The committee members were briefed on the GIFT City’s model, combining world-class infrastructure, urban planning, and regulatory frameworks to attract global businesses in finance, technology, and allied sectors.
FinTech BizNews Service
Mumbai, September 14, 2025: The Parliamentary Standing Committee on Industry visited GIFT City
on Sunday to comprehensively study and understand various aspects of India’s first operational smart
city and international financial services hub. The committee members were briefed on the GIFT City’s
unique model, which combines world-class infrastructure, sustainable urban planning, and progressive
regulatory frameworks to attract global businesses in finance, technology, and allied sectors. The
members also witnessed the GIFT City’s state-of-the-art infrastructure, such as the district cooling
system, automated waste collection system, and underground utility tunnel, which exemplify global
standards in smart urban development.
GIFT City, India’s first operational smart city and maiden International Financial Services Centre
(IFSC), is a global financial and IT services hub, a first of its kind in India, designed to be at or
above par with globally benchmarked business districts. As a leading Central Business District
(CBD), GIFT City offers significant advantages such as reduced operational costs, favourable tax
policies, and a vibrant community, making it the top choice for global and domestic companies
in BFSI, IT/ITeS, fintech, international education, and other service sectors.
A ‘Project of National Importance’, GIFT City encompasses office spaces, residential areas,
school, hospital, hotels, clubs, retail outlets, and recreational facilities, creating a truly ‘walk-to-
work’ environment. Pioneering innovations and sustainable solutions implemented in GIFT City,
such as the District Cooling System, Automated Waste Collection System, and Utility Tunnel,
have set new standards in urban development.
