It is being developed on 886 acres of land, of which 673 acres is in possession of GIFT. It has multi-services Special Economic Zone (SEZ) of 250 acres and domestic finance centre and associated social infrastructure on 423 acres.

The state-of-the-art GIFT city will be supported by all basic urban infrastructure comprising external connectivity by roads, metro and BRTS, Jha said.

GIFT is conceptualised as a global financial and IT services hub on the lines of globally benchmarked financial centres such as Shinjuku, Tokyo, Lujiazui, Shanghai, La Defense, Paris, and London Dockyards, he added.

The project is located on the bank of Sabarmati river and is around 12 km from Ahmedabad International Airport.

Jha said many banks and IT companies have already established their offices there.

The Gujarat government is developing GIFT city through a joint venture between its undertaking Gujarat Urban Development Company Ltd (GUDCL) and Infrastructure Leasing & Financial Services Ltd (IL&FS).
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