GIFT — Will this be the best gift to India’s growth?

GIFT – The Hi-Tech city project in Gandhinagar, Gujarat is all set to catapult India onto the global realty map. Experts analyse that this may shape the future of Urban India.

GIFT — Gujarat International Finance Tech-City is slated to be India’s test-bed for future cities. It is said to be the city for the next generation

Apparently, the new concepts tried out in GIFT, maybe widely used in smart cities of the future. Let’s find out more!

Salient Features of GIFT

* It is an international financial centre, which is developing near Gandhinagar, Gujarat.

* Area: 3.85 Sq Km

* Investments: Rs 78, 000- crore planned on infrastructure and buildings.

* Will use state of art technologies in IT, energy, waste management and other areas.

* Command and control centre: to monitor all buildigns and optimise use of energy as well as to respond automatically to emergencies and faults.

* District Cooling: Use of chilled water for cooling, This can be used easily with renewable energy and also requires less maintenance than cooling. This is already being tried in a few places like Toronto and Abu Dhabi. Its proponents say that this technology consumes 90% less energy compared with traditional air-conditioning.

* Automated Waste Collection: In this system, garbage is sorted out and then sucked away at high speed through underground tubes to a central location. It is currently being used in London, Montreal, Stockholm and Barcelona. No Indian city has these technologies yet. Automated waste collection can be combined with biomass energy generation systems, so GIFT will burn waste to generate energy.

Points to ponder

Work on the project has already begun and the project is expected to complete phase one in three and a half years’ time.

The stock exchanges of London, Tokyo and Singapore, as well as several Indian banks, have shown interest in setting up offices in GIFT.

State-of-the-art connectivity, infrastructure and transportation access have been integrated into the design of the city.

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