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India’s first operational Smart City and IFSC, Gujarat International Finance-Tec City (GIFT City), has won four awards at CMO Asia 2017 on Wednesday in Singapore.
GIFT City was honoured in all 4 categories namely - Best Smart City Initiative, Environmentally Sustainable City, Smart Infrastructure and Best Use of CSR practices.
The Asia Smart City and Best CSR Practices Awards are Asia’s highest recognition of corporate organisations covering almost 41 Countries. CMO Asia is dedicated to high-level exchange through leadership and networking amongst CMOs and brand decision makers across the industry segments, said Ajay Pandey, MD and Group CEO, GIFT City, here.
GIFT City is included among the Government of India's Smart City Mission Statement as a model city in green-field category for development of 100 smart cities in India.
Termed as India’s first ‘Operational Greenfield Smart City,’ GIFT City encompasses world-class infrastructure facilities many of which are being introduced in India for the first time. These include a city-wide underground Utility Tunnel (wherein vehicle can travel for all utility maintenance works requiring no further digging work), District Cooling System (centralized cooling system for the city), Automated Waste Collection System (India's first automated collection and segregation of organic and inorganic waste), City Command and Control Centre (single management point for the entire city) and potable drinking water supply across the city.
It is a Government of Gujarat project in partnership with IL&FS to develop India’s first global financial hub. GIFT is India’s first multi-service SEZ with International Financial Service Centre (IFSC) status which is catering to the country's large financial services market by offering global firms world-class infrastructure and facilities.
It is estimated that GIFT would provide 500,000 direct and an equal number of indirect jobs which would require 62 million square feet of office and residential space. Like other leading global financial centres, GIFT will target a 6-8% share of the financial services potential in India.
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