Gujarat signs MoU with Cisco for GIFT!
Finance Tec-City Company Limited (GIFTCL) and Infrastructure Leasing and Financial Services Limited (IL&FS) on Wednesday signed a Memorandum of Understanding (MoU) with Cisco for the Gujarat International Finance Tec-City (GIFT) project.
GIFT promises to be a Central Business Hub, not just for India but also for the rest of the world. The city is designed to provide next level infrastructure, services and platforms backed by State-of-the art Information and Communication Technology (ICT), Secured and Resilient Data Centres benchmarked to Tier IV standards, Integrated and intelligent townships with high tech City Services management.
The parties will jointly market, develop, implement and explore financing options of the GIFT Project. A joint task force will be constituted to work out legal, technical and financial aspects of this cooperation.
Chief Minister Narendra Modi, speaking on the occasion, said, GIFT is an ardent reflection of our commitment to building world class institutions and infrastructure to make Gujarat an ideal business destination not only for Indian companies but also for leading international players.
Wim Elfrink, Chief Globalisation Officer and Executive Vice President, Cisco Services said that cities which are run on information will transform the quality of life for citizens, drive economic growth and improve city services and management.
Related posts:
December 23rd, 2009 at 5:50 AM
[...] June 2009 Cisco signed an MoU with Gujarat International Finance Tec-City Company Limited (GIFTCL) and Infrastructure Leasing and Financial Services Limited (IL&FS) for the Gujarat [...]