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HOME::INNOVATIVEPROJECTS::GIFT

Innovative Projects

Gujarat International Finance Tec-City (GIFT) - A Global Financial Hub

GIFT
Metro
SabarmatiRiverfrontDevelopment

JnNURM

GIFT city aspires to cater to Indias large financial services potential by offering global firms a worldclass infrastructure and
facilities.Itaimstoattractthetoptalentinthecountrybyprovidingthefinestqualityoflifeallwithintegratedtownships,IFSCand
multi speciality special economic zone (SEZ). The site is 12 KM from the Ahmedabad International Airport and 8 KM from
Gandhinagar.

UIG
UIDSSMT
BSUP
IHSDP
UIDSST

Infrastructure
WaterSupply
SolidWasteManagement
LiquidWasterManagement
EWS
TribalProjects
BilimoraProjects

The Growth of Indias Financial Services / ITeS Sector

ThelastdecadehasseenunprecedentedgrowthinIndiasfinancialservicessector.Itemploysover3millionpeople,constitutes

Urban Transport

about 5% of the GDP and has an estimated market capitalization of over US$ 200 billion. As India experiences continued
economicgrowth,thefinancialsectorcouldgenerateabout1011millionjobsandaGDPcontributionofUS$350to400billion
by 2020. With a sustained growth and rapid development in technology and infrastructure, an increasing share of financial
services would get centralized. McKinsey & Companys market assessment report estimates potential of about 6 million

BRTS
RoadBridge&Underbridge

Urban Development
SmartCities
Amrut
Housing

centralizedjobsacrossmultipleserviceroles.

Several developed countries have successfully established hightech financial hubs, which over time have catered as
internationalfinancialservicescenters.Thesecentersprovidesuitableregulatoryregimesandcreateabusinessenvironmentto
promotetalentandincreasecapitalflow.Astheydeveloptheycreatesignificanteconomicvaluefortheirdomesticeconomies,
e.g.LondonandNewYorkaccountfor10%oftheGDPandabout5%ofjobs.EmergingfinancialservicescenterslikeSingapore
andHongKonghaveachievedsimilarlevelsofconcentrationofeconomicactivityovershortperiodsoftime.

India's Potential: Financial Services /ITeS

Employment Potential at GIFT

FinancialServices

EstimatedNo.ofJobs(Thousands)bytheyear2020
FinancialServicesOperations

125150

CoreFinancialServices

FinancialServicesCorporateCentre

100125

SelectProductMarkets

1015

CapitalMarkets&Trading

24

ITforFinancialServices

200225

ITeSforFinancialServices

75100
Total

500600

ForMoreInformationClickhere
CopyrightUrbanDevelopment&UrbanHousingDepartmentAllRightsReserved

LastUpdateOn:31Aug2015