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2008-08-13 - ABB is designing a complete power supply solution for what will be the world’s largest international financial center and one of India’s biggest ever infrastructure projects - Gujarat International Finance Tec-City.
Occupying a greenfield site of more than 500 acres in the rapidly developing state of Gujarat, Gujarat International Finance Tec-City (GIFT) will be the world’s largest international financial services center and IT hub when it is completed in 2017.
The site consists of about 100 million square feet of commercial and residential floor space, including an 80-storey signature building known as Diamond Tower. The center will dwarf comparable financial districts like London’s Docklands, Shanghai’s Pudong and Tokyo’s Shinjuku.
GIFT is located midway between Gujarat’s two most important cities, Ahmedabad (India’s seventh largest city) and Gandhinagar, and will be linked to both by expressways and mass transit railway systems. The massive development is expected to provide employment for around 500,000 people, and homes for about 50,000.