Gujarat Int’l Financial Tax City (GIFT City)

GIFT City is an integrated development on 886 acres of land with 62 million sq. ft. of Built Up area which
includes Office spaces, Residential Apartments, Schools, Hospital, Hotels, Clubs, Retail and various
Recreational facilities, which makes this City a truly “Walk to Work” City. GIFT City consist of a
conducive Multi-Service SEZ (Special Economic Zone) and an exclusive Domestic Area.
This City is a Vertical City which will optimize land area consumption for development. The City is located
on the bank of river Sabarmati connecting the Business capital (Ahmedabad) and Political capital
(Gandhinagar) of Gujarat State- The Growth Engine of India. GIFT City is a new Financial & Technology
Gateway of India for the World.
Infrastructure in GIFT City
Water Supply & Sewerage System:
 Water Sources:
o Narmada Main canal
o Recycling and Reuse of Wastewater
o Rainwater Harvesting
 24 x 7 Water Supply
 Concept of Zero Discharge City
 Perennial Water Front ensured through construction of three barrages on river Sabarmati
 Proposed landscaped promenade at the river bank along GIFT City.
 Water Body of 750,000 m3 capacity to enhance aesthetics and for water sports activity.
Power Infrastructure:
  GIFT Power Company Ltd., 100% subsidiaries of GIFTCL is Power distribution licensee for GIFT
 Projected Power demand of GIFT is 610 MVA.
 220/33KV Receiving Stations with Dual source of Power.
 Initially 66/33KV receiving station with Dual source of Power.
 33 kV dual feed cable distribution in Utility Tunnel to all the packages.
 Centralised Backup power feed through same network.
 State-of-the-art automation setup for Substation, Distribution, Lighting and distribution network with
real time monitoring and control.
 Gas Insulated Switchgears (GIS) substation for Sub-transmission and Distribution within GIFT city
 Building level Switching panel room with GIS switchgear inside utility tunnel connecting each
package
 Dual 33KV feed to every building from Switching panel room
 Complete Electrical infrastructure of building shall be developed and maintained by developer
Solid Waste Management:
 Automated Waste Collection System (AWS) through chute system
 Minimum Human Intervention
 Minimize space requirement
 Minimize impact on health
 Waste sucked through pipes at a speed of 90 km/hr
 Waste Treatment through Plasma Technology

The Special Economic Zone (SEZ) of GIFT City

 Creation of an estimated 500,000 direct jobs and an equal number of indirect jobs.
 Providing financial incentives, regulatory freedom and world-class infrastructure.
 World class infrastructure and unparalleled connectivity and transportation access.
 Strict adherence to environmental norms, with built-in technologies for a sustainable ecosystem.
 National and international hub of IT and ITeS companies, finance companies, commodity exchange,
global trading, insurance, offshore banking and data centers among others.

Facts and Figures: At a Glance...

 Operational SEZ Units: 66
 Average Daily Turnover on International Exchanges: US$ 1.8 billion
 Employment generated in GIFT City: 90,000 +
 IFSC Banking business as on 31st March 2020: US$ 28 billion
 IFSC Insurance business sum insured: US$ 30 billion

Tax Incentives for IFSC Units

 Nil tax for:
o Security Transaction Tax (STT)
o Commodity Transaction Tax (CTT)
o Dividend Distribution Tax (DDT)
o Long Term Capital Gain (LTCG)
o Short Term Capital Gain (STCG)
o Good & Services Tax (GST)
 10-year Tax holiday (First 5 years: 100%; next 5 years: 50%) Minimum Alternate Tax (MAT): 9% of
Book Profit.
 Govt. of Gujarat has also exempted stamp duty entities having registered office in GIFT for capital
market activities).