Gujarat International Finance Tec-City Company Limited (GIFTCL) and Infrastructure Leasing and Financial Services Limited (IL&FS) today signed a Memorandum of Understanding (MoU) with Cisco for the Gujarat International Finance Tec-City (GIFT) project in presence of Shri Narendra Modi, Chief Minister of Gujarat.
Shri Narendra Modi, Chief Minister of Gujarat, 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. A grand project like GIFT is truly a gift for people of Gujarat and India as the benefits will transcend to people across the social strata. The partnership between GIFT and Cisco, a leading global IT player, is a step in the right direction”.
Under the MoU, Cisco will collaborate with GIFTCL in achieving GIFT's vision of becoming a world class financial services centre, with infrastructure and facilities benchmarked to global standards.
The State of Gujarat has emerged as the fastest growing region in the country. In addition to housing one of the largest manufacturing bases in India, Gujarat also accounts for a disproportionately large share of the investor and entrepreneurial population in the country. Recognizing the potential of the State as a centre for the financial services industry, the Government of Gujarat formulated GIFT as a mega project to realize this vision. Thus, land (initially 550 acre) between the commercial capital of the State, Ahmedabad, and the Administrative Capital of the State, Gandhinagar, has been allotted for the development of a Central Finance and Business District (CFBD).
GIFT is conceptualized as a global financial and IT services hub, a first of its kind in India, designed to be at or above par with globally benchmarked financial centers. GIFT aspires to catalyse India's large financial services potential by offering to global and local financial services firms world-class infrastructure to tap the opportunity and best-in-class quality of life to attract top talent in the country.
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.
Cisco is the worldwide leader in networking for the Internet and Internet Protocol (IP) based networking solutions and is pioneer of the concept of Smart+Connected community practice (also known as Intelligent Urbanisation). Cisco will bring together a portfolio of products, services, partners, platforms, solutions and make appropriate investments. Cisco will utilize its deep industry knowledge in working together with GIFT for establishing a world class city.
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.
Wim Elfrink, Chief Globalisation Officer and Executive Vice President, Cisco Services said: “Rapidly expanding infrastructure demands on growing towns and cities is putting increasing pressure on governments and communities. We believe that cities which are run on information will transform the quality of life for citizens, drive economic growth and improve city services and management. Cities like GIFT, that use the network to accelerate and multiply their infrastructure investments will be those who not only survive challenges but thrive and lead into the future. We are honored to join hands with the government of Gujarat and IL&FS to help build this city of tomorrow.”
Speaking on the occasion Mr. Sudhir Mankad, Chairman – GIFTCL said, “GIFT will be developed as an intelligent city, which will transform the quality of life, and offer financial services enterprises a significant competitive advantage to operate regionally and globally. We are looking to work closely with Cisco, in developing a world-class financial services centre. We are delighted to partner with a world technology leader like Cisco in this important initiative.”
Mr. Hari Sankaran, Managing Director - IL&FS, addressing the gathering said, “GIFT, inspired by the worlds' leading financial hubs, will provide the best in technology and infrastructure facilities, rivaling the biggest centers of commerce in the world. As a pioneer in the Public Private Partnership domain, IL&FS is indeed privileged to partner with the Government of Gujarat in creating a world class financial hub that asserts India's steady rise as an economic power house.”
Text of PM Modi's address to the Indian Community in Guyana
November 22, 2024
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The Indian diaspora in Guyana has made an impact across many sectors and contributed to Guyana’s development: PM
You can take an Indian out of India, but you cannot take India out of an Indian: PM
Three things, in particular, connect India and Guyana deeply,Culture, cuisine and cricket: PM
India's journey over the past decade has been one of scale, speed and sustainability: PM
India’s growth has not only been inspirational but also inclusive: PM
I always call our diaspora the Rashtradoots,They are Ambassadors of Indian culture and values: PM
Your Excellency President Irfan Ali, Prime Minister Mark Philips, Vice President Bharrat Jagdeo, Former President Donald Ramotar, Members of the Guyanese Cabinet, Members of the Indo-Guyanese Community,
Ladies and Gentlemen,
Namaskar!
Seetaram !
I am delighted to be with all of you today.First of all, I want to thank President Irfan Ali for joining us.I am deeply touched by the love and affection given to me since my arrival.I thank President Ali for opening the doors of his home to me.
I thank his family for their warmth and kindness. The spirit of hospitality is at the heart of our culture. I could feel that, over the last two days. With President Ali and his grandmother, we also planted a tree. It is part of our initiative, "Ek Ped Maa Ke Naam", that is, "a tree for mother”. It was an emotional moment that I will always remember.
Friends,
I was deeply honoured to receive the ‘Order of Excellence’, the highest national award of Guyana. I thank the people of Guyana for this gesture. This is an honour of 1.4 billion Indians. It is the recognition of the 3 lakh strong Indo-Guyanese community and their contributions to the development of Guyana.
Friends,
I have great memories of visiting your wonderful country over two decades ago. At that time, I held no official position. I came to Guyana as a traveller, full of curiosity. Now, I have returned to this land of many rivers as the Prime Minister of India. A lot of things have changed between then and now. But the love and affection of my Guyanese brothers and sisters remains the same! My experience has reaffirmed - you can take an Indian out of India, but you cannot take India out of an Indian.
Friends,
Today, I visited the India Arrival Monument. It brings to life, the long and difficult journey of your ancestors nearly two centuries ago. They came from different parts of India. They brought with them different cultures, languages and traditions. Over time, they made this new land their home. Today, these languages, stories and traditions are part of the rich culture of Guyana.
I salute the spirit of the Indo-Guyanese community. You fought for freedom and democracy. You have worked to make Guyana one of the fastest growing economies. From humble beginnings you have risen to the top. Shri Cheddi Jagan used to say: "It matters not what a person is born, but who they choose to be.”He also lived these words. The son of a family of labourers, he went on to become a leader of global stature.
President Irfan Ali, Vice President Bharrat Jagdeo, former President Donald Ramotar, they are all Ambassadors of the Indo Guyanese community. Joseph Ruhomon, one of the earliest Indo-Guyanese intellectuals, Ramcharitar Lalla, one of the first Indo-Guyanese poets, Shana Yardan, the renowned woman poet, Many such Indo-Guyanese made an impact on academics and arts, music and medicine.
Friends,
Our commonalities provide a strong foundation to our friendship. Three things, in particular, connect India and Guyana deeply. Culture, cuisine and cricket! Just a couple of weeks ago, I am sure you all celebrated Diwali. And in a few months, when India celebrates Holi, Guyana will celebrate Phagwa.
This year, the Diwali was special as Ram Lalla returned to Ayodhya after 500 years. People in India remember that the holy water and shilas from Guyana were also sent to build the Ram Mandir in Ayodhya. Despite being oceans apart, your cultural connection with Mother India is strong.
I could feel this when I visited the Arya Samaj Monument and Saraswati Vidya Niketan School earlier today. Both India and Guyana are proud of our rich and diverse culture. We see diversity as something to be celebrated, not just accommodated. Our countries are showing how cultural diversity is our strength.
Friends,
Wherever people of India go, they take one important thing along with them. The food! The Indo-Guyanese community also has a unique food tradition which has both Indian and Guyanese elements. I am aware that Dhal Puri is popular here! The seven-curry meal that I had at President Ali’s home was delicious. It will remain a fond memory for me.
Friends,
The love for cricket also binds our nations strongly. It is not just a sport. It is a way of life, deeply embedded in our national identity. The Providence National Cricket Stadium in Guyana stands as a symbol of our friendship.
Kanhai, Kalicharan, Chanderpaul are all well-known names in India. Clive Lloyd and his team have been a favourite of many generations. Young players from this region also have a huge fan base in India. Some of these great cricketers are here with us today. Many of our cricket fans enjoyed the T-20 World Cup that you hosted this year.
Your cheers for the ‘Team in Blue’ at their match in Guyana could be heard even back home in India!
Friends,
This morning, I had the honour of addressing the Guyanese Parliament. Coming from the Mother of Democracy, I felt the spiritual connect with one of the most vibrant democracies in the Caribbean region. We have a shared history that binds us together. Common struggle against colonial rule, love for democratic values, And, respect for diversity.
We have a shared future that we want to create. Aspirations for growth and development, Commitment towards economy and ecology, And, belief in a just and inclusive world order.
Friends,
I know the people of Guyana are well-wishers of India. You would be closely watching the progress being made in India. India’s journey over the past decade has been one of scale, speed and sustainability.
In just 10 years, India has grown from the tenth largest economy to the fifth largest. And, soon, we will become the third-largest. Our youth have made us the third largest start-up ecosystem in the world. India is a global hub for e-commerce, AI, fintech, agriculture, technology and more.
We have reached Mars and the Moon. From highways to i-ways, airways to railways, we are building state of art infrastructure. We have a strong service sector. Now, we are also becoming stronger in manufacturing. India has become the second largest mobile manufacturer in the world.
Friends,
India’s growth has not only been inspirational but also inclusive. Our digital public infrastructure is empowering the poor. We opened over 500 million bank accounts for the people. We connected these bank accounts with digital identity and mobiles. Due to this, people receive assistance directly in their bank accounts. Ayushman Bharat is the world’s largest free health insurance scheme. It is benefiting over 500 million people.
We have built over 30 million homes for those in need. In just one decade, we have lifted 250 million people out of poverty. Even among the poor, our initiatives have benefited women the most. Millions of women are becoming grassroots entrepreneurs, generating jobs and opportunities.
Friends,
While all this massive growth was happening, we also focused on sustainability. In just a decade, our solar energy capacity grew 30-fold ! Can you imagine ?We have moved towards green mobility, with 20 percent ethanol blending in petrol.
At the international level too, we have played a central role in many initiatives to combat climate change. The International Solar Alliance, The Global Biofuels Alliance, The Coalition for Disaster Resilient Infrastructure, Many of these initiatives have a special focus on empowering the Global South.
We have also championed the International Big Cat Alliance. Guyana, with its majestic Jaguars, also stands to benefit from this.
Friends,
Last year, we had hosted President Irfaan Ali as the Chief Guest of the Pravasi Bhartiya Divas. We also received Prime Minister Mark Phillips and Vice President Bharrat Jagdeo in India. Together, we have worked to strengthen bilateral cooperation in many areas.
Today, we have agreed to widen the scope of our collaboration -from energy to enterprise,Ayurveda to agriculture, infrastructure to innovation, healthcare to human resources, anddata to development. Our partnership also holds significant value for the wider region. The second India-CARICOM summit held yesterday is testament to the same.
As members of the United Nations, we both believe in reformed multilateralism. As developing countries, we understand the power of the Global South. We seek strategic autonomy and support inclusive development. We prioritize sustainable development and climate justice. And, we continue to call for dialogue and diplomacy to address global crises.
Friends,
I always call our diaspora the Rashtradoots. An Ambassador is a Rajdoot, but for me you are all Rashtradoots. They are Ambassadors of Indian culture and values. It is said that no worldly pleasure can compare to the comfort of a mother’s lap.
You, the Indo-Guyanese community, are doubly blessed. You have Guyana as your motherland and Bharat Mata as your ancestral land. Today, when India is a land of opportunities, each one of you can play a bigger role in connecting our two countries.
Friends,
Bharat Ko Janiye Quiz has been launched. I call upon you to participate. Also encourage your friends from Guyana. It will be a good opportunity to understand India, its values, culture and diversity.
Friends,
Next year, from 13 January to 26 February, Maha Kumbh will be held at Prayagraj. I invite you to attend this gathering with families and friends. You can travel to Basti or Gonda, from where many of you came. You can also visit the Ram Temple at Ayodhya. There is another invite.
It is for the Pravasi Bharatiya Divas that will be held in Bhubaneshwar in January. If you come, you can also take the blessings of Mahaprabhu Jagannath in Puri. Now with so many events and invitations, I hope to see many of you in India soon. Once again, thank you all for the love and affection you have shown me.
Thank you. Thank you very much.
And special thanks to my friend Ali. Thanks a lot.
