Modi inaugurates state's tallest building at GIFT city

"With the GIFT project we are setting a benchmark for the whole world about how one can deliver financial services, technological security, real time operations, multiple activities etc from a single place, at the same time," said Modi at the inaugural function here at the GIFT city.

"In this constantly changing world, more particularly in the financial world, we have scaled a new height," he added.

He pointed out that GIFT will be an inspiration and a point of reference for such initiatives coming up in the future and termed it as a catalyst that would enhance the development process.

The Chief Minister today inaugurated the first and the tallest of ten towers-GIFT, one which is 129 metres high and has 29 floors. It will house offices of international finance, investment, trade and other financial and information technology sector companies.

Modi today expressed hope that organised and co-operative sector of the state will also benefit from the advent of GIFT city which is a globally benchmarked International Financial Service Centre (IFSC) being developed in Special Economic Zone (SEZ) and Domestic Finance Centre (DFC).

"Our endeavour would be that every small and big unit in organised and co-operative sector will benefit from the world class financial services available here," Modi said.

"Trade, commerce and finance are in the veins of the Gujarati people and if we join these strengths with modern technology we will be successful in creating a new services sector," he added.

The GIFT city project aims at state-of-the-art internal infrastructure encompassing all basic urban infrastructure elements along with an excellent external connectivity by roads, metro rail and Bus Rapid Transport Service (BRTS).

Spread over an area of 886 acres, GIFT city is being developed by Gujarat International Finance Tec-City Co Ltd (GIFTCL), a joint venture company of Government of Gujarat and Infrastructure Leasing & Financial Services (IL&FS).