Harnessing IT for Growth
Gujarat is one of the most prosperous States in the country. With 4.93% population of the country it contributes about 16% of the country’s manufacturing GDP. Gujarat has emerged as India’s most preferred destination for investments and it has attained one of the highest GDP amongst the Indian States.
Gujarat has excellent physical infrastructure and has made rapid strides in the field of Information Technology (IT) and IT enabled sectors (ITES). Companies like M/s. TCS, M/s. Patni Computers Ltd, M/s Mphasis are already functioning in the State while M/s. Syntel Inc, M/s. Vora Technology Park, M/s e-Infochips, M/s Collabera and several other will soon be setting up/expanding their development centres in the near future.
Gujarat has one of the highest tele-density in the country. All major telecom operators of the country such as M/s Vodafone Essar, M/s Bharti Airtel, M/s Reliance Communications, M/s Tata Communications, M/s Idea Cellular and the public sector telecom operator M/s. BSNL are operational in the State. Gujarat has excellent telecom net work and all major towns and cities are connected through land line and mobile network. Besides exiting IT parks such as INFOCITY, Gandhinagar & GNFC INFOTOWER, Ahmedabad, recently 2 IT SEZ viz., "Mindspace", Gandhinagar by M/s K Raheja and "Knowledge Park", Vadodara by M/s L&T have also become operational.
During March 2007, Government of India had announced Semiconductor Policy and Gujarat being one of the preferred manufacturing destinations; the State government has decided to extend the benefits of IT Mega Projects policy, on case to case basis, to these industries as well.
Special Incentive Package for Semiconductor Industry
- Semiconductor Policy of the Government of India
- A special incentive package for setting up semiconductor fabrication and other micro and nanotechnology manufacturing industries
Detail of special incentive package for semiconductor industry
|Type of unit||Threshold Investment NPV||Incentive to SEZ ||Incentive in Non SEZ|
|Fab unit||609.8||20% of capex||25% of capex + CVD*|
|Eco-system unit||244||20% of capex||25% of capex + CVD*|
Very soon, Ahmedabad – Gandhinagar knowledge corridor is going to be an IT SEZ hub. In addition to the proposed Gujarat International Financial Tec City (GIFT) Project in between Gandhinagar and Ahmedabad, other well known IT Park developers such as M/s. DLF, M/s. Raheja, M/s Hiranandani, M/s Vascon (as co-developer with M/s Citygold) are setting up IT SEZ/ IT parks in Ahmedabad and Gandhinagar.
Gujarat International Finance Tec-City (GIFT)
Area detail of Gujarat International Finance Tec-City
|Land||Multi-services SEZ||Domestic tariff area||Built space||FSI/FAR||Green belt||Building height|
|500 acre||250 acre||250 acre||7.5 mn. sq. m.||3.65||0.59 mn. sq. m.||400 m.|
GIFT ICT advantage
- High speed IP-based network
- Infinite bandwidth
- Robust data centre with disaster recovery sites
- Intelligent building services
- Shared market infrastructure (Access to National and Global Stock Exchanges)
- Secure, reliable, scalable platform for global financial communities
Source: Gujarat Urban Development Corporation (GUDC)
Central business hub of an integrated Development Plan area sprawling over about 27,000 acres
- State-of-the-art connectivity, infrastructure and transportation access
- Infrastructure services to support businesses including connectivity, IT, walk-to-work housing, security and services
- Mass Rapid Transit system linking the Project site tot he cities of Ahmedabad and Gandhinagar
Global BPO hub for financial services
Preferred off-shoring location for global financial services players
Operations hub for domestic financial services
Centralized hub for mid and back office related activities for domestic financial services company
Global IT hub for financial services
Development and system support center for IT players with significant presence in fianncial services sector
Global R & D hub for emerging sectors
Preferred R & D hub for industry
Financial center for select product markets
Integrated financial center dealing with the full set of financial services product including capital markets and trading.
Several local IT park developers such as M/s. Ganesh Housing, M/s Adani, M/s Shivganga, M/s. Calica, M/s SGV are also setting up IT SEZs in this corridor. In addition, Gujarat Industrial Development Corporation (a Govt. of Gujarat company) has also set up Electronics SEZ in Gandhinagar and another IT SEZ for IT mega projects will soon be operational in the IT zone of the capital city, Gandhinagar. - List of IT/ITES SEZ Parks
Similarly, Vadodara is another growth story where M/s. Larsen & Toubro (one of the most diversified company in India) has set up IT SEZ near Vadodara while State government has proposed to set up IT park at Priyalaxmi Mills land in the heart of the city by inviting bids from eligible IT park developers/ anchor IT company. Likewise, another IT SEZ near industrial town of Vapi, Disrict Valsad has been proposed by M/s Mexus Corporation.
In order to promote balanced growth of IT Sector in the State, Govt. of Gujarat (GoG) has received approval of Software Technology Park of India, (STPI) to set up STP centre at Surat which is likely to be operational in 2010-11. State government is also planning to set up STP centres at Rajkot, Jamnagar and Bhavnagar.