8 July 2010
Timeline of GIFT City Mega-development
Gujarat International Finance Tec-City has been promoted as a city for the next generation, India's "financial muscle" and the infrastructural source to augment the capacity of Mumbai . Planned by ECADI, public-private partnership, but also the largest project of Gujarat state government, it was aimed to cope with existing financial districts like Shanghai or London Docklands. State decision to build GIFT City combined with the planning ideas of green and recreational space allocated by the skyscrapers' low occupation of the land, and the sustainable energy consumption, all evoke the grand times of Modernism. However, the physical space has been supported by CISCO , partner for Internet Protocol services, in order to improve the management. A question still stays why this "New York of India" needs to be promoted both as a contemporary business district development and a place where traditional ideas of building codes are respected.
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