A dream project of PM Narendra Modi during his tenure as Gujarat Chief Minister is on its way to become India’s first Greenfield smart city. GIFT (Gujarat International Financial Tec City) is an under construction central business district in Gandhinagar spanning over 3.58 sq. km of land. The GIFT promises to be the hub for financial and IT based services housing several International banks, Stock exchanges by providing hi-tech facilities along with quality physical infrastructure to attract these firms to relocate their operations here from cities like Mumbai and Bangalore which don’t have comparable infrastructure and are expensive. It comprises of a Special Economic Zone (SEZ), integrated townships, education zone, and entertainment zone, etc. The icing on the cake is that it assures 99.999% power reliability meaning 5.3 minutes of power outage per annum. Further an automated waste collection system implies maximum resource utilization, minimal environmental impact and lesser health hazards with no waste visibility. It may seem to be just another one of other 99 planned smart cities but it’s poised to become a financial hub to match the likes of Dubai, Singapore and end India’s quest for a smart city with International standards. To put it in Ramakant Jha’s words who is MD and group CEO of the Rs 78,000 crore project, “A smart city is not just about technology. It is about smart planning, design, execution, development, operations and management.” Thus the major challenge lies ahead of the planners and authorities ensuring that the foot is set in the right place and the country makes a giant leap towards becoming an economic superpower.
For further details, please refer:
2. www.financialexpress.com/article/economy/gujarat-international-finance-tec-city-a-smart-gift/53955/
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