Three World Trade Centre (WTC) franchisees keen to set up office at GIFT City AHMEDABAD: Three franchisees of the World Trade Centre (WTC) in India have expressed a desire to set up a new office in Gujarat International Finance-Tec City (GIFT). The franchisees sent their project proposals to the state government in this regard a few weeks back, claim urban development department officials. The franchises belong to Pune, Gurgaon and Mumbai and are part of World Trade Centre Association (WTCA). Seeing multiple franchisees vying for the same space in GIFT city, the matter will now be taken up with the WTC board in New York. "The meeting at WTC New York is scheduled for October. The board will decide which of the three franchisees could go ahead and hold talks with the state government," claims a senior urban development official. The purpose of a WTC is to make information available on world trade in real time and coordinated manner. "In such an environment, exports increase because of accessibility to valuable expertise. Among the 19 major facilities that are mandatory at a WTC are a club, large meeting rooms, group trade mission offices, translating services, trade fair and marts, international trade library, trade education services, display and exhibition facilities and a hotel. The WTC would come up on the non-SEZ area of the GIFt City. When asked about units in the SEZ area, GIFT officials said: "We have three units in the SEZ area right now. One is Monarch Innovation, an outsourcing firm in engineering, a design unit called Kochil and another outsourcing unit called Win Processing," said a senior GIFT official. By August 15 Narsee Monjee will lay the foundation stone for a new educational institute. International Textile Machinery Exhibition (ITME) will start construction work for its centre by September on its 3.5 lakh square feet area. The construction of a business club would begin in November as the company, West India Hospitality, will begin work. Besides this, hospitals like Medanta and Hindujas have also shown interest in setting up hospitals in GIFT City, said the authorities
Posted on: Tue, 06 Aug 2013 16:07:43 +0000
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