Gujarat International Finance Tec-City
One of the smart city, proposed by PM Narendra Modi, under
construction, the Gujarat International Finance Tec-City can challenge Mumbai
as the country’s premier financial centre when finished. Aimed to provide high
quality facilities such as water & sanitation, power, roads,
telecommunications etc., it will also have a special economic centre (SEZ),
information centre, entertainment centre and a knowledge capital. There are
financial incentives given to businesses starting operations here such as
exemption of sales, customs, purchase, excise taxes etc.
There are other advantages: this city would not be so
integrated with other global economic capitals of other countries; so it cannot
be affected by financial crunches. It can provide more than 500,000 jobs and
occupies an area of 5.76 million sq. m. Thus, it can also create a real estate
boom. “Given its emphasis on technology,
zoning and environment-friendly construction, GIFT can also serve as the
prototype on which the promised smart cities of the future can be modelled.”
(The Hindu)
For the common man, it can create jobs in various sectors especially
in finance. It will open many major administrative reforms and will be the
first “Smart City” in India
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