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Gujarat International Finance Tec City

A Global Financial Hub

Demand For Financial Services In India

Significant Potential: Financial Services Sector transformed over the last decade Sector contributes significantly to the Indian economy

Employs over 3 million people


Represents around 5% of the GDP Estimated market capitalisation of over US$ 200 billion Offers distinct kinds of opportunities across several product markets

Given India's continued economic growth, the financial sector will grow increasingly larger, with a prospect of 10 to 11 million jobs by 2020.

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 surpass that of IT

Percy Mistry, (Fmr) World Bank

Offshoring industry needs at least five new Gurgaon and five to seven new Pune plus

NasscomMcKinsey report

Financial Services Centres Contribution

Financial Hubs
London New York

Share Of GDP 9 10

Jobs Share
5.2 5.4

Hong Kong
Singapore Zurich Franfurt Sydney Tokyo Dubai Channel Islands Luxemburg

13
12 10 5 8 20 11 60 30

5.5
5.2 4.0 5.0 4.0 10.0 N/A 30.0 10.0

Source: IFSL; UK

% share

Financial Services Will Continue To Contribute Significantly To The Indian Economy


No. of Jobs (Thousands) Core Financial Services Value add to GDP (USD Billion) Market Capitalisation (USD Billion)

2,750-2,900 7,400-7,600 4-5 19-20 500-600 2,000-2,200 175-225 750-850 3,500-3,700

30-35 240-250 0 -1 8-10 14-18 100-120 3-4 25-35 50-75 375-425

175-190 1,150-1,250 6-7 65-75 80-90 300-375 11-16 100-150 275-325 1,600-1,800
Source: McKinsey & Company

Capital Markets & Trading

IT for Financial Services

ITeS/ BPO for Financial Services

Total

10,000-11,000
2007 2020

*Value Add defined as PAT + operating expenses; **Includes Institutional equities, investment banking, private equity and hedge funds; does not include retail brokerage which has a potential of 1 million jobs by 2020

India Desperately Needs New Cities Which Can Thrive On Sustainable Sectors

OPPORTUNITY India is a great Growth Story


with

CONSTRAINTS Infrastructure Bottlenecks Crumbling Urban Infrastructure


Innovative way to overcome these constraints

But is stifled with problem of

Strong Urbanization Trends


TOP OF THE MIND SECTORS

SOLUTION
Setting up Self - sustaining Cities
Which are

Auto Ancillaries Textiles Gems & Jewellery Manufacturing Financial Services IT/ ITES BPO/ KPO

Driven by High Growth Sectors Which are expected to

The sector could provide a potential 10 to 11 million jobs About 800 million sq. ft. office space GDP contribution at rates of 15 to 20 %

Witness growth of at least 10% in next 10 years Have potential to earn both domestic as well as international income Have potential to attract and retain talented people

Building A Successful Financial Services Centre

DEFINING A SUCCESSFUL FINANCIAL SERVICES CENTRE A Successful Financial Services Centre Has Six Key Building Blocks: Rational legal regulatory framework Attractive, sustainable local economy Stable political environment Highly developed infrastructure Strategic geographic location Good quality of life

Why Gujarat?

GUJARATS 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 market capitalisation Proactive Government 43% urban population envisioned to be 50% by 2015

KEY COMPETITIVE FACTOR

People - Gujarat has an adequate employable pool and offers high potential for inward migration Business Environment - Gujarat has demonstrated successfully its forte of providing conducive business environment General Competitiveness - Overall, the state stands tall

Presentation Structure

Gift: The Value Proposition

The Value Proposition

Gift: A Global Financial Hub

Globally benchmarked International Finance Centre

Strategically located
Central business hub Targeting Financial Services &

IT/ITeS sectors
First of its kind development in scale, scope and quality

State-of-the-art infrastructure

Defined Positioning
The Concept
GIFT Aspires To Catalyse Indias Largest Financial To target 6-8% of financial services potential in India

Services Potential By Offering World-class


Infrastructure To Attract Top Talent In The Country

Creation of 1 million direct & indirect jobs

Up to 90 million sq. ft. of real estate office and residential space

Financial services operations Core Financial Services Financial services corporate centre Select product markets Capital Markets and Trading IT Services ITeS/BPO Services
Source: McKinsey Analysis

GIFTs Target Business Segments


1. National Financial services operations hub 2. Regional/functional headquarters for financial services players 3. National headquarters for players 4. Private Banking hub for NRIs/ Regional HNWs 5. International microfinance hub 6. International commodity trade hub 7. Participation in global capital markets

Would require about 800 million sq. ft. of office space all over India GIFT aspires to capture a modest 6% to 8% share of these categories Ancillary and support services would add similar job opportunities

8. Global Hub for IT services for Financial services sector


9. Global Hub for BPO services for Financial services sector

Promoters: Public Private Partnership


AN OPPORTUNITY A PRO-ACTIVE STATE GOVT. IL&FS

Booming demand in Financial & IT Services Sky-rocketing cost of business operations in metros Unplanned International Finance Centre (IFC)

Govt. of Gujarat (GoG) initiatives Fastest growing State

A premiere institution with a proven track record Pioneer in launching infrastructure projects on a PPP model

Government of Gujarat
Through

Gujarat Urban Development Company Limited (GUDC)

&
Infrastructure Leasing & Financial Services Ltd. (IL&FS)
Incorporated Gujarat International Finance Tec-City Company Ltd. (GIFTCL) on 21st June, 2007

Gift : Value Propositions

Gujarat: Ideal Destination Aesthetics Strong Promoters / PPP

Global Benchmarking

GIFT

Defined Positioning

Integrated Development Partners in Progress

Strategic Location

Integrated Development

Residential Housing Projects:


Well-planned residential housing projects Walk-to-work layouts

Technology:
Broadband FTTP WiFi / Wimax Shared IT Services Global Connectivity

High Rise Business District:


Benchmark office, high-rise district to be created with landmark buildings

Social Infrastructure:
Educational Institutes to be established International schools for primary education Privatised hospitals with infrastructure to be established

BEST PRACTICES IN URBAN GOVERNANCE

Basic Infrastructure:
Uninterrupted and highly reliable power supply (99.999%) Next generation water & waste management, district cooling

Overall Connectivity/ Transport:


External Connectivity includes MRTS / BRTS/ Roads Public-Private Modal Split 90:10 Personalised Rapid Transit (PRT) System

Retail Cum Entertainment Hubs:


High quality entertainment malls to be set up Over 60% of the space is planned to be green

Globally Benchmarking

Paris (La Defense)

Tokyo (Shinjuku)

London (Dockyards)

Pudong (Lujiazui)

GIFT

Paris (La Defense)

Tokyo (Shinjuku)

London (Dockyards)

Pudong (Lujiazui)

GIFT 3.58 8.5 1183 410

Land Area (sq km)


Construction Scale (in mn sq m) Greenbelt (in thousand sq m)

1.6
2.5 40

1.6
1.6 120

1.05
1.1 50

1.7
4.5 363

Height (m)
Source: ECADI/Fairwood Consultants

200

250

250

490

In terms of scale and sheer physical scope, GIFT is being designed to be at or above par with presently acknowledged globally benchmarked International Financial Centers (IFCs)

Strategic Location - India / Gujarat

Centrally located in the state of Gujarat in Gandhinagar 12km From Ahmedabad International Airport

On the bank of River Sabarmati

GIFT : A Trigger For Development

GIFT a much needed trigger for development and not a stand-alone real estate About 3,000 acres earmarked for GIFT Expansion Zone around

GIFT
Integrated Townships to be developed in surrounding development zone of 100 SQ KM To be regulated by a dedicated Area Development Authority ensuring singular control for coherent and sustainable development

Master Plan Area : Gift Will Spur Development In The Region

Integrated Townships

GIFT Expansion Zone GIFT

Knowledge City

GIDC CONVENTION CENTRE

RIVER FRONT DEVELOPMENT

GIFT: Bird Eye View

Project Overview

GIFT Project

GIFT Business Structure


Multi Service SEZ

Domestic Finance Centre/ Corporate Office/ Trade Centre

Associated Infrastructure, Housing and Social Facilities

GIFT : SEZ - Area Distribution

Zones SEZ PA SEZ NPA TOTAL (SEZ) DTA GRAND TOTAL

Area 52.81 Ha (130.5acres) 52.81 Ha (130.5 acres) 105.62 Ha (261 acres) 252.93 Ha (625 acres) 358.55 Ha (886 acres)

GIFT : SEZ

SEZ
Fiscal incentives Regulatory freedom Supportive infrastructure

Leading to

Increased investment; both domestic and foreign Increased exports Large scale developments Low cost manufacturing hubs Employment generator for skilled and unskilled workforce

Multi Service SEZ - Processing Area & Non Processing

PROCESSING AREA
International Financial Service Centre (IFSC) International Techno Park & International Market Zone Commodity Exchanges Global trading exchanges Insurance Offshore Banking

NON-PROCESSING AREA
Related Commercial and Office Buildings Service Apartments & Residential Flats Hostels and Restaurants and Food Court Business Hotel, Shopping Centre, Retail Stores and Banks Training center for Financial Services

Medical Centre
Entertainment Centre/ Theatre Post Office, Telephone Exchange, Police Station, Security, etc.

IT/ ITeS
KPO/ BPO services Data Centre

Regulators Offices

Enclaves And Social Facilities

ENCLAVES

SOCIAL FACILITIES
Schools (International and CBSE)

Domestic Banking and Insurance Enclave

Clubs
Hotels Convention Centre Exhibition Centre Hospital Training Centre (Language School) Low Income Housing

Domestic Technology Enclave


Domestic Exchange Enclave Domestic Corporate Enclave Diamond Tower World Trade Center

GIFT: Predominant Landuse

Building Use Commercial : 67% Residential : 22% Social : 11%

GIFT: Master Plan


Total Land Area: 886 Acres (358 Ha) BUA (above ground) : 62 mn.sq.ft. BUA (below ground) : 14 mn.sq.ft. Total BUA : 76 mn.sq.ft. Additional 30 Million to be developed after removal of height restriction

GIFT: First Phase Master Plan

Regional Connectivity - Master Plan

GANDHINAGAR

AHMEDABAD INTERNATIONAL AIRPORT

Landscape and Urban Design


Picturesque Landscape Each open space to have a distinct identity and name Hierarchy of open spaces Streetscape defining roads Pleasant walking experience Forum for social interaction Invigorating Urban Character Activity nodes interconnecting buildings and enclaves Active street frontage Planned space to street vendors A.C. elevated walkways Humanization of spaces
Grand Plazas The central Axis Boulevard Building/ Terrace greens Pedestrian friendly Interactive water features

Delightful vistas
Food streets & street bazaars

Green plazas (Activity Nodes)

GIFT Superlative Business Environment


Competitive business setting

World Class Business Hub 24 x 7 global business environment in SEZ Indigenous pool of human resources
Office spaces of distinction

Opulent office spaces Robust infrastructure High end residential facility for executives Grouping of similar types of business to create favorable environment Simplified approval procedure for development

Variety of Recreational Spaces


TOD makes GIFT compact &
Night View of GIFT High rises overlooking green & blue

walkable

Corporate Retreat
24x7 facilities at door step
World class convention centre

Cafeteria Easy Shoppe Recreational amenities Gymnasium Exhibition Hall Convention Centre Golf Course Clubs Sports facilities

High end showrooms

Active retail spaces

Cafeteria

Gymnasium

Sports Complex

GIFT Infrastructure Physical and Social


Integrated infrastructure for better diversity Technology ensuring energy conservation All utilities /services to be coordinated through single agency

Physical Infrastructure o Site Development o Landscaping o Maintenance Systems o Roads & Transportation o Water Systems o o o o o ICT Power Generation & Distribution District Cooling System Domestic Gas Distribution Waste Management

Social Infrastructure o o o o o o Hospitals Schools Socio-cultural facility Recreation spaces Public amenities Utility kiosks

Transport Vision

High share of public transport


Conflict free traffic movement Transit oriented development Combination of external and internal

mass movement systems to achieve the


transport hierarchy

Intelligent Transport System Aiming for a zero-accident city Multi Level Car parking along Arterial Roads Pedestrianised Oriented Internal Movement

External Transportation

Grid of six external gateways from NH-8 and State Highway / GoG Gandhinagar Bus Rapid Transit System (BRTS) being extended to GIFT : Ahmedabad Municipal Corporation

GIFT

Metro Rail Transport System (MRTS) being extended to GIFT: GoG


Transit Node

Ahmedabad

Airport

Parking / Logistics Hubs

Internal Transportation

500 mtrs

GIFT ICT

GIFT Vision

Create a world class financial city by offering an unrivalled business environment to global and local financial services enterprises.

GIFT ICT Vision

Create leading-edge infrastructure, services and platforms and offer financial services enterprises a significant competitive advantage to operate regionally and globally

Best in Class Customer Experience

Gateway to Financial Markets

Cost-effective ICT Secure & Resilient ICT Environment

Pre-enabled on demand Infrastructure

GIFT ICT Vision

GIFT Occupants would have access to following ICT Services

INFRASTRUCTURE

PLATFORMS

SERVICES

High Speed Fibre Network Diverse Local and International

Financial Extranets CUG to Exchanges Voice Industry Specific

Data Voice Wi-Fi Tier-4 Data Centres

Connectivity
Pervasive Wireless and Mobile Network Data Centres

Platforms
City e-Portal Sensor Networks IPTV Internet Gateway

Business Continuity
Security High Speed Internet Access Monitoring

GIFT Intelligent Buildings

Intelligent Buildings Provide a technologically advanced financial services gateway to national and global financial markets Create an integrated city blueprint Create global customers Immediate Emergency Response for Disaster/Crisis Management Enables creation of GIS platform for monitoring of services Wide range of connectivity

24% saving on building management system 4.5% saving on total build cost 36% saving on operational expenditure

Fire Safety Measures

State-of-the-Art Fire detection System Adequate Provision in the building for quenching of fire Provision of adequate logistics and fire fighting system at city level conducive to high-rise building Adequate system

and

effective

evacuation

PROJECT IMPLEMENTATION

Project Phasing

PHASE 1: Infrastructure

Pre Construction Site Development Physical Infrastructure

Arterial Roads (Transport Corridor) Information Communication Technology (ICT) Water Supply from Narmada Canal to GIFT Samruddhi Sarovar (Water Storage Area) Power Receiving Station and Distribution Water Treatment Plant Sewerage Treatment Plant Solid Waste System Arboriculture and Landscaping

Implementation Framework

PUBLIC PRIVATE PARTNERSHIP


Significant private sector participation into specific viable components

INFRASTRUCTURE
To be contracted out by GIFTCL inducting the latest in construction technology The project is being implemented through a series of entities / agencies to provide a seamless framework.

UTILITIES
GIFTCL has set up following SPVs to domicile the various utility components.: GIFT District Cooling Systems Limited GIFT Water Infrastructure Limited GIFT Waste Management Services Limited GIFT Power Company Limited GIFT ICT Services Limited Each SPV would be self-sufficient on a stand-alone basis. As a strategy, the Company would consider taking a stake in some of the SPVs.

REAL ESTATE
Unique opportunity for developers to redefine their destination Uniformity of design and aesthetics to be maintained

Project Status1

Sl. No.

STUDY

STATUS
COMPLETED COMPLETED

1. 2.

Real Estate Market Assessment Surveys & Investigations Topographical Surveys for 3000 Acres surrounding GIFT Project Environment Impact Assessment External Road Connectivity to GIFT for R&B River Hydro Modeling Study Aeronautical Study by International Civil Aviation Organization (ICAO) for high-rise clearance

3.

COMPLETED

4. 5. 6.

COMPLETED COMPLETED COMPLETED

7.

COMPLETED

Project Status2

Sl. No.

STUDY

STATUS COMPLETED

8. 9. 10. 11. 12. 13. 14.

Demand Assessment Study for Convention Center

Satellite Imagery based around GIFT

COMPLETED

Information & Communication Technology (ICT)

COMPLETED

Seismic Study for GIFT Project

COMPLETED

Fencing of Project Area

COMPLETED

Peripheral Earthen Road/Bund

COMPLETED

Site Leveling & Dressing

COMPLETED

Project Status3

Sl. No.

STUDY

STATUS COMPLETED

15. 16. 17. 18. 19.

Bore wells for providing water for Construction Activity

Construction of Access Road from Shahpur to GIFT

IN PROGRESS IN PROGRESS

Construction of Raw Water Pumping Station

Construction of SEZ Project Office

IN PROGRESS

Construction of 30 storey Tower QC1 & QC2

IN PROGRESS

Project Milestones S.No.


1

Description
Launch of Phase 1 (10 mn. Sq.ft )

Month & Year


Jan,2011

2 3
4 5

MoUs worth 11,700 crores signed during Vibrant Gujarat 2011 MOA with IL&FS for Development of 7.77 mn. Sq.ft in Phase -1 ( Commercial/ Residential & Social Facilites)
Master Plan Pre-Construction Activities: Site Leveling & Dressing , Access to Site, Site Office (Temp)

Jan, 2011 Mar, 2011


Completed Completed

6
7 8 9 10 11

Pre Construction activities of two High rise commercial buildings by IL&FS


Bid Documents for Water Supply, Access Road, Construction Power , Construction Water, Project Office Selection of Developers: School & Hospital Selection of Proof-Check Consultant for Structural Design for High-rise Building Multi Services SEZ, focusing on Financial Services Order of Demarcation (KASEZ/DCO/GIFT/08/2010-11/753) for the Processing and Non-Processing area of GIFT SEZ.

Commenced
Ongoing Ongoing Ongoing Notified Aug ,2011 Dec, 2011

Project Approvals & Clearances


S.No. 1

Description
Advance possession of 662 acres of Govt. land out of 886 acres earmarked for GIFT Received Formal Approval for Multi Service SEZ from MoCI-GOI

Month & Year


2007-2008

Jan 07, 2008

3 4 5 6 7 8

Approval for supply of 20 MGD water from Narmada Canal GIDB accorded In-principle approval to extending MRTS Environmental Clearance Height Clearance by AAI upto 122 mt Transfer of Land to the Company by Govt. Notification of Multi Services SEZ focusing on Financial Services

July 17, 2008 June 17, 2009 Nov 03, 2009 May 21, 2010 Mar 22, 2011 Aug 18, 2011

Approval for International Financial Services Centre

Nov 28, 2011

Construction Activities

Phase:1 - Commercial Tower QC1

No of Floors: 29 Height: 122 mtrs

BUA: 60,000 Sqm Floor Plate: 2400 Sqm

Thank you

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