PANAJI
Chief Minister Pramod Sawant on Friday said that the Goa government is planning an investment city on the lines of ‘The Gujarat International Finance Tec-City (GIFT City)’.
Speaking to The Goan, Sawant said that a government-constituted team recently visited Gujarat to study the GIFT City, which is a business district promoted by the Gujarat government through a joint venture company.
“It is not SEZ exactly… we are studying their GIFT City model… focus was to understand as infrastructure wise how it is developed and how it has boosted the economic activities… we are exploring a similar concept in Goa,” Sawant said.
Last month, Maharashtra Government signed a memorandum of understanding (MoU) with the Small Industries Development Bank of India (SIDBI) to fund Rs 200 crore GIFT city -- for new start-ups in two and three-tier cities.
GIFT City is the country’s first operational smart city and international financial services hub.
According to the website of GIFT city, it is planned on 886 acres of land with 62 mn sq ft of built up area which includes office spaces, residential apartments, schools, hospitals, hotels, clubs, retail and various recreational facilities.
GIFT City is supported by state-of-the-art infrastructure encompassing all basic urban infrastructure elements along with an excellent external connectivity. Companies from financial services, technology and all other services sectors will be targeted as potential occupants within the city, the website notes.
