IL&FS & GIFTCL to develop Smart Mobility Solutions

Infrastructure Leasing & Financial Services (IL&FS) and Gujarat International Finance Tec-City Company (GIFTCL) have signed an MoU with Siemens to develop Smart Mobility Solutions for Gujarat International Finance Tec-City (GIFT), Gujarat. GIFT in Ahmedabad is being designed as a hub for the global finance services industry. Over the medium term, GIFT expects to generate 500,000 direct jobs and another 500,000 indirect jobs. The city has already successfully sold development rights equivalent to 14 mn sq ft. Contact: Infrastructure Leasing & Financial Services. Tel: 022-2653 3333. Website: www.ilfsindia.com