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Significant Potential: Financial Services Sector transformed over the last decade Sector contributes significantly to the Indian economy
Given India's continued economic growth, the financial sector will grow increasingly larger, with a prospect of 10 to 11 million jobs by 2020.
If India builds an International financial center, with suitable rules and regulations, the earnings out of financial sector exports will surpass that of IT
Offshoring industry needs at least five new Gurgaon and five to seven new Pune plus
NasscomMcKinsey report
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
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
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
SOLUTION
Setting up Self - sustaining Cities
Which are
Auto Ancillaries Textiles Gems & Jewellery Manufacturing Financial Services IT/ ITES BPO/ KPO
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
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
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
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
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
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
Booming demand in Financial & IT Services Sky-rocketing cost of business operations in metros Unplanned International Finance Centre (IFC)
A premiere institution with a proven track record Pioneer in launching infrastructure projects on a PPP model
Government of Gujarat
Through
&
Infrastructure Leasing & Financial Services Ltd. (IL&FS)
Incorporated Gujarat International Finance Tec-City Company Ltd. (GIFTCL) on 21st June, 2007
Global Benchmarking
GIFT
Defined Positioning
Strategic Location
Integrated Development
Technology:
Broadband FTTP WiFi / Wimax Shared IT Services Global Connectivity
Social Infrastructure:
Educational Institutes to be established International schools for primary education Privatised hospitals with infrastructure to be established
Basic Infrastructure:
Uninterrupted and highly reliable power supply (99.999%) Next generation water & waste management, district cooling
Globally Benchmarking
Tokyo (Shinjuku)
London (Dockyards)
Pudong (Lujiazui)
GIFT
Tokyo (Shinjuku)
London (Dockyards)
Pudong (Lujiazui)
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)
Centrally located in the state of Gujarat in Gandhinagar 12km From Ahmedabad International Airport
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
Integrated Townships
Knowledge City
Project Overview
GIFT Project
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
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
SOCIAL FACILITIES
Schools (International and CBSE)
Clubs
Hotels Convention Centre Exhibition Centre Hospital Training Centre (Language School) Low Income Housing
GANDHINAGAR
Delightful vistas
Food streets & street bazaars
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
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
Cafeteria
Gymnasium
Sports Complex
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
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
Ahmedabad
Airport
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.
Create leading-edge infrastructure, services and platforms and offer financial services enterprises a significant competitive advantage to operate regionally and globally
INFRASTRUCTURE
PLATFORMS
SERVICES
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
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
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
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
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.
7.
COMPLETED
Project Status2
Sl. No.
STUDY
STATUS COMPLETED
COMPLETED
COMPLETED
COMPLETED
COMPLETED
COMPLETED
COMPLETED
Project Status3
Sl. No.
STUDY
STATUS COMPLETED
IN PROGRESS IN PROGRESS
IN PROGRESS
IN PROGRESS
Description
Launch of Phase 1 (10 mn. Sq.ft )
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)
6
7 8 9 10 11
Commenced
Ongoing Ongoing Ongoing Notified Aug ,2011 Dec, 2011
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
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
Construction Activities
Thank you