gujarat international finance tec-city (gift)

Gujarat International Finance Tec‐City (GIFT)

Presentation at R i l B P i S i

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Regional Best Practices SeminarManila, Philippines 29 – 30 April, 2009

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G j t’ St th

Gujarat International Finance Tec‐City

Gujarat’s Strengths

Traditional Business Community

High Growth Economy‐‐ >10 % over last five years

Pool of Trained Manpower

CAs

Commerce Graduates

Active Capital Markets‐‐Gujarat contributes 30% of stock marketActive Capital Markets Gujarat contributes 30% of stock market capitalization

Proactive Government

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Proactive Government

• Following sectors have been acknowledged as high growth for India:

Need for Finance City in India

Following sectors have been acknowledged as high growth for India:

• Financial Services

• IT/ITeS

• BPO/KPO

• As per McKinsey Study by 2020, : p y y y ,

• The sector could provide a potential 10 million to 11 million jobs• About 800 mn sq ft of office space • GDP contribution could outperform at a rate of 15 to 20 per cent p p

• Opportunities are constrained:

I f t t b ttl k• Infrastructure bottlenecks • Overcrowded Cities

• Solution: Setting up Self‐sustaining Cities

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g p g

“If India builds an

Need for Finance City in India

“If India builds an International financial center, with suitable rules and regulations the earnings out of financial sector exports will surpasssector exports will surpass that of IT”– Percy Mistry, (Fmr) World Bank

“Offshoring industry needs at least five new ‘Gurgaon’ and gfive to seven new ‘Pune plus’”

Nasscom McKinsey

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– Nasscom–McKinsey report

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Gujarat has Potential to Access a Large Financial Services Opportunity

Financial Services Opportunities

Gujarat has Potential to Access a Large Financial Services Opportunity

Estimated No f J bSr.

No. Financial Servicesof Jobs

(Thousands)Year 2020

1Core

Financial Services

Financial Services Operations 125-150

2 Financial Services Corporate Centre 100-125

Services3 Select Product Markets 10-154 Capital Markets & Trading 2-45 IT for Financial Services 200 2255 IT for Financial Services 200-2256 ITeS for Financial Services 75-100

Total 500-600

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An additional 5,00,000 indirect jobs is expected to be created by 2020

Transport

Gujarat International Finance Tec‐City Company Limited

Gujarat International Finance Tec‐City

j y p y(GIFTCL) incorporated in June 2007

50: 50 Joint Venture between

Gujarat Urban Development Co. Ltd. (GUDC) and

Infrastructure Leasing and Financial Services Ltd (IL&FS)Infrastructure Leasing and Financial Services Ltd. (IL&FS)

Share Capital: Rs. 5 Cr and PDF of Rs. 40 CrShare Capital: Rs. 5 Cr and PDF of Rs. 40 Cr

Management

4 Directors nominated by Government of Gujarat

4 Directors nominated by IL&FS

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4 Independent Directors

Location of GIFT

k f h d b d12 km from Ahmedabad

8 km from Gandhinagar8 km from Gandhinagar

GIFT Area: 550 acresGIFT Area: 550 acres

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8Master Planning

30 Building Blocks

125 Buildings

3 Landmark Buildings above 350 mt

27 Buildings above 150 mt

46 Buildings above 100 mt

3 Schools

200 Bed Hospital

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4 Hotels (~2500 rooms)

Landmark Buildings

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5 Diamond Tower1

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River front2

Convention Centre3

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Gateway Towers4

Transit Node5

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Crystal Tower6

Diamond Tower

Plot Area (Sq. Mt) 28,628

Total Area (Sq. ft) 4,286,056

- Above Ground (Sq. ft) 2,721,372

- Below Ground (Sq. ft) 1,564,684

Max Height in Meters 405Max Height in Meters 405

Max No. of Floors 86

Offi ithBuilding Use Office with support facilities

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Package – D / Diamond Tower

Gateway Towers


A (S f ) 7 184 602Total Area (Sq. ft) 7,184,602



Max Height in Meters 350


Building Use Office with support facilities

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Package – C / Gateway Towers

Transit Node





Max Height in Meters 231Max Height in Meters 231


Hotel OfficeBuilding Use

Hotel, Office &

Commercial

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Package – G / Transit Node

Crystal Towers



- Above Ground (Sq. ft) 6,502,149( q ) , ,


Max Height in Meters 276


Building Use Office with support facilities

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Package – H / Crystal Towers

Convention Centre

Package – W/Convention Centre/ Museum

Plot Area (Sq. Mt)

Total Area (Sq. ft)

Above Ground (Sq. ft)

Below Ground (Sq. ft)

Max Height in Meters

Max No. of Floors

Building Use

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214,550 6,545,388 3,548,233 2,997,165 65 16 Convention Center*

* Musuem, Auditorium, Cultural Center, Exhibition spaces with Support Facilities

River Front

Package – V1 / Dream RiverPackage V1 / Dream River

Plot Area (Sq. Mt)

Total Area (Sq. ft)

Above Ground (Sq. ft)

Below Ground (Sq. ft)

Max Height in Meters

Max No. of Floors

Building Use

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31, 540 2,493,662 216,333 2,277,329 17 4 Recreational Place with support facilities

The GIFT Real Estate Component comprises Office, Service and Residential facilities

37%

11%

19%GIFT Land use (in %)

Residential+ Commercial

Green space + Water bodies

PSP

Transpotation

BUA Component Area (Million Sq.Ft.)* In %

Residential 20.94 23%

33%Commercial 54.0 5 60%

Hotel 2.05 2%

Retail 4.78 5% 9% 1%Built-up Area

Public Building 7.49 9%

Recreation 1.02 1%

Total 91 2 100 %

23%5%

2% 9% 1%ResidentialCommercialRetailHotel

Total 91.2 100 %

60%

Public BuildingsRecreationalFor ~91 Mn. Sq.Ft., balance area is basement

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Compared to the best CBD’s of the world

Paris La Defense Tokyo London Pudong GIFT

Paris LaDefense

Tokyo London Pudong GIFT

Land use Scale (sqkm) 1.6 1.6 1.05 1.7 2.04

C t ti 2 5 1 6 1 1 4 5 8 48Construction Scale(sqm)

2.5 mn 1.6 mn 1.1mn 4.5 mn 8.48 mn

Floor-area Ratio 1.56 1.00 1.05 2.65 4.13

G b lt ( ) 40 000 120 000 50 000 363 500 517 821Greenbelt (sqm) 40,000 120,000 50,000 363,500 517,821

Height (m) 200 250 250 490 405

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GIFT Infrastructure Development Overview

Core Infrastructure

‐ Site Development

Landscaping‐ Landscaping

‐ Maintenance Systems

lTransportation & Utilities

‐ Roads and Transportation

‐ Water Systems

‐ Waste Management Systems

‐ Power Generation and Distribution

‐ District Cooling System

‐ ICT

‐ Domestic Gas Distribution

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TRANSPORT CONNECTIVITY

Transportation …………………………………………………………. (1/8)

Direct Access fromall directions

Extension of BRTSto GIFT

External planned Road Network for GIFT connectivity

MRTS Plan

• External Connectivity at 6 i t

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EXTERNAL ROAD CONNECTIVITY

points• Grade Separators to support the network

• Proposed RoW: 60-80m

Transportation ………………………………………………………. (2/8)

Extension of BRTS upto GIFT City

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BRTS Extension – 37 km

Transportation …………………………………………………………… (3/8)

• Additional link of 25 km between GIFT Airportbetween GIFT, Airport, Ahmedabad and Gandhinagar

• Transport Demand GeneratedTransport Demand Generated by GIFT between Ahmedabad & Gandhinagar

• 2.5 lakhs trips per day one way by Year 2012

• 5 lakhs trips per day one way by Year 2018

THALTEJ

KALUPUR

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Transport

TRANSPORT VISION TRANSPORT ELEMENTS

Transportation ……………………………………………………………. (4/8)

Segregating vehicular & pedestrian movement to maximum

TRANSPORT VISION TRANSPORT ELEMENTS

Surface Roads (2/4 lane – 14 km)

Recessed Roads underground (15 5Modal Split of 10:90 between private and public transport

Walk to work concept

Recessed Roads ‐ underground (15.5 km)

Intelligent Transport System

210 CCTV CamerasAiming Zero Fatal Accident City

Transit Oriented Development

210 CCTV Cameras

96 HR Cameras

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22Recessed Road

23Transportation ……………………………………………………………. (5/8)

GIFT Building Basements:

PARKING HUBS

GIFT Building Basements: Total Car parks capacity 85,000 cars

• 4 External Parking Hubs: • Total capacity of 30 000 cars• Total capacity of 30,000 cars

LOGISTIC HUB■ Serve to receive – store – distribute supplies to

the city

■ Area = 12 acreCapacity : 800 ton

Logistic Centre

LOGISTIC HUB

■ Area 12 acreCapacity : 800 ton

■ Located at junction of NH8 & main arterialroad to GIFT

■ 3 Lane entry/exit road with lay bye from NH8

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■ 3 Lane entry/exit road with lay bye from NH8

NH 8

Living Bridge:

Transportation ……………………………………………………………. (6/8)

The ‘Living Bridge’ would have a length of 600 m,8 lanes of divided carriageway with verticalsegregation of public transport and pedestrianwalkwaywalkway

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Signature Bridge:

Transportation …………………………………………………………. (7/8)

The ‘Signature Bridge’ would be approximately550m in length , have four lane dividedcarriageway with footpath on either side

Tunnel:

Total Length of Tunnel – 800m

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Transport

PRT PERSONAL RAPID TRANSPORT

Transportation …………………………………………………………. (8/8)

PRT – PERSONAL RAPID TRANSPORT

Innovative Technology

■ Automatic personal transit service■ Automatic personal transit service

■ Intelligent vehicle

■ Available on demand 24 x 7

■ Dedicated guide‐way network

■ Non stop travel direct to destination

■ Stations are offline

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Video

Water Source, Promenade and Water Front Development

Total Water Requirement : 20 MGDTotal Water Requirement : 20 MGD

Water Sources:

Narmada Main canalNarmada Main canal

Recycling and Reuse of Wastewater

Rainwater Harvesting

GIFT Master Reservoir

Concept of Zero Discharge CityConcept of Zero Discharge City

Perennial Water Front ensured through construction of three barrages on river Sabarmatico st uct o o t ee ba ages o e Saba at

Proposed Landscaped promenade at the river bank along GIFT

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C t f Z Di h Cit3 STAGES

Sewage treatment

Concept of Zero Discharge City3 STAGESStage I: Primary treatment

Screening and Degritting

Stage 2: Secondary treatment

Includes biological process to remove organic matterto remove organic matter and BOD

Stage 3: Tertiary S T

M d l D i

treatment Polish the treated sewage after secondary treatment to bring the water quality

38 MLD (8.44 MGD) capacity

Sewage TreatmentPlant

Modular DesignRecycled Water Use

Treated Water would be used for Flushing, Landscaping and as Make-up Water for AC

g q yup to the level of reuse

MGD) capacity

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Landscaping and as Make-up Water for AC Cooling Towers

Projected Waste Quantity of GIFT: 488 TPD

Solid Waste Management

Projected Waste Quantity of GIFT: 488 TPD

Minimize impact on environment, human intervention, space

requirement, impact on health hazard

Automatic Collection and Transportation System

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1. The waste is thrown into a disposal chute

2. Computer controlled access

3 Waste sucked through pipes at a speed of 90 km/hr

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3. Waste sucked through pipes at a speed of 90 km/hr

Plasma Technology would be used for Waste TreatmentVideo

Planned Captive Power Plant Capacity‐ 1000 MW

Power

Planned Captive Power Plant Capacity 1000 MW

Underground cabling for power distribution within the area of GIFT

Substation and Distribution Automation

Indoor substationIndoor substation

Reliability – 99.999% which means outage of 5 3 minutes/annumoutage of 5.3 minutes/annum

1 MRSS (Main Receiving Substation) 2 nos1. MRSS (Main Receiving Substation) 2 nos.

2. UG (Underground cabling system) 584 km.

3. ASS (Area Sub station) 14 nos.

Power Distribution Network in GIFT

4. PSS(Package Substation) 850 nos.

5. CCR ( Central Control Room) 1 nos.

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Power Distribution Network in GIFTCentral Control Centre

Centralized Air Conditioning System

District Cooling

Centralized Air Conditioning System• Conventional AC System not Required

• Efficiency through economies of scale

• Reduces energy costs by 30%• Reduces energy costs by 30%

• Reduces maintenance costs

• Improves air quality and temperature control

• Reduces noise and vibration• Reduces noise and vibration

• Total Capacity : 3.25 Lakh Ton

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Service Trenches

I t t d U d d S i T h

• 7.5 Km in length,6.5 mt height and width varying from 24 to 36 mts

Integrated Underground Service Trenches

width varying from 24 to 36 mts

• Supply of services in a sub‐surface regular grid

B ildi i h id h• Buildings to tap in the grid wherever required

• All services housed in various di i i f b f dit hdivisions of sub‐surface ditch

• No service lines aboveground• Alternate sources & technology to beAlternate sources & technology to be used for resource management –water & power in particular

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Service Trenches

Integrated Underground Service Trenches

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Information and Communication Technology (ICT)

GIFT O t ld h t f ll i ICT S i• GIFT Occupants would have access to following ICT Services

Infrastructure Platforms ServicesHigh Speed Fibre *

Network

Financial Extranets

CUG to Exchanges

Data

Voice

Diverse Local and International Connectivity

VoiceIndustry Specific Platforms

Wi‐Fi

Tier‐4 Data Centres

Business ContinuityPervasive Wireless and Mobile Network

Data Centres

City e‐Portal

Sensor Networks

IPTV Internet Gateway

Business Continuity

Security High Speed Internet AccessIPTV Internet Gateway Access

Monitoring

* About 8000 km fibre ( equivalent to Ahmedabad – Chicago Distance! )

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GIFT will exceed the ICT capabilities of comparator cities

Information & Communication Technology (ICT)

Trading Sub Sea DataMobile/Smart Faster CompetitiveOvertakingAll Fibre

Trading Platform

Sub Sea Connectivity

Data Centre

Mobile/ Wireless

1 GIFT

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DIFC

DIC

Triple PlaySmart

BuildingsFaster Set‐up

Competitive Service Provision

Overtaking "Place"

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DIC

SONGDO

New WTC – New York

Canary Wharf ‐ London

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Pudong ‐ Shanghai

La‐Defense Paris

Singapore

London Stock Exchange

Source: Study by British TelecomPoor Reasonable Excellent Not Applicable

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11 New York Stock Exchange

Tokyo

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20,000 workers can be employed during construction at peak

Construction Work Force Development

Specialized workforce required for

Construction of tunnel & Under ground roads

Construction of building having height of 300 ‐ 400 Mt

Specialized experts for Survey, Quantity & Lab testing

Installation of huge Glass work/facades

Meetings held with various stakeholders for skill set development of constructionworkforce

State Government to strengthen ITI’s

A separate institution to be set up for specialized construction work force

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Talent Development Road Map

Talent Development and Preference Study was undertaken by Hewitt Associates. Following Talent Development Road Map is recommended to match the growing

Nodal Agency

Following Talent Development Road Map is recommended to match the growing Talent Demand in the State of Gujarat.

Nodal Agency• To act as integrator for all Talent Development Initiatives• To Liaise with Education Department and Universities• To Create of Long Term Talent Development Plan

Finishing SchoolsIndustry Specific Short Term Courses for Fresh Graduates as Interim Solution– Industry Specific Short Term Courses for Fresh Graduates as Interim Solution

Training Schools– Skill Augmentation Courses for Specific Domains for Entry & Middle level Management Talent

Ed ti Cit D l tEducation City Development– Development of Education City that would offer Courses to ensure Sustainable Supply of Talent

School Education Infrastructure Development

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– Development of School Education Infrastructure in the State to ensure Long Term Talent Availability

Total Estimated Project Cost : Rs. 70,270 Cr

Project Cost and Structuring

Core Infrastructure User Pay Utilities Real Estate

Total Estimated Project Cost : Rs. 70,270 Cr

• Power Generation• Power DistributionW t M t S t

• Office• CommercialR id i l

• Site Development• Landscape• Roads

Rs.10,475Cr Rs. 25,021 Cr Rs. 34,774Cr

• Waste Mgmt System• District Cooling• Gas System• ICTP ki S t

• Residential• Hotels

• Roads• Storm Water Drainage• River Training

• Parking System

To be developed PPP basis

i h 26% i

To be developed by

/by GIFTCL

with 26% equity

by GIFTCL

occupiers /

developers

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Means of Finance

fSource of Fund Rs. Crores

GIFT Unit Fund 12,426

Strategic Investors 5,555

Debt 17,514

Developers 34 774Developers 34,774

Total 70,270

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Implementation

• Phased: 1st phase 20m sq feet• Core infrastructure 3000 croresCore infrastructure 3000 crores• Agreement with IL&FS to build 7.3 m sq’

D i d l t f• Design development for core infrastructure completed

• Proposed bond issue by June end

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gujarat international finance tec-city (gift)

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