GIFT is conceptualized as a global Financial and IT Services hub, a first of its kind in India, designed to be at or above par with globally benchmarked financial centres such as Shinjuku, Tokyo, Lujiazui, Shanghai, La Defense, Paris, London Dockyards etc. GIFT Master Plan facilitates Multi Services SEZ with IFSC (International Financial Services Centre) status, Domestic Finance Centre and associated Social infrastructure. “GIFT SEZ Limited” has been formed by GIFTCL for development of Multi Services SEZ at Gandhinagar with the prime focus on development of IFSC and allied activities in SEZ. It is pertinent to note that the primary focus of the Multi Services SEZ will be on financial services. The core objectives of developing IFSC in GIFT Multi Services SEZ are as under-
To realize the vision of the Government of India to emerge as a major economic power by facilitating development of strong base of International Financial Services in the country.
Facilitate the implementation of the Government’s strategy for the development of a financial hub in the South Asian sub-continent.
Position the IFSC as a world-class zone for the long-term provision of office/service accommodation and high technological, economical and commercial infrastructure.
GIFT SEZ is being an integral part of GIFT Area, the design concept of GIFT Area incorporates the integration of GIFT SEZ Area with rest of the domestic area within GIFT. GIFT SEZ is divided into well defined Processing & Non-Processing areas with emphasis on integrated development such as limited residential & recreational facilities to make the area lively 24 x 7.
Multi Service SEZ – Processing Area & Non-Processing Area:
GIFT SEZ has been planned based on high density development considering the land as a scarce resource. The Global Floor Space Index (F.S.I.) of 3.65 for the entire GIFT Area to achieve the envisaged density as part of the overall approval and development of GIFT Area.