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To develop and implement the Project, the Government of Gujarat through its undertaking Gujarat Urban Development Company Limited (GUDCL) and Infrastructure Leasing & Financial Services Limited (IL&FS) have established a 50:50 Joint Venture Company, "Gujarat International Finance Tec-City Company Limited" (GIFTCL).

Gujarat Urban Development Company Limited (GUDCL)

GUDCL facilitates urban development by assisting state government in formulation of policy, institutional capacity building, project implementation, and in raising funds from multilateral agencies for urban projects. For more details of GUDCL, please refer to the following URL:

Infrastructure Leasing & Financial Services Ltd (IL&FS)

Incorporated in 1987, the business architecture of IL&FS focuses on providing services in development of Core Infrastructure Areas suitably complemented with an array of Financial Services. The various businesses are conducted through subsidiaries with IL&FS being a principal shareholder in each. IL&FS has catalysed over USD 8 Billion of infrastructure projects and is currently working on several innovative projects mostly based on Public Private Partnership format. For more details of IL&FS, please refer to the following URL: