GIFT - Presentation

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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

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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








support facilities

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Transit Node

Package – G / Transit Node







Building UseHotel, Office &

Commercial

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Crystal Towers

Package – H / Crystal Towers








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

1

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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

1

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1

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

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