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Siemens signs MoU with IL&FS and GIFTCL

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Capital Market

To develop Smart Mobility Solutions Gujarat International Finance Tec-City

Siemens announced that Infrastructure Leasing & Financial Services (IL&FS) and Gujarat International Finance Tec-City Company (GIFTCL) signed a Memorandum of Understanding with Siemens to develop Smart Mobility Solutions for Gujarat International Finance Tec-City (GIFT), Gujarat, 50:50 joint venture of Gujarat Urban Development Company and IL&FS.

Siemens, which is a global repository of smart Mobility solutions will collaborate with IL&FS to study, develop, and, design state-of-the-art, smart, citylevel Mobility solutions for individuals, groups as well as moving masses of people both within the GIFT city and between other nodes.

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First Published: Oct 06 2015 | 5:07 PM IST

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