Gift City

Banks in GIFT-City disbursed nearly $20 billion in dollar loans to Indian corporates in the fiscal year ended March, more than a third of the total issued for local companies globally

Lower ticket sizes, digital access push retail investors towards GIFT City

GIFT City is becoming more accessible for retail investors seeking global diversification, with lower minimums and digital onboarding, though tax and transaction hurdles still need ironing out.

Zerodha to offer investment in US stocks in next quarter through GIFT City

'We are working on it, and we should have something in the next quarter. It is a product launch,' CEO Nithin Kamath has said

GIFT City emerging as global biz hub but yet to match traditional financial centres: PwC Survey

.The report highlighted that GIFT City, officially known as Gujarat International Finance Tec-City, demonstrates significant long-term growth potential

SEBI eases FPI norms for IFSC funds, aligns sponsor contribution limits

The limits on sponsor contribution by resident Indian non-individuals in funds set up in IFSC, as specified by SEBI and IFSCA, were at variance, leading to the risk of non-compliance by such entities

NJ Asset Management set to launch retail mutual fund at GIFT City; PPFAS in pipeline

PPFAS Mutual Fund is also preparing to launch a retail mutual fund from GIFT City, could take at least four months before a formal launch, said a source familiar with the matter.

LRS remittances via GIFT clock 19% CAGR over 2 years, crossing a billion consistently for 3 years

Based on the pace of growth, the figure could approach USD 2.5 billion in medium term, says Mihir Shirgaonkar, Vice President, Alternative Investments at Phillip Ventures IFSC.

How NRIs can invest in India: Demat accounts, mutual funds, and GIFT City explained

India’s growing economy and evolving financial markets offer Non-Resident Indians (NRIs) multiple avenues for investment, but choosing the right one depends on goals, regulations, and access.

Ahmedabad's commercial ascent: BFSI demand leading to shift towards 'landlord-favourable' market

BFSI, at 56 percent, is followed by IT/ITES sector with 30 percent share in total office leasing, and industrials at 8 percent. Ahmedabad’s total Grade-A office stock currently stands at 30.5 million square feet (msf), with a vacancy rate of 19.6 percent.

GIFT City emerges as top financial center for family offices navigating India's regulatory maze, says Julius Baer-EY

More ultra-rich families and entrepreneurs are turning to family offices to manage their wealth, though concerns over legal and compliance hurdles persist.

Can retail investment through GIFT City pick up?

GIFT City’s International Financial Services Centre (IFSC) is emerging as a new gateway for Indian investors eyeing global markets and NRIs seeking exposure to Indian growth stories

GIFT Nifty sets an all-time high monthly turnover of $102.35 billion in May

GIFT Nifty recorded the highest-ever monthly turnover of $102.35 billion (around Rs 8.76 lakh crore) with 2.10 million contracts during May

IFSC GIFT City sees aircraft and engine leasing rise 31% on year in 2024, better times may be ahead

Officials expect atleast 100 new aircraft or engines to be leased from GIFT City in 2025. Lessors feel that for GIFT City to become a global hub, an ecosystem conducive to the leasing business, including a repair and maintenance unit, needs to be set up.

SEBI proposes easing norms for stock brokers to operate from GIFT city, doing away with separate NOC

In a consultation paper released on March 21, SEBI has suggested that the broker simply set up a separate business unit and ringfence its activities from its other operations

Asset managers seeking easier IFSCA rules for Fund Management Entities at GIFT City

GIFT City wealth managers have approached IFSCA, the regulating entity, seeking certain tweaks in regulations in order to lower costs as well as a higher threshold for funds that can be migrated into a new FME.

StanChart chosen as dollar settlement bank at GIFT City

Banks having units in the GIFT City have been asked to set up trading accounts with the British bank, said the people, who asked not to be identified as discussions are private.

Govt notifies IFSCA fund management regulations: Lower minimum corpus, extended PPM validity

The requirement of listing of close-ended retail schemes on recognized stock exchanges has been made optional if minimum amount of investment by each investor in the scheme is at least $10,000.

Retail fund schemes struggle to take off in GIFT City amid regulatory and tax hurdles

In the August 2024 Finance Act, the government extended the "Specified Fund" tax regime to retail schemes in IFSC, subject to prescribed conditions. This sparked interest among fund managers, but without clarity on the conditions, the tax regime remained incomplete

GIFT City gets a booster dose as Budget doles out tax benefits for ship leasing companies

A lot of ship leasing currently happens from places like Singapore where the flagging regulations are liberal, said Charkha. There are other jurisdictions like Marshal Islands, which are conducive for ship leasing activity, he adds.

Finance Bill 2025: Strategic Reforms to Boost IFSC as a Global Financial Hub

By aligning tax policies, enhancing operational flexibility, and creating incentives for foreign investments, the bill positions the IFSC as a more competitive and attractive destination for global financial activity, reinforcing India’s position on the world stage. Retail Funds

Non-bank FPIs at Gift City to gain from tax relaxation on p-notes

Post Budget 25, not only banks but all FPIs in the IFSC can avail of tax exemptions on p-notes.

Budget attempts to make GIFT City more competitive against IFSCs like Singapore, Dubai with long-term tax incentives

GIFT City has made steady progress, with over 740 entities registered and banking assets crossing $78 billion by December 2024.

Sensex F&O goes global: Gujarat CM launches Sensex Futures & Options contracts on India Inx at GIFT City

The Sensex Futures & Options will now be available for investors worldwide. They can now directly invest in them using US dollars.

Budget 2025 strengthens IFSC’s role as a global financial hub

Budget 2025 introduces key measures for GIFT City IFSC, enhancing tax incentives, regulatory clarity, and competitiveness. These changes, including simplified rules for fund managers and exemptions for non-residents, aim to attract global investments and position India as a leading financial centre

Government provides more sops to attract relocation of foreign funds to GIFT City

In the Budget for FY26, finance minister Nirmala Sitharaman announced special measures for funds, ETFs and retail schemes eligible for free of tax relocation to Gift City.