Siemens has signed a Memorandum of Understanding (MoU) with Infrastructure Leasing & Financial Services (IL&FS) and Gujarat International Finance Tec-City Company (GIFTCL) to develop Smart Mobility Solutions for GIFT City, Gujarat, 50:50 joint venture of Gujarat Urban Development Company and IL&FS, one of India’s pioneering infrastructure development companies.
GIFT, a globally benchmarked smart city on the banks of the Sabarmati River in Ahmedabad, is an ambitious project, 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 sold development rights equivalent to 14 million square feet. As these developments materialise, these will generate over 80,000 new jobs by 2017-18.
Siemens is a technology powerhouse that has stood for engineering excellence, innovation, quality and reliability. The company focuses on the areas of electrification, automation and digitalization. It is one of the leading producers of energy-efficient, resource-saving technologies; combined cycle turbines for power generation; and power transmission solutions. The company is a pioneer in infrastructure solutions and automation and software solutions for industry.
Company Name | CMP |
---|---|
Siemens | 7284.10 |
Havells India | 1864.20 |
Apar Inds | 7917.60 |
ABB India | 8571.35 |
CG Power & Indl.Soln | 642.55 |
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