Dev Information Technology Secures Contract from GIFTCL to Transform Digital Ecosystem of India's IFSC
Dev Information Technology Limited (DEVIT) has secured a significant work order from Gujarat International Finance Tec-City Company Limited (GIFTCL). The contract aims to modernize and transform the digital ecosystem of GIFT City, reinforcing its stature as India's premier International Financial Services Centre (IFSC).The engagement involves comprehensive digital transformation services for GIFT City. DEVIT will be responsible for the design, development, deployment, implementation, and maintenance of a modern and scalable multilingual web-portal. A key component of the project is the creation of an interactive Digital Twin platform.
The scope of work awarded to Dev Information Technology Limited includes:
- Web-Portal Development
- Digital Twin Platform Development
- Content Creation and Localization
- System Integrations
- Performance and SEO optimization
- Ongoing Support and Maintenance
This contract positions DEVIT within the critical infrastructure projects supporting GIFT City's growth. The project is designed to upgrade the entity’s digital presence into a world-class communication and investor engagement platform.
Key Project Details
The following table outlines the core commercial terms and parameters of the order awarded by GIFTCL:| Parameter | Detail |
|---|---|
| Client | Gujarat International Finance Tec-City Company Limited (GIFTCL) |
| Nature of Order | Fixed Cost |
| Order Value | Approximately INR 2.79 Crores |
| Execution Period | Approximately 2.5 Years |
| Type of Entity | Domestic (State) entity |
The order, which is a fixed-cost engagement, was awarded by the domestic entity to Dev Information Technology Limited. The partnership focuses on enhancing GIFT City’s operational capabilities through advanced digital solutions.
DEVIT Stock Price Movement
Dev Information Technology Limited saw its shares shed 0.04% on Wednesday, settling at ₹28.38 following a marginal slip from the previous close. The stock recorded a volume of 61,439 shares during trading as it closed lower for the day.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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