The Next Silicon Valley in GiftCity

Since the beginning tech and finance companies have struggled where to place their headquarters or different branches around the world; be it Singapore, Silicon Valley,USA, or the already crowded Bangalore. Tech companies look for the following requirements in the cities that they plan to relocate to:

• Availability of skilled labor
• The infrastructure and government policies for industry growth
• An ecosystem for startups

Why is Gandhinagar the next stop for tech startups in India?

In 2016, with a view to fully utilize the brightest technical minds of the country to its advantage, giving a tough competition to the countries around the world; establishing an International Financial Services Center (IFSC) in Gujarat—the Gujarat International Finance Tec-city (popularly known as “GIFT-City”) was proposed. Currently India is one of the fastest-growing economies in the world. Expansion in terms of economic and strategic activities globally is a must. Gandhinagar is a well developed city, with one of the best planning in the country and in close proximity to Ahmedabad. Plotted schemes and bungalow schemes have flourished well here in the past few years. Gandhinagar has attracted many migrant populations to the city that has given rise to the development of various educational institutions like DA-IICT, IIT-Gandhinagar, PDEU etc, therefore Gandhinagar has the skilled labor part covered.

Several global and domestic companies like IBM have started operations in the GIFT City with more on cards creating the perfect ecosystem for startups. While the focus remains on strengthening the financial service sector, the role of infrastructure is inevitable in development of any of the commercial spaces. The city will be equipped with Grade A Commercial Office spaces which will have high end technical specifications to meet the futuristic demands for the industry. GIFT City is emerging as the next financial technical center at a global level and with multinational corporations investing here, the demand for commercial real estate is set to skyrocket. GIFT City has the construction sector going; The infrastructure will be considered as one of the finest & most demanded among the real estate projects in the region. The influx of the finance segment is sure to strengthen the commercial real estate office spaces in Gandhinagar that will be fully equipped for modern demand of modern customers.