The GIFT City project envisions creating a smart city. It is a special economic zone (SEZ) located in Gandhinagar, Gujarat, India. The project was launched in 2007 and is being developed by the Gujarat International Finance Tec-City Company Limited (GIFT City).
GIFT City is a planned city that is designed to be a hub for financial services, IT, and other knowledge-based industries. It is being developed on a 1,000-acre (400 ha) site and is expected to be completed by 2020.
The city will have a number of features that make it a smart city, including:
- A high-speed fiber optic network
- A smart grid
- A smart transportation system
- A smart water management system
- A smart waste management system
- A smart security system
GIFT City is expected to be a major economic driver for Gujarat and India. It is expected to create over 100,000 jobs and generate over $10 billion in economic activity.
The other options are incorrect because:
- An industrial zone is a designated area where industrial activities are concentrated.
- A tourism hub is a place that attracts tourists.
- An agricultural research center is a place where research on agriculture is conducted.