financial Services ITeS for Financial Services
Total
500-600
Source: McKinsey & Company
0.5 million direct job opportunities and an equal number of indirect job opportunities like health, retail, education, real estate, hospitality and support services, which will influence lives of around 4 million people directly.
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03
GIFT: Gujarat's gift to India and the world
GIFT will cater to India's large financial services potential by offering global firms, world-class infrastructure and facilities. It aims to attract the top talent in the country by providing the finest quality of life. It is estimated that GIFT would provide 5,00,000 direct and an equal number of indirect jobs which would require 62 million square feet of real estate office and residential space.
ASSOCIATES
A team of some of the best names in the business has been put together for the planning and designing of GIFT
Design and Architecture
The Promoters
To develop and implement the Project, the Government of Gujarat through its agency, Gujarat Urban Development Company Limited (GUDC) and Infrastructure Leasing & Financial Services Limited (IL&FS) have established a 50:50 joint venture Company, “Gujarat International Finance Tec-City Company Limited” (GIFTCL).
Fairwood India Pvt. Ltd. (Lead Member)
Fairwood
East China Architectural Design Institute
Consortium of Fairwood India Pvt. Ltd. and East China Architectural Design Institute
Market Demand Assessment
McKinsey&Company
Mahajan & Aibara
Jones Lang LaSalle Meghraj
Gujarat Urban Development Company Limited (GUDC)
GUDC
Infrastructure Leasing & Financial Services Limited (IL&FS)
Engineering Consultant
Talent Demand Assessment
ICT Advisory Services
GUDC is a GoG company and is positioned to facilitate urban development by assisting the state government and existing agencies in formulation of policy, institutional capacity building, project implementation, and to assist in raising funds from multilateral agencies for various projects. It would also facilitate sustainable development of urban areas, both new and existing, in order to achieve high living standards and growth of economic activities. GUDC has executed several mega projects viz. Gujarat Earthquake Rehabilitation and Reconstruction Project (GERRP), Gujarat Urban Reforms Project (GURP) and GUDA Township Project. For more details about GUDC please visit
IL&FS was promoted by the Central Bank of India (CBI), Housing Development Finance Corporation Limited (HDFC) and Unit Trust of India (UTI). Over the years, IL&FS has broad-based its shareholding and inducted Institutional shareholders including State Bank of India, Life Insurance Corporation of India, ORIX Corporation (Japan) and Abu Dhabi Investment Authority. Incorporated in 1987, the business architecture of IL&FS focuses on providing services in development of Core Infrastructure Areas suitably complemented with an array of Financial Services. The various businesses are conducted through subsidiaries with IL&FS being a principal shareholder in each. For more details about IL&FS please visit http://www.ilfsindia.com
Hewitt
British Telecom
Infrastructure
IL&FS Infrastructure Development Corporation Limited
Environment
IL&FS Ecosmart Limited
MULTI-LEVEL CAR PARK
http://www.gudcltd.com/
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05
GIFT: The Magnificent Coliseum in Making
Recognising the potential of the State as a centre for the financial services industry, the Government of Gujarat formulated GIFT to realise this vision. The land of Central Finance Business District (CFBD) will subsequently be expanded and surrounded by Institutional Areas, Knowledge Parks and Integrated Townships. The CFBD is presently implemented in 886 acres of land. The project is an ideal blend of high quality residential, commercial and social facilities that optimise land and real estate values, global connectivity and gen-next infrastructure.
GIFT's proposition includes the following:
l
The Location
The project is located on the bank of the Sabarmati river and is around 12 km from Ahmedabad International Airport. GIFT is easily accessible from all directions through 4-6 lane State and National Highways.
Gandhinagar
Robust urban planning
l Urban form and façade, attractive skyline l Concept of self-sustainable city l Intelligent transportation system l District cooling system l River front l Technology backbone for a tech-finance hub l Data centres l Energy conservation measures, low per capita energy consumption l Comprehensive water management plan l Integrated township with the best of social and physical infrastructure l Talent development programme
Ahmedabad
SABARM ATI RIVE R
Railway Station
GANDHINAGAR
SACHIVALAYA
INFOCITY NID
SHAHPUR BRIDGE SHAHPUR CHAR RASTA
CITY PULSE
AIRPORT ROAD
GIFT SITE
KOBA CIRCLE
VAISHNODEVI CHAR RASTA
SAR
DAR
PAT EL
RIN
OAD
AHMEDABAD
GR
OAD
NARMADA MAIN CANAL
GR
SAR DAR PAT EL
RIN
INDIRA KALOL KOBA TEEN RASTA GANDHI ROAD
OAD
S. G. R
SABARMATI RAILWAY STATION SARDAR VALLABHBHAI PATEL INTERNATIONAL AIRPORT KALUPUR RAILWAY STATION NARODA ROAD
THALTEJ
HELMET CHAR RASTA
GIFT OFFICE
N. H. 8
132
IN FT R
A G RO
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SARKHEJ CIRCLE
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PR
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N.
SARDAR PATEL R IN G ROAD
H. 8
SH
IGH
WA Y
SARDAR PATEL RING ROAD
N. H. 8A
PROPOSED MRTS ROUTE PROPOSED BRTS ROUTE
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07
Business Structure
GIFT Project
Master Plan
Towards Shahpur
Utility
Proposed road
RPW II
RPW IV
RPW VI
Proposed road 80 m
Proposed road 80 m
RPW VII
Activities In Multi-Service SEZ
Central Park Utility
rds wa n To ysa Ra
RPW VIII
Utility
PROCESSING AREA
l International Financial Service Centre (IFSC) l International Techno Park and International Market Zone l Commodity Exchanges l Global Trading Exchanges l Insurance l Offshore Banking l IT / ITeS l KPO, BPO Services l Data Centre
NON-PROCESSING AREA
l Related Commercial & Office Buildings l Serviced Apartments & Residential Flats l Hotels & Restaurants and Food Court l Business Hotel, Shopping Centres, Retail Stores and Banks l Training Centre for Financial Services l Medical Centre l Entertainment Centre & Theatre l Regulator's Offices
SOCIAL FACILITIES
l Schools (International and CBSE) l Clubs l Hotels l Exhibition Centre l Hospital l Training Centre (Language School) l Affordable Housing
80 m
CPN II
Gyan Utility Marg
CPN I B MLP I CPN I MLP II MLP VII
Samr udh Marg hi Vitth Station
Utility
B&IE IV CPN III
CPN IV
S
Utility
ICE I Logistic area + MLP- VI IEE I IB&IE I Shram Marg
RPE III RPE IV Logistic area
A
B
S
A
A
B
T
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E
T
DT
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Utility TE CPS II
Na
V
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ath
CPS I
Astha Marg
B&IE II B&IE I
da
WFD
ba
Utility
d
WTC B&IE III
me
Exh ib Sta ition tion
m
m
30
EE I C&EC I
MLP V
60
To w
ar
Helipad
ds
MLP IV
Ah
C&EC II
ru Mar dhhi g
WFD
CE II CE I
Sam
Shakti Setu (Road Bridge ) Sahan Setu (MRT Bridge )
Utility
Utility
80 m
MLP : Multi level Parking
Land Use
The development of CBD projects can be classified into three types: • Commercial: Includes Retail, Restaurants, Hotels, Offices and other associated facilities • Social Facilities: Includes Convention Hall, Exhibition Spaces, Schools, Medical, Entertainment and Cultural facilities • Residential: Includes Apartments and Residential Buildings
34% 28%
Land Use Distribution
Zone Delineation
1
Helipad
2
International Corporate Cluster
tio
I
F
R
WFD
na
R
E
R
IB&IE II
Utility
Legend
GIFT Area Boundary Commercial Residential Institutional Utilities Transportation Water bodies Green area GIFT SEZ Boundary Metro Line
lH
I
I
V
Club
igh
A
T
RPE II
I
WFD
ITE
MLP III
wa
M
M
A
Utility
IEE II
an Udy
RPE I
y-
R
R
ICE II
Utility
8
A
Tapas Udyan
30
m
3
International Exchange Cluster
4% 24% 5%
2 3
4
18 17 16
5%
International Banking & Insurance Cluster
5
International Technology Cluster
6
Technology Cluster
Built-up Area Distribution
11% 22% 67%
7
4 5
"TAPAS" Udyan
Commercial Social Facilities Transportation
Residential Utilities Green & Open Spaces
1 12
15
Banking and Insurance Cluster
8
Exchange Cluster
9
Exhibition Parking 1
6 7 11 8 9
10
14
Corporate Cluster
11
Global Trade Centre
12
Diamond Tower
Total Land Area : 358.55 Ha (886 acres)
13
13
Exhibition Parking 2
14
Corporate Park South
15
Residential Park South
BUA Component
Commercial Residential Social Facilities
Area (million square metre) 3.90 (42 million square feet) 1.30 (14 million square feet) 0.56 (6 million square feet)
10
Total Built-up Area : 62.0 million square feet
08
Commercial Residential Social Facilities
16
Residential Park North
17
Corporate Park North
18
Vanijya Parking 1 & 2
Towards Himmatna gar
Multi-Service SEZ with IFSC
Domestic Finance Centre / Corporate Office / Trade Centre
Associated Infrastructure, Housing and Social Facilities
RPW III
Proposed road 80 m
30 m
NH-8
RPW I
Towards Ratanpur
Proposed road
tion Sta
S a m ru d d h
Sar
Dia mon d St atio n
ova r
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The Visionary Skyline
A necklace of artistically designed high-rises with their glittering glass facades located on the curve of the Sabarmati River will provide GIFT its unique skyline.
500 M 400 M 300 M 200 M 100 M 0M 500 M
The Iconic Buildings The Iconic Buildings
The Diamond Tower
It will be located on the Fortune Island. The height of this tower will be > 400 m and shall house 80 floors. Ambience and location of the signature building has been designed extraordinarily to stand out in the city fabric.
The Gateway Towers
They (each 362 m high) will anchor strategic street intersections which mark entrances to the city from public arterial streets. The building is a key element creating an identifiable area for the city axis.
The Crystal Towers
The glowing Crystal Towers will be one of the most beautiful buildings of the city skyline. The four office Crystal Towers will have beautiful terrace gardens and will offer a spectacular view of the Dream River, Diamond Tower and the Convention Centre.
410 M
400 M 300 M 200 M 100 M 0M
Entertainment Area
Designed to woo, mesmerise and entertain the visitors, the Entertainment Area will include restaurants, craft bazaars and leisure activities to provide an evening of fun and relaxation in a serene ambience.
Exhibition Centre
The façade shading louvers will have a form inspired from symbols and patterns used in traditional Indian architecture. Enchanting and organic curves will come out of tall straight vertical lines, metaphorically reflecting a Bodhi tree rising straight from the ground, growing to form a pattern of branches. The magnitude and strength of the towers will be maintained along with the rhythm and sensuousness of the curve to achieve a unique aesthetic effect. Exhibition Centre envisions a vibrant new experience of modernity with traditional idioms. The block will become the cultural hub of the city as it emotes the lifestyle of the community. Exhibition Centre will connote a global expression providing satisfactory sensory experience for both users and visitors that is a hallmark of good design.
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11
External Transport Connectivity
The GIFT area will be accessible from NH-8 (Delhi to Mumbai). Railway line passes by the site on the west (to Delhi) and east (to Himmatnagar). The distances from Gandhinagar and Ahmedabad Core City are 8 kms and 12 kms respectively. GIFT will be regionally connected with places, which will open doors for further development and prosperity of the city. To achieve the transport vision & objectives, public systems such as Bus Rapid Transit System (BRTS) and Metro Rail System connecting the capital city and Ahmedabad have been planned by Government of Gujarat with strong network of roads.
METRO CAR SHED
GANDHINAGAR
RM I AT RI
VE
R
SA
BA
AIRPORT ROAD
GIFT
N. H
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TRANSPORT
KOBA CIRCLE NARMADA MAIN CANAL
TRAVELATORS
S. G
. RIN
GR
OAD
AHMEDABAD
OAD
SABARMATI RAILWAY STATION SARDAR VALLABHBHAI PATEL INTERNATIONAL AIRPORT KALUPUR RAILWAY STATION
GIFT has been designed with considerations of Transit Oriented Development and high FAR, hence the strong connectivity through various systems have been envisaged to connect it with Ahmedabad and Gandhinagar. GIFT has been planned and designed for more than 1 million direct and indirect employments. This will have a huge impact on transport requirements considering the number of trips that would be generated to and from the city.
N. H. 8C
S. G. R
EX
PR
ES
SH
IG
HW AY
N.
SARDAR
H.
RI PATEL
NG RO
8A
AD
N. H. 8
MRTS BRTS
METRO CORRIDOR
ROAD NETWORK
EXTERNAL CONNECTIVITY
Transport
Vision Transport Elements l Surface Roads (4+4 lane) l Pedestrian pathways and emergency vehicle roads l B r i d g e s ( S a b a r m a t i R i v e r, Samrudhi Sarovar and Pedestrian) l M a s s Tr a n s p o r t S y s t e m (BRTS*/MRTS**) l Travelators l Intelligent Transport System l Transportation and Logistic Nodes Custom Gates and Logistics Centre l Will serve to receive – store – distribute supplies to the city l To prevent entry of hazardous goods/chemicals and HMV l To provide all facilities like; parking, boarding, fuel station, etc.to visitors,transporters, tourists, commuters, etc. l Segregating vehicular and pedestrian movement l Envisaged Modal Split of 90:10 between public and private transport l Effective & convenient public mode of transport l P l a n n i n g Tr a n s i t O r i e n t e d Development where people walk to work l Combination of modes along main spines – linking city within and outside l Aiming at Zero Fatal Accident City
S.
G.
H HIG
Y WA
GANDHINAGAR
DHOLAKUVA CIRCLE
SHAHPUR BRIDGE
GANDHINAGAR
CITY PULSE
RAYSAN CIRCLE RAYSAN ROAD
GIFT
GIFT
AIRPORT RO AD
PDPU CIRCLE
TOWARDS GANDHINAGAR
* Planned by Ahmedabad Municipal
Corporation (AMC)
TO KO WAR BA DS VIL LA G
E
TO AD WA AL RD AJ S
**Planned by GoG
R
TOWARDS AIRPORT
H.
ATI RIVE
ATI RIVE
R
KOBA CIRCLE
DS AR A W ER TO OT M
KOBA CIRCLE
8
N.
SABARM
PATE L
RING
ROA
D
SABARM
SAR
DAR
N. H
.8
Multi-Level Parking Hubs l At strategic location l Internal MLP Hubs – 50,000 ECS Capacity
NARMADA MAIN CANAL
NARMADA MAIN CANAL
AHMEDABAD
AHMEDABAD
Integrated Urban Transport System The vision for transportation which shall be the lifeline of GIFT can be achieved through a well defined and Integrated Urban Linkage System which can efficiently serve such a dense development.
SARDAR
INDIRA BRIDGE
NG PATEL RI
MRTS PHASE-I MRTS PHASE-II SARDAR VALLABHBHAI PATEL INTERNATIONAL AIRPORT MRTS PHASE-III
SARDAR VALLABHBHAI PATEL INTERNATIONAL AIRPORT
EXTERNAL ROAD CONNECTIVITY
ROAD
MRTS CONNECTIVITY
12
13
Infrastructure
Raw water intake
Information and Communication Technology (ICT) Water Supply and Sewerage System
Water with sludge
Reservoir
Waste water
STP
l Water Sources: l Narmada Main Canal l Recycling and Reuse of Wastewater
Will create leading-edge infrastructure, services and platforms that will offer financial services enterprises a significant competitive advantage to operate regionally and globally. GIFT occupants would have access to following pre-enabled on demand ICT services:
Sludge Waste
WTP
Filtered water
RO Plant
Waste water
Makeup for Water Bodies
l Rainwater Harvesting
Horticulture
Domestic uses
Waste water
Waste water
Softening Plant
l 24 x 7 Water Supply l Concept of Zero Discharge City l Proposed landscaped promenade at the river bank along GIFT
Cooling Tower
Flushing Water
Power
l Total Demand : ~ 740 MW l Underground cabling for power distribution within GIFT
Infrastructure • High speed fibre network • Diverse local and international connectivity • Pervasive wireless and mobile network • Data centres
l Saving on building management system l Saving on total build cost l Saving on operational expenditure
l Substation and distribution automation
Smart GIFT
l Integration of building infrastructure system & technology. l Real time performance of building & systems. l Infrastructure Management & optimisation of costs. l Upgrading quality of built up environment & ensuring occupant safety, security & comfort. l Immediate Emergency Response for Disaster/Crisis Management
l Indoor substations l Gas Insulated Switchgears (GIS) substation for sub-transmission and distribution within GIFT city l Compact substation (CSS) in buildings
Platforms • Financial extranets • CUG to exchanges • Voice • Industry specific platforms • City e-portal • Sensor networks • IPTV • Internet gateway Services
GIFT Command & Control Centre
GIFT Infrastructure for Services
Building level Command & Control Centre
Building Level
Samrudhi Sarovar & Waterfront Development
l 1 km length and 7 m depth l Width varying from 82 m to 160 m l Artificially created concrete Storage Reservoir for meeting daily water demand of GIFT l Designed for 15 days drinking water storage l Water Body of 0.75 million m capacity to enhance aesthetics and for water sports activities
3
• Data
Utility Trench
l All infrastructure networks (trunk) shall pass through a common utility trench l Space optimisation l Ease in maintenance l Safe operations
• Voice • Wi-Fi • Tier-IV data centres • Business continuity • Security • High-speed internet access • Monitoring
“Best in Class” Customer Experience
Gateway to Financial Markets
Solid Waste Management District Cooling System
l Automated Waste Collection System (AWS) through chute system l Minimum human intervention l Minimises space requirement l Minimises impact on health l Waste sucked through pipes at a speed of 90 km/hr l Waste Treatment through Plasma Technology l Efficiency through economies of scale l Reduces energy costs l Reduces maintenance costs l Improves air quality and temperature control l Reduces noise and vibration l Total Estimated Capacity : ~ 1.0 Lakh TR
Pre-enabled on demand Infrastructure
Secure & Resilient ICT Environment
Cost-effective ICT
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15
Implementation Framework / Opportunities
Public Private Partnership (PPP)
In line with PPP philosophy, the Project encourages significant private sector participation.
GIFT in Making
Image of 1st Building
Corporate Social Responsibility
Talent Development To upgrade the identified skill gaps, a dedicated programme involving private sector participation is being pursued by setting up the following entities / programmes: l l l l l Nodal agency for talent development Finishing schools Training schools Education city development School education and infrastructure development
Unbundling the Components
Infrastructure Site development and infrastructure would be contracted out by GIFTCL inducting the latest in construction technology. Utilities Special Purpose Vehicles (SPVs) have been setup to implement the critical utility components through major private sector participation. l l l l l GIFT District Cooling Systems Limited GIFT Water Infrastructure Limited GIFT Waste Management Services Limited GIFT Power Company Limited GIFT ICT Services Limited
Real Estate GIFT will offer real estate packages in the form of shell, furnished, plug and play or press and play spaces. Uniformity of design and aesthetics would be maintained. To facilitate developers, GUDC has been designated as the single-window Area Development Authority. A separate building code is being written for GIFT.
16
SA BA RM
AT IR
IV ER
GANDHINAGAR
SACHIVALAYA
INFOCITY NID
SHAHPUR BRIDGE
SHAHPUR CHAR RASTA
CITY PULSE
AIRPORT ROAD
GIFT
KOBA CIRCLE
KALOL KOBA TEEN RASTA
INDIRA GANDHI ROAD
N.
H.
AHMEDABAD
NARMADA MAIN CANAL
8
Gujarat International Finance Tec-City Company Limited 3rd Floor, 'A' Wing, Khanij Bhavan, Near University Ground, 132 feet Ring Road, Vastrapur, Ahmedabad 380 052, Gujarat, INDIA Tel: +91 79 30018300 / 30018321 | Fax: +91 79 2791 2516 E-mail:
[email protected] www.giftgujarat.in
Disclaimer: The information and plans provided in this brochure are purely indicative in nature. The representation of the plans are an artist's impression and the dimensions of structures are not entirely to scale and may change / alter in future.
SARDAR
SARDAR VALLABHBHAI PATEL INTERNATIONAL AIRPORT
N PATEL RI
G ROAD
N.
H. 8