GIFT City attracts global IT/ITeS firms
Global Financial and IT hub Gujarat International Finance Tec-City (GIFT City), is attracting interest from domestic and global IT & ITeS companies to set up operations there. More than 500 employees are working in some of the leading institutions that have already begun operations in GIFT domestic zone as well as in GIFT’s Special Economic Zone (SEZ) area.
The companies functioning out of GIFT City include MNC players like Oracle; Maxim Integrated, a US$ 2 billion plus US-based integrated solutions company and Befree, a leading book-keeping company from Australia. Leading E-commerce player Infibeam has acquired space in GIFT City and is in advance stages of commencing its corporate office and overall back office operations. (n)Code Solutions – a subsidiary of GNFC has set up a world class PKI facility to offer digital signature certificate & a range of PKI-based solutions at GIFT City.
S. Shenoy, Group Vice President, Development, Oracle India said “Oracle is extremely proud to be part of India’s first Smart Global Financial and IT hub. Oracle was among the first organizations to invest in the GIFT city. We set up our 10th development center here where technology professionals are developing cutting-edge cloud solutions. We received complete support and co-operation from the authorities. Easy access to world class infrastructure and facilities will make this unit one of our finest facilities in India. Initiatives like GIFT city will go a long way in fortifying India’s image as an opportune business center.”