MSI Global Alliance Ltd.

07/23/2024 | News release | Distributed by Public on 07/23/2024 04:12

GIFT City - India’s first International Financial Service Centre (IFSC) in Gandhinagar

23 Jul 2024

GIFT City - India's first International Financial Service Centre (IFSC) in Gandhinagar

MSI's Indian member firm Lakshmikumaran & Sridharan explores GIFT City, India's first International Financial Service Centre (IFSC) in Gandhinagar, Gujarat. It highlights the city's domestic tariff area, special economic zone, and state-of-the-art infrastructure. It also covers the regulatory framework by the International Financial Services Centres Authority (IFSCA), showcasing the business and investment opportunities in this smart city.

Introduction

  • Gujarat International Finance Tec-City ("GIFT CITY") located in Gandhinagar,Gujarat, India gained prominence because it is India's first and only International Financial Service Centre ("IFSC").
  • GIFT CITY comprises of a domestic tariff area and a special economic zone that is divided into IFSC and IT/ITES zone.
  • The domestic tariff area provides residential spaces, schools, hospitals, shopping malls, etc.
  • GIFT CITY is a greenfield smart city, that boasts of state-of-the-art and sustainable infrastructure, including utility tunnel and district cooling systems. Access to world class infrastructure and talented workforce.
  • The International Financial Services Centres Authority ("IFSCA") is the unified regulatory body for GIFT IFSC.

Please download the full publication below for further information. For assistance and any questions please contact our New Delhi member firm Lakshmikumaran & Sridharan.