Gujarat International Finance Tec-City (GIFT City) is expanding its role as India’s premier international financial centre, with growing institutional participation, new regulatory developments, and rising global interest. The IFSC has now crossed over 1,034 registered entities, reflecting rapid momentum across banking, insurance, capital markets, and fintech.
1,034+ Entities and USD 100 Billion Bank Assets
GIFT IFSC continues to see strong institutional inflow. The hub today hosts 38 banks with a combined asset base of USD 100.14 billion, driven by global and Indian financial institutions scaling operations in the SEZ.
The steady rise in assets underscores GIFT City’s growing competitiveness against hubs like Singapore and Dubai.
Expansion from 1,000 to 3,300+ Acres
Developed initially across 1,000 acres, GIFT City is undergoing a major expansion to 3,300+ acres, covering both the Domestic Tariff Area (DTA) and the Multi-Service SEZ.
The expansion focuses on integrated financial districts, residential zones, innovation clusters, and new commercial developments to accommodate the IFSC’s rising demand.
Strong Tax Incentives for IFSC Units
To accelerate global participation, IFSC units receive a 10-year income tax exemption within a 15-year block, along with duty benefits and simplified compliance under a unified regulatory regime.
The incentives continue to attract banks, fintechs, asset managers, and global capability centres.
Vision: India’s Global Finance Gateway
Designed as India’s first IFSC under the SEZ Act, 2005, GIFT City is central to India’s ambition of becoming a financial powerhouse by 2047. The smart city integrates world-class infrastructure, a unified regulator, and policy clarity to channel global capital into India.
Officials highlight that GIFT City supports both onshore and offshore financial operations, a key competitive advantage for international investors.
IFSCA: Unified Regulator Driving Growth
The International Financial Services Centres Authority (IFSCA), operational since 2020, governs all financial services within the IFSC. It consolidates powers earlier divided between RBI, SEBI, IRDAI, and PFRDA, enabling faster decision-making and simplified regulation.
Regular consultations between industry, the government, and IFSCA continue to shape reforms and support business growth.
India International Bullion Exchange Gains Traction
Launched in 2022, the India International Bullion Exchange (IIBX) has emerged as a major platform for bullion imports and transparent trading. Promoted by institutions such as NSE and INDIA INX, the exchange follows OECD-aligned compliance standards.
Officials note rising participation from bullion dealers, jewelers, and international investors.
GCC/GIC Momentum Builds
GIFT City is seeing growing interest from Global Capability Centres (GCCs) and Global In-House Centres (GICs), backed by competitive regulations, foreign currency operations, and proximity to talent clusters.
IFSCA’s GIC Regulations, 2020 provide clarity for banks, NBFCs, and investment groups to run specialized cross-border operations from GIFT IFSC.
Infrastructure, Connectivity & Talent
Located between Ahmedabad and Gandhinagar, GIFT City benefits from metro connectivity, expressway access, proximity to the international airport, and a new wave of residential and commercial development.
With top universities and IT-BPM hubs nearby, the IFSC continues to attract a skilled workforce, strengthening its global delivery capability.
