Recognizing the potential of the State as a Centre for the Financial services industry, the Government of Gujarat formulated a mega project to realize this vision. Thus, land between the commercial capital of the State, Ahmedabad, and the Administrative Capital of the State, Gandhinagar, was identified for the development of a Central Business District (CBD).
The City is planned on 886 acres of land with 62 mn sq. ft. of Built Up Area which includes Office spaces, Residential apartments, Schools, Hospitals, Hotels, Clubs, Retail and various Recreational facilities and has been named as the Gujarat International Finance Tec-City (GIFT).
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. It is supported by state-of-the-art infrastructure encompassing all basic urban infrastructure elements along with an excellent external connectivity. Companies from Financial Services, Technology and all other services sector will be targeted as potential occupants within the city.
GIFT City is changing the economic face of Gujarat and would keep India on the global map as Centre of excellence in the Financial & IT/ITeS Services domain.
GIFT Power Company Limited is a Distribution Licensee for supply of Electricity in GIFT area. GIFT City receives power from two different sources at 66 kV voltage level and distribute redundant power to each building at 33 kV voltage level. GIFT PCL had achieved power reliability of 99.99%. Company’s vision is to be recognized as one of the reliable, efficient and competitive Power Distribution Company.