GIFT City wins Cisco Technology Award for Smart City of the Future

Written by FE Online | Updated: Jul 31 2014, 23:39pm hrs
Gujarat International Finance Tec-City (GIFT City), countrys first integrated smart city being developed as a Global Financial Hub, has won the Cisco Technology Award for building Indias first Smart City with best-in-class sustainability features and technologies.

GIFT City is the recipient of Smart City of the Future Award, an accolade that recognises stand-out organisational contributions in driving change through technology. The award was conferred to GIFT Citys MD & Group CEO Mr. Ramakant Jha at a glittering ceremony organised in Mumbai on July 30, 2014 in which Mrs. Arundhati Bhattacharya, Chairman, State Bank of India was the Chief Guest.

Cisco Technology Awards are first of its kind awards, aimed at recognising and commending the organisations that have harnessed the potential of Internet of Things (IoT) or Internet of Everything (IoE) to transform the business and lives of people in India.

We are pleased to receive this award from the company which has brought revolution in IoT. This award recognises our efforts in achieving the vision of GIFT City laid down by Honble Prime Minister of India i.e. to tie up with technology, to create a hub complete with infrastructure, to meet the needs of modern India and to create a space in the global financial world, said Mr. Ramakant Jha, MD & Group CEO, GIFT City Co. Ltd.

Since the Internet revolution, technology has played decisive role in the financial services industry worldwide and changed global trade mechanism. GIFT City is being developed as an integrated smart city, which is helping India in creating technology based Global Hub for financial services by keeping in mind Walk to Work concept and improving the lifestyle of those involved through technology.

With Mr. Narendra Modi, Prime Minister, India laying a great emphasis on setting up 100 smart cities in India, GIFT City can lead in realising this vision, added Mr. Jha.

GIFT City is Indias first Global Financial Hub creating operations for domestic and international businesses. The international financial services will be carried out in a multi-service SEZ with International Financial Service Centre (IFSC) status that would cater to India's large financial services potential by offering global firms, world-class infrastructure and facilities.