WHAT IS GIFT CITY?

GIFT City a.k.a. Gujarat International Financial-Tec City, is India's first IFSC, or International Financial Services Centre. It is approved and regulated by the government under the Special Economic Zones Act, 2005.

GIFT City is a jurisdiction that provides financial services to both residents and non-residents in foreign currency.

The International Financial Services Centre (IFSC) was established to attract overseas financial institutions and the overseas branches/subsidiaries of Indian financial institutions to India. The IFSC provides a compelling ecosystem for conducting financial services business, including a favourable regulatory environment and a world-class infrastructure. IFSC units are treated as non-residents under extant Foreign Exchange Management regulations. The International Financial Services Centres Authority (IFSCA) is a unified regulator for securities markets, banking, insurance, and pension funds in the IFSC.