The GIFT City advantage: Doing Business in India’s International Financial Services Centre

Gujarat International Finance Tec-City (‘GIFT City’) is rapidly evolving into one of India’s most vibrant financial and business hubs. As global capital flows shift and India strengthens its position in international finance, the ecosystem at GIFT City has become a cornerstone of this transformation.

This report, prepared by HSBC and EY India, offers a structured view of the regulatory, tax and operating environment that underpins the International Financial Services Centre (‘IFSC’) at GIFT City. It maps how progressive policymaking, state-of-the-art infrastructure, and a unified regulator in IFSC Authority (‘IFSCA’) are collectively creating a platform for global banking, fund management, insurance, capital markets, finance companies, fintech and alternative investment vehicles.

Beyond financial services, the report also explores the emerging opportunities for corporates and individuals as GIFT City expands its offerings into new-age domains, from aircraft leasing and bullion trading to fintech innovation and global capability centres. With data-backed insights, sector-level trends and a detailed overview of tax and fiscal incentives, the report aims to equip enterprises with a strategic lens to assess opportunities, evaluate pathways, and engage with India’s fast-growing international financial ecosystem.

As GIFT City enters its next phase of maturity, this report seeks to contribute to the broader conversation on India’s emergence as a competitive global financial centre and how businesses can participate in its long-term growth story.

You can access the report here. - The GIFT City Advantage (PDF, 20.3MB)