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Gujarat International Finance Tec – City
March ‘09
Gujarat International Finance Tec –City (GIFT ) – A City for the Next Generation India
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Background
• India need to tap its Financial Services Potential :- Need to have globally benchmarked Financial Services Hub
• Existing Cities do not match up to the expectations in respect of working and living lifestyle
• What is needed:
- To design such a centre leading to global competitiveness
- To capitalize on the existing strengths of the region
GIFT provides this solution
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GIFT: The Value Proposition
Project Overview
Business Plan
Presentation Structure
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GIFT: The Value Proposition
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GIFT : Value Propositions
GIFT
Gujarat: Ideal
Destination
Strong Promoters/
PPP
Defined Positioning
Strategic Location
Partners in Progress
Integrated Developme
nt
Global Benchmarking
Aesthetics
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Gujarat is an ideal destination for developing a ‘Best-in-Class’ Financial Service Center
Key Competitive Factor Gujarat
People Gujarat has adequate employable pool and offers high
potential for inward migration
Business Environment Gujarat has demonstrated successfully its forte of
providing conducive business environment
Market Access Gujarat provides a strong platform for launch of new
financial products/services
Infrastructure A key focus area of Government, Infrastructure
continues to contribute to economic development
General Competitiveness Overall, the state stands tall
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Strong Partners : Public Private Partnership
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• Booming demand in Financial & IT Services
• India’s financial capital, Mumbai, saddled with crumbling infrastructure and sky-rocketing cost of business operations
• Lack of any methodically planned and developed world-class International Finance Centre (IFC)
• State Govt. of Gujarat (GoG)
spearheading a slew of
initiatives to usher economic
prosperity through public-
private efforts and investment
in the State
• Set itself the highest target
CAGR of 11.4 % under India’s
11th 5-year plan
Gujarat Urban Development Company Limited (GUDC )
&
Infrastructure Leasing & Financial Services Ltd. (IL&FS)
entered into 50:50 Joint Venture on May 15, 2007 to conceive, plan and develop
Gujarat International Finance Tec-City
On Public Private Partnership Format
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• A premiere institution with a proven track record in infrastructure and financial services
• Pioneer in launching infrastructure projects on a PPP model in India
• Widespread experience in planning and development of large-scale commercially viable Infrastructure projects
An Opportunity A Pro-active State Govt IL&FS
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Defined Positioning
GIFT aspires to catalyze India’s Largest Financial Services potential by
offering world class infrastructure to attract top talent in the country
To target 6-8% of
Financial Services
Potential in India
Creation of 1 Mn
direct & indirect
jobs
90 Mn sq ft of real
estate office and
residential space
• Would require about 800
Mn 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
Source :Mckinsey Report, Hewitt Research
1. National Financial services operations’ hub
2. Regional/functional Head quarters for financial services players
3. National head quarters for players
4. Private Banking hub for NRIs/ Regional HNWs
5. International microfinance hub
Core
Financial Services
8. Global Hub for IT services for Financial services sector
IT services
9. Global Hub for BPO services for Financial services sector
ITeS/BPO services
6. International commodity trade hub
7. Participation in global capital markets
Capital Markets and Trading
Financial services operations
Financial services corporate centre
Select product
markets
The Concept
Source: McKinsey Analysis
GIFT’s Target Business Segments
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Strategic Locational Advantage
Distance
(kms)
Primary Travel
Mode
Ahmedabad 12 Road@- Direct
Connectivity;
Transit SystemsGandhinagar 8
Mumbai 545
Air* ( 1 hr flying
time), Train (8
hrs)
@ GIFT site currently abuts a four lane National
Highway connecting Ahmedabad and
Gandhinagar (LRTS and expressway to be
developed)
* The Ahmedabad Intnl. Airport - the nearest
Airport to GIFT - is very well connected to
Mumbai with over 12 flights a day (one way)
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Partners in Progress
Environmental Aspects
Talent Demand Assessment
Market Demand Assessment
Real Estate Assessment
ICT Advisory Services
Design & Architecture
Consortium of East China Architectural Design Institute (ECADI) & Fairwood India Pvt. Ltd.
Legal Consultant
Process Management Infrastructure
Environment
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Integrated Development
Overall Connectivity/ Transport• External Connectivity
includes MRTS/BRTS/Roads
• Public-Private Modal Split 90:10
• Personalized Rapid Transit (PRT) System
Residential Housing Projects:• Well planned residential housing
projects• Walk-to-work layouts
High Rise business district• Benchmark office high-rise
district to be created with landmark buildings
• Total ~143 mn sq. ft. built-up area (~91 mn sq. ft. above ground)
Social Infrastructure: • Educational Institutes to be
established• International Schools for
primary education• Privatized hospitals with
infrastructure to be established
Retail cum entertainment hubs• High quality entertainment malls to
be set up • Over 60% of the space is planned to
be green
Basic Infrastructure• Uninterrupted and highly
reliable power supply (99.999%)
• Next Class: Water, Waste Management, District Cooling
Technology• Broadband FTTP• WiFi/Wimax• Shared IT Services• Global Connectivity
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GIFT is positioned very favorably in comparison to other key Indian cities…
Indian cities GIFT Key initiatives envisaged
ParametersComparative position
on a scale of 10
Attractive sustainable local economy
2.1 5 Gift being promoted as a hub for capital markets
Stable political environment 1.8 6Investor-friendly nodal agency proposed to facilitate single window clearance on government regulation
Highly developed infrastructure
3.9 6 State of the art infrastructure proposed within GIFT
Strategic geographical location 2.7 5External connectivity proposal exclusively made for GIFT
Good quality of life 3.2 6International standards proposed for residential, educational and recreational facilities
Source: McKinsey Analysis
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… and also has been designed to be at par or above with Globally Benchmarked IFCs
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)
Paris (La Defense)
Tokyo (Shinjuku)
London (Dockyards)
Pudong(Lujiazui)
GIFT
Land use Scale (sq km) 1.6 1.6 1.05 1.7 2.02
Construction Scale (in mn sq m) 2.5 1.6 1.1 4.5 8.4
Greenbelt (in thousand sq m) 40 120 50 363 615
Height (m) 200 250 250 490 410
Paris (La Defense) Tokyo (Shinjuku) London (Dockyards) Pudong (Lujiazui) GIFT
Source: ECADI/Fairwood Consultants
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GIFT: Skyline
The skyline of GIFT is formed by a series of landmark structures. 3 buildings areabove 350 mt, 27 above 150 m and 31above 100 m height.
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GIFT: Bird Eye View
Skyline along the prime waterfront is expected to follow the profile depicted withlimited fluctuation
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Project Overview
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Master Plan Area : GIFT will spur development in the region
GIDC CONVENTION CENTRE
RIVER FRONT DEVELOPMENT
GIFT
Integrated TownshipsC
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TRANSIT ORIENTED DEVELOPMENT (TOD)
• 2 Multimodal Transit Nodes
• 10:90 Modal Split betweenPrivate : Public Transport
• Aiming for Zero fatalaccidental city
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Well-Defined Building Packages
Building Packages carved out based on
• No. of Building Packages: 30
• Total Built-up Area: ~143 mn. sq. ft. (~91 mn. sq. ft. above ground)
• Largest Building Package: 10.2 mn. sq. ft. BUA
• Smallest Building Package: 0.9 mn. sq. ft. BUA
• Height of tallest tower: 405 mt.
• Urban façade and character
• Walk-to-work environment
• Accessibility to Core and Basic infrastructure
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The GIFT Real Estate Component comprises Office, Service and Residential facilities
37%
33%
11%
19%
GIFT Land use (in %)
Residential+ Commercial
Green space + Water bodies
PSP
Transpotation
BUA Component
Area (Million Sq.Ft.)*
In %
Residential 22 23%
Commercial 54 60%
Hotel 2 2%
Retail 4 5%
Public Building 9 9%
Recreation 1 1%
Total 92 100 %
23%
60%
5%
2% 9%1%
Built-up Area
Residential
Commercial
Retail
Hotel
Public Buildings
Recreational
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Landmark Buildings
1
2
3 4
4
5
5
Diamond Tower1
River front2
Convention Centre3
Gateway Towers4
Transit Node5
6
Crystal Tower6
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Diamond Tower
Package – D / 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 410
Max No. of Floors 84
Building UseOffice with
support facilities
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Gateway Towers
Package – C / Gateway Towers
Plot Area (Sq. Mt) 39,864
Total Area (Sq. ft) 7,682,282
- Above Ground (Sq. ft) 5,356,978
- Below Ground (Sq. ft) 1,827,624
Max Height in Meters 350
Max No. of Floors 83
Building UseOffice with
support facilities
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Transit Node
Package – G / Transit Node
Plot Area (Sq. Mt) 28,628
Total Area (Sq. ft) 5,709,016
- Above Ground (Sq. ft) 3,127,505
- Below Ground (Sq. ft) 1,073,602
Max Height in Meters 231
Max No. of Floors 55
Building UseHotel, Office &
Commercial
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Crystal Towers
Package – H / Crystal Towers
Plot Area (Sq. Mt) 45,390
Total Area (Sq. ft) 9,059,068
- Above Ground (Sq. ft) 6,475,558
- Below Ground (Sq. ft) 1,982,258
Max Height in Meters 276
Max No. of Floors 65
Building UseOffice with
support facilities
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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
214,550 6,938,554 3,606,348 2,997,165 65 16 Convention Center*
* Musuem, Auditorium, Cultural Center, Exhibition spaces with Support Facilities
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River Front
Package – 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
31, 540 2,513,760 216,333 2,277,329 17 4 Recreational Place with support facilities
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GIFT Infrastructure Development Overview
• All infrastructure designed to support businesses
• Common infrastructure will be integrated
• Technology to ensure reasonable tariffs and energy conservation
• All utilities /services to be controlled and coordinated
Infrastructure Facilities/Services - Site Development- Landscaping- Maintenance Systems- Roads and Transportation- Water Systems- ICT- Power Generation and Distribution- District Cooling System- Domestic Gas Distribution- Waste Management Systems
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• Grid of six external gateways from NH-8and State Highway/GoG
• Bus Rapid Transit System (BRTS) beingextended to GIFT : AhmedabadMunicipal Corporation
• Metro Rail Transport System (MRTS)being extended to GIFT: GoG
TRANSPORTATION – External Connectivity
Airport
GIFT
GANDHINAGAR
AHMEDABAD
Existing BRTS
MRTS Route
BRTS to GIFT
MRTS to GIFT
Koba
SabarmatiNaroda
MRTS and BRTS to GIFT
Living Bridge Signature Bridge
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Living Bridge
Signature BridgeRiver Tunnel
TRANSPORTATION – Accessing GIFT
In Addition : 4 External Parking Hubs; Logistic Centre
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Transport
Transportation - Internal
• Travelators and Sky Walk
• Traffic Monitoring and Control
• Personal Rapid Transit System (PRT)
• Recessed Roads – underground
• Surface Roads for Pedestrians & Emergency vehicles
PRT
Travelators
Recessed Road
VIDEO
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Water Source, Promenade and Water Front Development
Water Sources:
Narmada Main canal
Recycling and Reuse of Wastewater
Rainwater Harvesting
GIFT Master Reservoir
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
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• Projected Waste Quantity of GIFT: 488 TPD
• Minimize impact on environment, human intervention, space requirement, impact on health hazard
Solid Waste Management
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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VIDEO
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• Estimate Total Demand : ~1000 MW
• Underground cabling for power distribution within the GIFT
• Substation and Distribution Automation
• Indoor substation1. Gas Insulated Switchgears(GIS) substation for Sub-transmission and Distribution with
Gift
2. Compact substatio (CSS) in Building
Power
Reliability – 99.999%which means outage of 5.3 minutes/annum
Central Control Centre
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Centralized Air Conditioning System
• Conventional AC System not Required
• Efficiency through economies of scale
• Reduces energy costs
• Reduces maintenance costs
• Improves air quality and temperature control
• Reduces noise and vibration
• Total Capacity : 325,000 TR
District Cooling
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• Segregation of services at 4-level
• Supply of services in a sub-surface regular grid
• Buildings to tap in the grid wherever required
• All services housed in various divisions of sub-surface ditch
• No service lines aboveground
Integrated Underground Service Trenches
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GIFT VisionCreate a world class financial city by offering an unrivalled business environment to global and local financial services enterprises.
GIFT ICT VisionCreate leading-edge infrastructure, services and platforms and offer financial services enterprises a significant competitive advantage to operate regionally and globally
GIFT ICT Vision and Value Proposition
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Information and Communication Technology (ICT)
• GIFT Occupants would have access to following ICT Services
Infrastructure
High Speed Fibre *
Network
Diverse Local and International Connectivity
Pervasive Wireless and Mobile Network
Data Centres
Platforms
Financial Extranets
CUG to Exchanges
Voice
Industry Specific Platforms
City e-Portal
Sensor Networks
IPTV Internet Gateway
Services
Data
Voice
Wi-Fi
Tier-4 Data Centres
Business Continuity
Security
High Speed Internet 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)
Source: Study by British Telecom
All FibreTrading Platform
Sub Sea Connectivity
Data Centre
Mobile/ Wireless
Poor Reasonable Excellent Not Applicable
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1 GIFT
2
3
4
5
6
7
8
9
10
DIFC
DIC
SONGDO
New WTC – New York
Canary Wharf - London
Pudong - Shanghai
La-Defense Paris
Singapore
London Stock Exchange
Triple PlaySmart
BuildingsFaster Set-up
Competitive Service
Provision
11 New York Stock Exchange
Tokyo
Overtaking "Place"
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Business Plan
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• Public Private Partnership
- Significant private sector participation into specific viable components
•Core Infrastructure
- To be contracted out by GIFTCL inducting the latest in construction technology
• Utility SPV’s
- GIFT District Cooling Systems Limited- GIFT Water Infrastructure Limited- GIFT Waste Management Services Limited- GIFT Transport Infrastructure Development Limited- GIFT Power Company Limited- GIFT ICT Services Limited
Real Estate
- Unique opportunity to developers across to redefine their destination
- Uniformity of design and aesthetics to be maintained
- GUDC will be single-window Area Development Authority.
Implementation Framework
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• Power Distribution• Waste Mgmt System• District Cooling• Transport• ICT• Water
• Office• Commercial• Residential• Hotels
• Site Development• Landscape• Roads• Storm Water Drainage• River Training
Core Infrastructure User Pay Utilities Real Estate
By GIFTCL
Opportunity for Contractors
By SPVs on PPP
Opportunity for Infrastructure Developers
By Developers
Full Commercial Rights
Single Window Clearance
Rs.105 bn(USD 2.3 bn)
Rs. 250 bn(USD 5.6 bn)
Rs. 348 bn(USD 7.7 bn)
Total Estimated Investment: INR ~ 703 bn (USD 15.6 bn)
Investment and Structuring
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Source of Fund Rs.Bn ( USD* Bn)
GIFT Fund 124 (2.8)
Infrastructure Developers 56 (1.2)
Debt 175 (3.9)
Real Estate Developers 348 (7.7)
Total 703 (15.6)
Financing the Investment
(*1 UDS = INR 45)
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• Land allotted by Government of Gujarat for GIFT Project
• Design for Building Packages and Infrastructure completed
- Detailed Designing of Infrastructure is in progress
• Approval received from Government for the GIFT Master Plan
- DCR being finalized
• SEZ Approval received from Government of India
• MOU’s signed for > 100mn Sq.ft. with Real Estate Developers
• Induction of private developers for Infra SPV’s in progress.
• Environmental Clearance and Height Clearance under progress
• Contracting Strategy in place
- Site Fencing and peripheral earthen road under progress
• Talent Development/Construction Worker Welfare Program initiated by GoG
Present Status of the Project
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Thank you