ONE DESTINATION WHERE THE WORLD OF BUSINESS CONVERGES.

Transcription

1 ONE DESTINATION WHERE THE WORLD OF BUSINESS CONVERGES.

2 ASIA ASIA In the last 20 years, the world has transformed faster than any point in time in history. The balance of power is amidst its greatest struggle. Countries that were considered developing are now at the forefront of growth. And the continent that was considered a dark horse is now leading the world from the front. The story of Asia s growth is as stunning as it is fascinating. And is just beginning to unfold. ASIAN GDP WILL BE LARGER THAN THE US AND EUROPE COMBINED BY ASIA IS EXPECTED TO PRODUCE HALF THE WORLD S ECONOMIC OUTPUT BY THE FUTURE OF THE FINANCIAL SPHERE The financial sectors in Asia are realizing their extraordinary growth potential. The growing activity in the financial sphere is inducing the emergence of new financial hubs. In the near future, Asia will be home to many global financial centers with Shanghai, Tokyo, Hong Kong and Singapore competing with established financial cities like New York and London. FAST GROWING ASIAN EQUITY MARKETS WILL REPRESENT 42% OF GLOBAL MARKET CAPITALIZATION BY 2030 AND 72% BY At the heart of this engine of global growth are the financial centers that fuel its economy. These financial centers are driving and reviving growth that has been steady and increasing over the last few quarters and is likely to only become stronger. As a result, all over the continent, more and more financial centers are emerging and flourishing. And it is now time that India got its first. ASIAN ECONOMIC GROWTH WILL BE APPROXIMATELY 2.5 TIMES THE REST OF THE WORLD. The opportunities are huge. It was only expected that the world s biggest financial corporations are heading towards Asia. Now is the time for one of the fastest growing Asian economies India to capitalize on its competency and rise to its true potential. With its impressive growth rates that surpass those of the best performing economies of the world, India has already proved its worth. And this is just the beginning. Even today, India is, without a doubt, an economy with enough potential to become a leader on the world stage. THE ASIAN FINANCIAL SYSTEM WILL BE TWICE AS LARGE AS THAT OF THE US BY 2030.

3 INDIA A population of 1.2 billion people. 377 million urban residents. 468 class-1 towns. 3 megacities, each exceeding 10 million population. The world s youngest workforce. India stands at an unparalleled position in the world today, with demographics that make it one of the youngest countries in the world. Its vast population, in tandem with a high growth rate, makes it a large market with high customer potential. An aspect that catches the interest of global majors aspiring to do business in India. In the past few years, India has emerged as one of the top five investment destinations in the world. With the opening up of Foreign Direct Investment (FDI) in several sectors and relaxation of norms, a vast opportunity has been created for overseas investors, encouraging further investment. There is a momentous potential for growth. If we can capitalize on this potential, with a consistently high growth rate and expanding market, India can see itself as the leader on the world stage in the coming years. According to World Bank report, India is presently the third largest economy in the world on purchasing power parity (PPP) basis.

4 GROWTH ENGINE Fastest growing per capita income in India Least man days lost in the country A set up of 200 Industrial Estates 60 SEZs, Industrial and IT parks One of Asia s largest data center is being set up A PIONEER India's first IFSC Developing Public Private Partnership Established first ever private port in India Introduced interlinking of rivers in India GUJARAT S SHARE IN INDIA S GROWTH 25% of Indian exports 16% of total industrial output of India 28% pharmaceutical production of India 22% of India s Investments 62% and more, of India s total production of petrochemicals 15% of chemical exports 7-9% contribution of financial services to GDP STRATEGIC LOCATION A gateway to landlocked states of India Excellent connectivity to the world by road, rail and air One of the largest wide area networks in Asia 1600 kms of coastline 1 hour distance from Mumbai Remarkable road connectivity from NH8 % GUJARAT, AHEAD OF ITS TIME EFFICIENT INFRASTRUCTURE INTRODUCING GUJARAT THE GATEWAY TO OUTSTANDING OPPORTUNITIES - GUJARAT At a time when the world has its eyes on India and its phenomenal growth, India is looking towards Gujarat, the leading Indian state, as the growth engine of India. One of the most progressive states with big opportunities and a bigger vision, it has always capitalized on every strategic opportunity it met to shape the booming economy that Gujarat is today. While the spirit of enterprise persists in the heart of the state since decades, its pro-active administration, business friendly policies and an efficient infrastructure has given it the platform that was needed to make this fast developing state, a globally preferred investment destination. Presents a market capitalization opportunity of almost 1.5 trillion Presence of key mega corporations: public and private 3 of the country s commodities exchange are here Is a preferred hub for defense production Has one of the world s largest grass root refinery Has some of the largest canals and dams in the world Has the only 2 LNG terminals in India Produces a low carbon footprint by harnessing water and wind resources One of the states with the most efficient infrastructure in the country Ranked 2nd in terms of value and number of PPP projects by the World Bank Internet connectivity across the state 24 hour electricity

5 A PARADIGM FOR ECONOMIC GROWTH: Ahmedabad Gandhinagar Metropolitan Area To realize the vision of making Gujarat a globally competent state, a comprehensive plan for the state has been charted out that encourages industries, IT & financial services and all other economic activities that will give Gujarat its ultimate economic boost. The Special Investment Regions (SIRs), Petroleum, Chemicals and Petrochemicals Investment Region (PCPIR) and Delhi Mumbai Industrial Corridor (DMIC) proposed as a part of this plan are poised to transform the industrial scenario in the state. Integrated large area developments DELHI Special Investment Regions (> 100 sq. km.) Industrial Areas ( sq. km.) Delhi Mumbai Industrial Corridor DEDICATED FREIGHT CORRIDOR (DFC) DFC (Dedicated Freight Corridor) is a new rail transportation system with high axel, multi-modal and computerized features 38% (564 km) of the 1500 kms length of DFC will pass through Gujarat MUMBAI DELHI MUMBAI INDUSTRIAL CORRIDOR (DMIC) PALANPUR MEHSANA AHMEDABAD VADODARA BHARUCH DHOLERA SURAT NAVSARI VALDAS A high impact industrial area within 150 kms distance on both sides of the DFC, with an investment potential of US$ 90bn being laid down between Delhi and Mumbai. A flagship project of Japan and India DMIC area to be developed as Global Manufacturing & Trading Hub Supported by world class infrastructure & enabling policy framework 37% of the planned Delhi Mumbai Industrial Corridor route is through Gujarat More than 60% of total investments are likely to be in Gujarat DHOLERA SPECIAL INVESTMENT REGION (DSIR) AHMEDABAD GANDHINAGAR METROPOLITAN REGION A world class development spread over 900 sq. km. Strategic location and widely connected Airport and Sea Port in the vicinity Central spine express way and high-speed Metro Rail to link the SIR with Ahmedabad High Access Corridor: City Center, Industrial, Logistic, Knowledge and IT, Recreation and Sports, Entertainment

6 GIFT AS COMPARED TO GLOBALLY BENCHMARKED FINANCIAL CENTERS Paris Tokyo London Pudong GIFT (La Defense) (Shinjuku) (Dockyards) (Lujiazui) Land Area (sq km) Construction Scale (in mn sq m) Greenbelt (in thousand sq m) Height (m) The project is an ideal blend of high quality commercial, residential and social facilities that optimise land and real estate values, global connectivity and gen-next infrastructure. With a 360 degree perspective on development and by offering a world-class platform for business and living, it will attract global firms and top talent in the country. It is the single largest project which has the potential to generate 10 lakh direct and indirect jobs, and attain a 6-8% share of the financial services potential in India. INDIA'S FIRST IFSC REDEFINING THE FINANCIAL SPHERE The Government of India approved GIFT Multi Services SEZ as an International Finance Services Center the only approved IFSC so far in India. This has opened new avenues for the financial services sector in India and created a world of opportunities that never existed before. The project s target is to cater to 6-8% of the financial services potential in India. Considering the need for an infrastructural base that gives a boost to the economic growth of India, an IFSC is the most imperative for India right now to put itself on the international map. There is a clear interest for various financial institutions to move into GIFT City because of its infrastructure and cost advantage. Leading nationalised banks like State Bank of India and Bank of Baroda, among many others, are ready to set up operations in GIFT and several private institutions will follow suit. The investments have already started pouring in. Financial Technologies Knowledge Management Company Ltd (FTKMCL) will invest Rs.50 crore for a training centre for financial services and The Institute of Cost Accounts of India will invest Rs.50 crore for a centre of excellence. GIFT City also aspires to become an operations hub for national financial services, a regional or functional headquarters for banking, financial services and insurance (BFSI) players and a private banking hub for non-resident Indians and regional high net worth individuals. It is also targeting to become an international micro-finance hub and a global information technology and business process outsourcing hub for the financial services sector. GIFT CITY Shinjuku in Tokyo, Lujiazui in Shanghai, La Defense in Paris and Docklands in London these are just some of the success stories the world has known as International Financial Centers that changed the course of growth in their economy, serving as financial hubs that attract massive amount of business. The next big story is taking shape in India, as GIFT City in Gujarat - India's first International Financial Services Center (IFSC) and one of the most ambitious projects ever undertaken in the Indian Infrastructure space that seeks to be at or above par with these globally benchmarked financial centers. Recognizing the potential of the state to match international standards in services and infrastructure, the Government of Gujarat formulated GIFT to realize this vision. Conceptualized as a global and financial services hub, GIFT aims at enabling economic growth through relocation and centralization of India's financial and IT sectors and providing the turn-key location for global firms. The Bombay Stock Exchange is looking forward to relocate its back office operations to Gandhinagar-Ahmedabad. 80 of the 742 odd-members of the Bombay Stock Exchange Brokers Forum have already been allotted spaces in GIFT City, giving a further boost to this initiative.

7 ARTISTIC IMPRESSION OF GIFT CITY MASTER PLAN

8 ACTUAL PICTURE - GIFT ONE & TWO ACTUAL PICTURE - GIFT ONE & TWO DIAMOND TOWER (CENTER) & GATEWAY TOWERS (LEFT AND RIGHT) ARIAL VIEW OF SAMRUDDHI SAROVAR

9 SCOPE OF ACTIVITIES IN GIFT 1: OFFSHORE BANKING : Foreign Currency Lending : Taking of Deposits : Issue of Securities : Over the Counter (OTC) Trading in Derivatives for Risk Management and Speculative Purposes : Venture Capital 2: CORPORATE TREASURY MANAGEMENT : Managing Foreign Exchange Transactions : Hedging Operations : Raising and Investing of Cost 3: FUND CUSTODY, ADMINISTRATION AND CUSTODY : Custody of Corporate Funds : Trust Companies : Asset Management : Hedge Funds : Investment Counsellors and Portfolio Managers THE PARADIGM OF A WORLD-CLASS CITY GIFT is envisaged as an Eco-City that will serve as the Vibrant Hub of Western India and as a habitat showcasing business oriented, environmentally-sensitive growth with equity. Planned as a Central Finance Business District (CFBD) between Ahmedabad and Gandhinagar, GIFT is a greenfield development where the fundamental principles of life and livability lay the foundation for the city. The world-class infrastructure planning of GIFT City has not only won itself the most prestigious award in the category of 'Best Industrial Development & Expansion' at the 'Infrastructure Investment Awards ' organized by World Finance Group based in London, among many others, but has also inspired many other such developments in the country. The Government of India in its recent announcement has decided to develop 100 smart cities in India on the lines of GIFT City. Impeccable planning, cutting-edge technology and the best practices from around the world gives GIFT this unique status. State-of-the-art connectivity, infrastructure and transportation access have been integrated into the design of the city. INTEGRATED RESIDENTIAL DEVELOPMENT: Well-planned residential housing projects Walk-to-work SMART BUSINESS ENVIRONMENT: Futuristic office spaces, high-rise district with landmark buildings 4: SECURITIES TRADING : Regional Financial Exchange : Securities Trading : Futures and Options Trading : Commodities Trading 5: INSURANCE, ASSURANCE AND REINSURANCE : Life and Non-Life Insurance Business : Assurance Companies : Captive Insurance : Reinsurance and related operations 6: OTHERS : International Business Companies : Back Office Operations : Ship Management & Maritime Operations : Export Finance Companies : Companies involved in Lending activities, Trade : Finance activities, International Leasing, Foreign : Exchange dealers, International Factoring : Representative offices : Money Changers and brokers GIFT PARTNERSHIP WITH DIFC AND DMCE On the lines of one of the most successful financial centers -Dubai, GIFT City is establishing itself as a leading center in the financial world. Towards this objective, a representative panel from GIFT visited Dubai and engaged in a dialogue with two prominent companies of Dubai Dubai international Financial Services Center and Dubai Multi-Commodity Exchange. The two companies showed great interest in the project, resulting in an agreement to signing of an MoU between GIFT and DFIC & DMCE, which is going to take place shortly. Dubai is a huge financial center and this partnership is going to benefit GIFT immensely as far as financial services and commodity exchange is concerned. OVERALL CONNECTIVITY/ TRANSPORT: External Connectivity includes MRTS / BRTS/ Roads Public-Private Modal Split 90:10 BASIC INFRASTRUCTURE: Uninterrupted and highly reliable power supply (99.999%) Next generation water & waste management, district cooling systems SOCIAL INFRASTRUCTURE: International Exhibition Complex Educational Institutes International and Domestic Schools State of the Art Hospital Training School 5 Star Hotels and Business Club RETAIL CUM ENTERTAINMENT HUBS: High quality entertainment malls Large river front entertainment development Over 60% of green space TECHNOLOGY: Broadband FTTP WiFi / Wimax Shared IT Services Global Connectivity

10 STATE-OF-THE-ART INFRASTRUCTURE ICT: Creating leading-edge infrastructure, services and platforms and offering financial services & IT/ITeS enterprises a significant competitive advantage to operate regionally and globally. ROADS: World-class roads planned in a manner that aims at making GIFT a zero accident city. Best in Class Customer Experience Cost-effective ICT Pre-enabled on demand Infrastructure Secure & Resilient ICT Environment Gateway to Financial Markets DISTRICT COOLING SYSTEM: Introduced for the first time in India for commercial use, a process where chilled water is supplied till building level, reducing energy and maintenance cost, reducing noise and vibrations and improving air quality. RAW WATER FROM NARMADA CANAL RESERVOIR Water with sludge WATER MANAGEMENT: A zero discharge city with storage and utilization of surface run-off and rain water. Drinkable water from tap and next class Water Treatment Plants and Sewage Treatment Plants to be installed. Waste Water Makeup for Water Bodies RO Plant DOMESTIC USES Waste Water Waste Water WTP Filtered Water Softening Plant COOLING TOWER STP FLUSHING TOWER Horticulture Waste Water POWER: Ensuring % power reliability, which means an outage of 5.3 minutes per annum. AUTOMATED WASTE COLLECTION SYSTEM: A next generation technology that allows automated collection, separation and treatment of waste without human intervention. It is the most environmentally-sensitive method to recycle waste and keep the city clean.

11 FIRE STATION AND EMERGENCY RESPONSE CENTRE: A unique building with provision for five tender bays, two emergency response vehicles, administration, training and residential facilities. MULTI-LEVEL CAR PARKING: 9 multi-level parking planned, each having 10,000 car parks capacity, supplements on-site parking. UTILITY TUNNEL: A tunnel that runs throughout the city, through which all utility services except gas and sewerage can be routed, giving easy access to pipes and avoiding digging for maintenance and upkeep. HOME TO THE FUTURE AT THE LOCATION OF TOMORROW GIFT City is located in AGMR in Gujarat, giving it unmatched access to all traditional nodes. It is located on the picturesque banks of the river Sabarmati, making it a conducive destination to live, work and play: 15 min drive from the airport 30 min from Sabarmati Railway Station Easy access from S.G. Road, S.P. Singh Road and Airport Road GIFT: A TRIGGER FOR DEVELOPMENT GIFT is a much needed trigger for development in Gujarat and not a standalone real estate development. The business it will attract will position it as an urban business and residential center and contribute to expanded development in the state. SAMRUDDHI SAROVAR: Artificial water body of 1.2 km planned which will work as a 15 day water reservoir for the city and will add recreational and aesthetic value. About 3,000 acres earmarked for GIFT Expansion Zone around GIFT Integrated townships to be developed in surrounding development zone sq. kms. To be regulated by a dedicated Area Development Authority ensuring singular control for coherent and sustainable development 10 acre land having offices (500 sq.ft. to 2,00,000 sq.ft.) Retail spaces (2000 sq.ft sq.ft.) Residences/studios (400 sq.ft.)

12 GIFT CITY - MASTER PLAN

13 WTC TRANSFORMATIONAL IMPACT The World Trade Center hasn t just connected businesses around the world; it has transformed the landscapes it has touched. A look at the business scenario of WTC locations around the world reveals how there has been a sharp rise in the rentals, occupancy and revenues generated in and around the WTC and how it has impacted business and infrastructure in the region. DUBAI (1978) DUBAI (2014) WORLD TRADE CENTER The largest network of office complexes and intellectual capital in the world, the World Trade Center is a globally recognized and trusted brand for international business connections. With office complexes in 330 cities across 100 countries, serving over 1 million members companies, it seamlessly interconnects businesses around the world. Headquartered in New York, USA, the unilateral objective of WTC is to promote prosperity through international trade providing a host of reciprocal services to help foster partnerships. The strong global presence of the World Trade Center enables it to connect its members to people, companies, business database and government agencies across the world, thereby creating a powerful fabric of global commerce. It is this international connectivity that makes it a preferred destination for Fortune 500 companies as a place to work and conduct trade shows, meets, international conferences and endless seminars.

14 THE ECONOMIC IMPACT OF WTCS AMSTERDAM Average Office Lease Rates WTC: $37.77 psf Market: $35.69 psf % Difference: 5.8% WTC Amsterdam has catalyzed development in Zuidas, now one of the most vibrant areas of Amsterdam, offering world-class business facilities as well as restaurants, retail and services. It attracts an estimated 193,600 overnight visitor-days and 14,600 day-trip visitor days annually. The combined estimated direct, indirect and induced spending associated with WTC Amsterdam equals $150.9 million annually (2006 dollars). Fiscal impact (i.e. new city taxes): $43.6 million. BOSTON Average Office Lease Rates WTC: $45 psf Market: $33.75 psf % Difference: 25.4% Average Office Occupancy WTC: 98 percent Market: 89.2 percent % Difference: 9.9% WTC Boston has dramatically impacted commercial development of the South Boston waterfront. Major projects in the revived 1,000-acre Seaport District since the WTC arrived include apartments and condominiums, hotels, retail centers, office buildings and a new subway station, among others. It attracts an estimated 1 million overnight visitor-days and 600,000 day-trip visitor days annually. The combined estimated direct, indirect and induced spending associated with WTC Boston equals $582.8 million annually (2006 dollars). Fiscal impact (i.e. new city taxes): $142.9 million. SAN MARINO Average Office Lease Rates WTC: $29.74 psf Market: $22.88 psf % Difference: 30.0% SAO PAULO Average Office Lease Rates WTC: $46.3 psf Market: $38.28 psf % Difference: 20.9% Average Office Occupancy WTC: 96 percent Market: 85 percent % Difference: 12.9% WTC São Paulo was the first major investment venture in the Brooklin area of the city, and quickly led to other nearby developments. Just six miles from the city center, the former residential neighborhood is now the second largest commercial, shopping and entertainment district in the city. In recent years, Brooklin has become home to many large multinationals. It attracts an estimated 500,000 overnight visitor-days and 312,500 day-trip visitor days annually. The combined estimated direct, indirect and induced spending associated with the WTC São Paulo equals $371.6 million annually (2006 dollars). Fiscal impact (i.e. new city taxes): $33.6 million. SEOUL Average Office Lease Rates WTC: $69.58 psf Market: $56.61 psf % Difference: 22.9% Average Office Occupancy WTC: 100 percent Market: 94.3% % Difference: 6.1% The WTC Seoul complex consists of a 2 million square foot Convention and Exhibition Center (COEX), a 54-story Trade Tower, a 42-story Asia European Meeting (ASEM) tower, two Intercontinental Hotels, a 280-unit residential tower, and the COEX Mall. It is largely due to the WTC Seoul and the associated development it spawned in the southwest Kangnam Business District (KBD) that the KBD is now predicted to surpass the Central Business District (CBD) as the city s commercial and financial center. WTC Seoul attracts an estimated 2.1 million overnight visitor-days and 1.1 million day-trip visitor days annually. The combined estimated direct, indirect and induced spending associated with WTC Seoul equals $1.9 billion annually (2006 dollars). Fiscal impact (i.e. new city taxes): $386.9 million. The twin, signature towers of WTC San Marino house 13,000 square meters of space. It enjoys a 95 percent occupancy rate with annual rental rates of 250 Euros per square meter. Following the opening of WTC San Marino, a wave of new business and residential development has taken place between the WTC and the old historic district of the city. These developments are not the result of foreign investment, but rather represent the efforts of local investors for local businesses and residents.

15 WTC GIFT CITY, GUJARAT Great potential can only be exploited by absolute competency. As a globally recognized brand, the World Trade Center brings that kind of competency and prestige along with itself that will take the GIFT City to a whole new level. In the Gujarat International Finance Tec-city (GIFT), it is emerging as a lucrative project that is set to change the course of business in the region. WTC GIFT is a leading and facilitating initiative that will establish the region as an important economic development vehicle. Falling in line with the prime mission of a WTC that is to support the world trade objectives of the region it is present in, WTC GIFT will reflect the business resources and business goals of Gujarat as a whole with carefully tailored services for individual objectives, opportunity and obstacles of the region.

16 WTC ADVANTAGE Pursuing its objective of promoting trade and economic development in the region that it operates in, WTC tailors its services to meet the requirements of that specific area. In India, it assumes the role of a Global Trade Accelerator, facilitating, building and promoting international trade; takes a lead in Human Capital Development with its initiatives like the Young India Turks - a global resource center for human capital development and works as an Economic Development Center promoting international (inbound and outbound) investment through knowledge base and focused events and forums like Venture India. ASIA DESK FACILITATING ASIAN TRADE & INVESTMENT Keeping the great potential of the Indian-Asian trade in mind, WTC offers Asia specific services which include: Providing information related to various promising sectors of the Indian economy to the Asian investors and windows at all WTC networks in Asia globally Identifying three critical industries for cooperation with each country Identifying three top industries in every country with interest in India s economy and vice versa VARIOUS PROGRAMS & EVENTS ON INTERNATIONAL TRADE & INVESTMENT WTC: INSPIRING GIFT CITY INFRASTRUCTURE Conferences in different countries Trade fair participations in every country Membership (Indian & International SME s) Training & Skill Development Programs Research & Publication Customized Research & Publication Directories (Indian SME s in China & Chinese SME s in India) INVESTMENT HUB: INBOUND/OUTBOUND Every World Trade Center has an impact that goes way beyond the boundaries defined by the WTC complex. The international trade that a WTC attracts has a positive ripple effect that influences business and infrastructure in the entire region surrounding it. WTC Gift City brings many such implications for GIFT City and Gujarat. IMPACTING REGIONAL DEVELOPMENT Because of the scale of government sponsorship, WTC GIFT will dramatically upgrade local real estate patterns, providing strong investors ROI. INFRASTRUCTURE GROWTH WTC GIFT, by its very virtue will increase the regional trade and inspire infrastructure growth, creating an ecosystem that will put WTC GIFT at the centre and create a radial growth pattern around the facility. ECONOMIC GROWTH With conference and exhibition facilities, WTC GIFT is sure to attract substantial out-of-town visitation, producing positive fiscal impact for their communities. CONCENTRATION OF SERVICES WTC GIFT will also consolidate international trade agencies and private sector firms involved in global trade and commerce, providing single-point to multiple platforms. Leveraging Investment Potential WTC helps drive more investment in the economy by: Creating more opportunities by linking buyers and sellers Promotion of sectors for investment Promotion of state for investment Resource Mobilisation & Capacity Building Human Resource Development WTC aims at developing skilled workforce which is indispensable for the expansion of a business or development in an economy. It focuses on Human Resource Development, Incubation & Mentorship, Resource Mobilisation and Skill Development & Upgradation by providing: Knowledge sharing platforms Workshops and Training programs Seminars & Forums Executive Programs Trade Skill Development and Up Gradation Programs Event Facilitation Research Papers & Publications Expert advice (Mentors) Leveraging development potential of industrial startups and sub sectors Strong supporting industries like Government, Private and Social institutions Innovation and Incubation cell Access to Funding for Incubates

17 EXPERIENCE

18 3. Capital Appreciation 1. Security of Investment On this day, GIFT is the most ambitious project in Gujarat, envisioned and backed by the Gujarat Government itself and competing with the best financial sectors in the world. The state has already established itself as a preferred business destination, with its pro-business policies, well planned infrastructure and an enviable growth rate of more than 10% for the last ten years. The coming of a globally recognized brand like the World Trade Center into the first IFSC in India - GIFT City, makes it a profitable proposition for both. The conviction that the global powerbrand WTC gives, with a trusted name like Viridian makes GIFT City the most promising and dependable project in the business landscape. As trade catalysts, WTC Complexes facilitate international trade and thus contribute to development of regional business communities, creating thousands of job opportunities and enabling millions of dollars of business for the regional community. And as real estate projects, WTC buildings are high profile developments that convey a premier international address and are highly desirable locations for business tenants to occupy. It has also been demonstrated that WTC Complexes also influence the infrastructure development in the region. As a result, the value appreciation of WTC properties is faster than the average market and stays consistently higher. In a newly developing zone like GIFT, WTC GIFT will also have a first mover advantage considering the huge growth potential when it is complete. A glance at the NHB RESIDEX Ahmedabad reveals the constant upward trend in demand and prices in the last few years in Ahmedabad, establishing the growing prominence of the city as a residential city. This demand will reflect in and increase with the Word Trade Center coming in GIFT. 2. High Returns The global trends of WTC suggest that WTC complexes around the world outperform similar buildings in their markets when it comes to rentals and occupancy. WTC buildings on an average enjoy 33% higher occupancy and 18% higher rental, with the difference in rentals going as high as 30% in San Marino and 33.3% in Boston. The World Trade Center brand and the exceptional facilities and services it provides attract some of the biggest names from business. Large number of people frequenting the complex generate more demand for the complex resulting in higher rents, faster sales, longer leases and higher occupancy. In places like Sao Paulo and Seoul, the occupancy levels go as high as 96% to 100%. Making WTC not only the preferred business hub, but a lucrative investment destination as well. 4. Pride As businesses from around the world come together at WTC, it creates a powerful lobby of like-minded entrepreneurs that can influence policy and legislation, making it a premium real estate address that never fails to deliver, be it business for its members or premiums for its investors. WTC complexes become landmarks in the region they serve, not only for the business circle they create around them but also because there can be only one WTC facility in a city. This makes it an exclusive symbol of international connectedness and competitiveness in the region. Now, WTC GIFT City is set to be the landmark that GIFT and Gujarat will be known by. Located in GIFT, which is generating a lot of interest from the business community, with GIFT 1 Tower leased out already, WTC GIFT City becomes an even more profitable investment.

19 WTC GIFT City aspires to be the temple that India is known by. THE PROJECT A bold step for Gujarat, a new landmark for Ahmedabad-Gandhinagar region, WTC GIFT defines itself as the new temple of modern India. Evocative architecture that symbolizes pride, security and progress A beacon that would stand tall as the center of all business activity A sustainable model that inspires the future of architecture in India This new benchmark of Gujarat is being created by Viridian RED, a company that gives a new dimension to real estate, bringing an innovative architecture of thinking into being.

20 Transform. Impact. Inspire. With a vision to deliver innovative and quality real estate solutions, Viridian Real Estate Development (Viridian RED) was established as a vital part of Viridian s Integrated Platform, comprising Investment Management, Real Estate Development and Asset Management functions. Viridian RED is highly awarded and recognized for its development of mainstream global landmarks and related ecosystems that deliver growth through innovation and excellence. Viridian RED firmly believes that its fundamental purpose is to help create wealth and security for its customers and therein all other stakeholders. Thus, across its projects the focus is on LTAV (Long Term Asset Value) or high capital appreciation with the highest levels of income generation and rentals across both commercial and residential asset classes. With close to 20 million sqft of Commercial Office, Hotels, and Residential units currently under development and planning, the Group is a strong proponent of sustainable development. Its Mainstream Green philosophy has had an outsized impact, not only on its teams pursuing the challenge, but also on the green building movement as a whole, and each of the communities where Viridian s operations are located. Viridian RED is further setting new benchmarks by taking the immense potential of the World Trade Center to all of India. The company has already identified important centers of commerce that will be key drivers for growth and has planned a strategic roadmap for a comprehensive rollout of WTC s across India and ASEAN. THE VIRIDIAN ADVANTAGE Viridian brings with it unparalleled expertise by putting together highly experienced domain experts within the core team as well as accessing the most renowned specialists in their respective fields. With offices in Singapore, New Delhi, Mumbai and Ahmedabad, the Group presently consists of over 250 professionals across the development, manufacturing, investment management and advisory functions, allowing it an unrivalled understanding of, and commitment to meeting stakeholder concerns. SUSTAINABILITY AND CSR The Group diligently enforces vendor standards and fair trade practices, including minimum labour compensation and welfare minimum levels across all its enterprises. Additionally the privately funded Viridian Foundation has established a series of initiatives to promote its primary tenets of Equity, Ecology and Identity. DEVELOPMENT PRINCIPLES Redefining Spaces. Creating Benchmarks. At Viridian RED, spaces are more than just living and working areas, built from concrete, steel and glass, they are a combination of cutting-edge technology with out-of-the-box thinking that herald a new dimension in design and construction innovation. This spirit of innovation is evident across its award winning projects that showcase concepts like bio-climatic skyscrapers and flexi-homes. The levels of safety and security at Viridian RED s projects are the highest, while ensuring that the spirit of equity and community is always maintained. Through its projects, Viridian RED nurtures an architecture that seeks to be extraordinary not just in form but in its elements, systems, details, interaction with nature, engagement with the urban landscape and most importantly in its discovery by both user and stakeholder alike. Viridian RED's projects put together the most progressive thinking from the worlds of architecture, engineering, planning, landscape design and policy. MAINSTREAM GREEN Each Development Strives for a Net Zero Environmental Impact Based on tenets of Mainstream Green, all Viridian RED projects aim to develop exceptional living and work spaces based on sustainable and ecologically sound building solutions, driven by a desire to develop smart infrastructure that helps preserve, protect and prosper the very environment it exists in. Mainstream Green is an ideology that actively converges commercial aspirations and market imperatives with innovative and responsible design. Mainstream Green Projects provide a balanced way to ensure the creation of LTAV by ensuring a level of performance that is the highest in the industry. Viridian RED s experience in sustainable design and construction allows it to maximize the introduction of green technologies in its projects to drive the highest cost benefit for all its stakeholders. Mainstream Green has resonated successfully across all stakeholders and Viridian RED s projects have been exceptionally well received by the market, being widely considered as transformational.

21 Registered/Correspondence Office: GF-09, Plaza M-6, District Centre, Jasola, New Delhi Gujarat Office: Zonal Facility Centre, Block-12, Road 1-D, Zone 1, GIFT City, Gandhinagar, Gujarat I SMS CONNECT to I info@wtcgiftcity.org I Sources wtcaonline.com. World Trade Center, WTC and Map Design Logo are the registered trademarks of the World Trade Centers Association, Inc., New York (WTCA), and WTC Noida Development Company Pvt. Ltd. - a group company of Viridian, having its office at GF-09, Plaza M6, District Centre, Jasola, New Delhi has entered into a License Agreement with World Trade Centers Association, Inc., to use the name WORLD TRADE CENTER, WTC and Map Design logo of World Trade Center for the GIFT City project as WORLD TRADE CENTER GIFT CITY and WTC GIFT CITY. The content provided in this advertisement does not constitute as an invitation, legal offering or promise. No claim is made as to the accuracy or authenticity of the content. All representations made are for illustrative purpose and are not intended to be exhaustive. All images are artistic impressions and indicative only, layout of the project, design and shape of the buildings, name of towers are tentative and may change at developers discretion. Please refer to the booking application and agreement issued by the company for detailed terms and condition. 1 sq. ft. = sq. m.