{"id":13768,"date":"2025-12-11T13:12:02","date_gmt":"2025-12-11T07:42:02","guid":{"rendered":"https:\/\/theeducationoverview.in\/?p=13768"},"modified":"2025-12-11T13:12:02","modified_gmt":"2025-12-11T07:42:02","slug":"smart-finance-smart-future-gift-city","status":"publish","type":"post","link":"https:\/\/theeducationoverview.in\/?p=13768","title":{"rendered":"Smart Finance, Smart Future: GIFT City"},"content":{"rendered":"

Smart Finance, Smart Future: GIFT City<\/strong><\/span><\/h2>\n

Posted On: 28 NOV 2025 11:50AM by PIB Delhi<\/strong><\/span><\/p>\n\n\n\n
Key Takeaways<\/strong><\/span><\/p>\n
    \n
  • 1034+\u00a0registered entities in GIFT IFSC.<\/strong><\/span><\/li>\n
  • The hub hosts\u00a038 banks\u00a0with an asset base of\u00a0$100.14 billion.<\/strong><\/span><\/li>\n
  • It spans nearly\u00a01000 acres, expanding to\u00a03,300+ acres\u00a0with SEZ and DTA zones.<\/strong><\/span><\/li>\n
  • Offers a\u00a010-year income tax exemption within a 15-year block\u00a0for IFSC units.<\/strong><\/span><\/li>\n<\/ul>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

    Introduction<\/strong><\/span><\/p>\n\n\n\n
    GIFT City\u00a0stands as India\u2019s bold step towards building a world-class financial and IT hub. Designed with vision and precision, it blends global standards with sustainable innovation.\u00a0Gujarat International Finance Tec-City (GIFT City)\u00a0is India\u2019s first\u00a0International Financial Services Centre (IFSC), located in Gandhinagar, Gujarat. As\u00a0India\u2019s first operational smart city, it represents the country\u2019s ambition to build a global hub for financial and technological services. Backed by strong government support, GIFT City is designed to blend world-class infrastructure with sustainable urban development. It stands as a symbol of India\u2019s growing role in international finance and investment. Today, it accommodates\u00a0global banks, insurers, asset managers,<\/strong><\/span><\/td>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

    and fintech firms, making it a rising competitor to international hubs like Singapore and Dubai. The city features\u00a0integrated development\u00a0comprising a commercial business district, dedicated residential zones, robust social infrastructure, and a vibrant retail and entertainment hub.<\/strong><\/span><\/p>\n

    Background and Vision<\/strong><\/span><\/p>\n

    GIFT City was born out of a vision to create India\u2019s first global financial hub. It reflects the country\u2019s ambition to match world-class standards in finance and infrastructure. The government envisions GIFT City as a gateway for international capital and innovation. Its long-term mission is to position India as a leading global financial centre by 2047, with sustainability and fintech at its core.<\/strong><\/span><\/p>\n\n\n\n\n
    \n
      \n
    • Established as India\u2019s first\u00a0International Financial Services Centre (IFSC)\u00a0under the SEZ Act, 2005.<\/strong><\/span><\/li>\n<\/ul>\n<\/td>\n<\/tr>\n
    \n
      \n
    • Located in\u00a0Gandhinagar, Gujarat, spanning nearly 1000\u00a0acres\u00a0and\u00a0now being expanded to\u00a03,300+ acres,<\/em>\u00a0the city is divided into two parts: the\u00a0Domestic Tariff Area (DTA)\u00a0and\u00a0the\u00a0Multi-service Special Economic Zone (GIFT SEZ).<\/strong><\/span><\/li>\n<\/ul>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

      \n

      GIFT City is purposefully built to support both onshore and offshore financial operations, draw global investment, drive innovation, and generate high-quality jobs, contributing to India\u2019s vision for Viksit Bharat 2047.<\/strong><\/span><\/p>\n

        \n
      • Onshore key financial services are currently conducted in offshore centres by both residents and non-residents.<\/strong><\/span><\/li>\n
      • Act as a premier gateway for channelling global capital towards India\u2019s Viksit Bharat 2047 vision.<\/strong><\/span><\/li>\n
      • Create high-quality employment opportunities for India\u2019s skilled workforce.<\/strong><\/span><\/li>\n
      • Drive regulatory innovation through a unified sandbox for fintech and financial product development.<\/strong><\/span><\/li>\n
      • Attract global institutional investors, including sovereign wealth funds, pension funds, hedge funds, and private equity, via a transparent and efficient marketplace.<\/strong><\/span><\/li>\n<\/ul>\n

        Governance and Institutional Framework<\/strong><\/span><\/p>\n

        The Government of India has designated GIFT City as a Multi-Services Special Economic Zone (GIFT SEZ) and officially notified it as the country\u2019s International Financial Services Centre (IFSC). Its governance rests on the\u00a0International Financial Services Centres Authority (IFSCA), backed by strong government oversight and policy support. Its institutional framework is designed to attract global capital, foster innovation, and uphold international standards of transparency and sustainability. The IFSC unit is treated as a non-resident under the extant Foreign Exchange Management regulations.<\/strong><\/span><\/p>\n

        International Financial Services Centres Authority (IFSCA):\u00a0It was established under the IFSCA Act, 2019, and has been operational since\u00a0April 2020. It functions as a unified regulator for financial products, services, and institutions in GIFT IFSC. It consolidates powers earlier divided among RBI, SEBI, IRDAI, and PFRDA for IFSC operations and has a mandate to develop and regulate financial services, promote ease of doing business, and align GIFT City with global standards.<\/strong><\/span><\/p>\n\n\n\n
        India International Bullion Exchange (IIBX)<\/strong><\/span><\/p>\n

        The\u00a0India International Bullion Exchange (IIBX)\u00a0was launched in July 2022 at GIFT IFSC, Gandhinagar, promoted by leading institutions such as NSE, INDIA INX, NSDL, CDSL, and MCX, and is regulated by IFSCA. It provides a gateway for bullion imports into India while offering a world-class ecosystem for trading, investment in bullion financial products, and vaulting facilities. The exchange ensures responsible and transparent bullion trade by adhering to OECD due diligence guidelines for supply chain integrity from conflict-affected and high-risk areas.<\/em><\/strong><\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

        GIFT IFSC hosts banks, insurers, asset managers, fintech firms, and the\u00a0India International Bullion Exchange (IIBX). Regular consultations between the government, IFSCA, and industry stakeholders help resolve concerns and enable business growth.<\/strong><\/span><\/p>\n\n\n\n
        GCC Growth Ecosystem at GIFT City<\/strong><\/span><\/p>\n
          \n
        • Strategic Location & Connectivity: Between Gandhinagar and Ahmedabad, with airport, metro, rail, and port access.<\/strong><\/span><\/li>\n
        • World-Class Infrastructure: Smart city design, modern offices, scalable facilities, and innovation hub potential.<\/strong><\/span><\/li>\n
        • Policy & Regulation: Light-touch regulation, single-window clearance, plus CAPEX\/OPEX incentives and duty exemptions.<\/strong><\/span><\/li>\n
        • Talent Ecosystem: Strong workforce, top universities, and IT-BPM hubs driving collaboration and employability.<\/strong><\/span><\/li>\n
        • Global Gateway: Fintech partnerships and proactive regulation position GIFT IFSC as a rising global financial hub.<\/strong><\/span><\/li>\n<\/ul>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

          Global In-House Centres (GIC):\u00a0A Global In-House Centre (GIC) in an IFSC is a\u00a0dedicated entity\u00a0set up by a financial services group to exclusively provide support services related to financial products, operating in foreign currency under a permitted legal structure. It can cater to financial service groups like Banks, NBFCs, Financial intermediaries, Investment banks, etc.\u00a0IFSCA (Global In-House Centres) Regulation, 2020\u00a0was notified by IFSCA to provide a framework for recognition and operation of GIC in GIFT IFSC. These regulations lay down the framework for the operations of\u00a0Global Capability Centres (GCCs)\u00a0in GIFT IFSC.<\/strong><\/span><\/p>\n

          FINTECH in GIFT IFSC:<\/strong><\/span><\/p>\n

          GIFT City is rapidly emerging as a global FinTech hub, backed by a dedicated regulatory framework and active participation from leading tech firms. With innovation centres, sandbox environments, and academic partnerships, it fosters cutting-edge research, incubation, and enterprise growth in financial technologies.<\/strong><\/span><\/p>\n

          \u00d8\u00a0Regulatory Framework for FinTechs: Introduced via circular dated April 27, 2022, to position GIFT IFSC as a globally competitive FinTech hub.<\/strong><\/span><\/p>\n

          \u00d8\u00a0Dual Entry Routes: Entities operate through\u00a0Direct Authorization\u00a0or within the\u00a0FinTech Sandbox, fostering innovation and flexibility.<\/strong><\/span><\/p>\n

          \u00d8\u00a0Industry Participation: Leading firms like\u00a0Wipro, Infosys, Cognizant, and Hexaware\u00a0etc. have commenced operations, employing ~2,500 professionals.<\/strong><\/span><\/p>\n

          \u00d8\u00a0Registered Entities: As of September 2025, GIFT IFSC hosts\u00a020 FinTech\/TechFin entities\u00a0and\u00a08 sandbox participants.<\/strong><\/span><\/p>\n\n\n\n
          International Fintech Innovation & Research Centre<\/strong><\/span><\/p>\n

          A flagship initiative by the\u00a0Government of Gujarat\u00a0and the\u00a0Asian Development Bank, this centre anchors global excellence in FinTech through training, incubation, acceleration, and research.<\/strong><\/span><\/p>\n

            \n
          • Academic & Industry Partners: IIT Gandhinagar, Ahmedabad University, UC San Diego, and Plug and Play.<\/strong><\/span><\/li>\n
          • Focus Areas: Talent development, startup support, and cross-border collaboration in financial technologies.<\/strong><\/span><\/li>\n<\/ul>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

            \n

            Setting Up of Business<\/strong><\/span><\/p>\n

            \n\n\n\n
            Business Setup Eligibility in GIFT IFSC<\/strong><\/span><\/p>\n
              \n
            • Exclusively serves financial services groups, with entities required to operate from FATF-compliant jurisdictions.<\/strong><\/span><\/li>\n
            • Support must be directed toward delivering financial services linked to financial products.<\/strong><\/span><\/li>\n
            • Can be established as a Company, LLP, Branch, or other permissible entity structure.<\/strong><\/span><\/li>\n
            • Considered a non-resident under India\u2019s exchange control regulations.<\/strong><\/span><\/li>\n<\/ul>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

              \n

              Business Highlights<\/strong><\/span><\/p>\n

              GIFT City has rapidly evolved into a prominent international financial hub, attracting diverse businesses and gaining global recognition. Its growing ecosystem, strong institutional presence, and rising preference among corporates highlight its increasing importance in global finance.<\/strong><\/span><\/p>\n

                \n
              • Entity Growth\u00a0\u2013 Over 1,034 registered entities spanning banking, capital markets, asset management, fintech, insurance, and leasing.<\/strong><\/span><\/li>\n
              • Global Ranking\u00a0\u2013 Achieved 46th position in the Global Financial Centres Index (March 2025), its highest ever.<\/strong><\/span><\/li>\n
              • Emerging Hub\u00a0\u2013 Ranked 5th among 15 emerging centres and topped the reputation index.<\/strong><\/span><\/li>\n
              • Loan Disbursement\u00a0\u2013 Banks at GIFT City disbursed nearly USD 20 billion in dollar loans to Indian corporates, up from 16% share two years ago, surpassing traditional hubs like London and Singapore.<\/strong><\/span><\/li>\n<\/ul>\n\n\n\n\n\n\n
                GIFT CITY: BUSINESS HIGHLIGHTS<\/strong><\/span><\/td>\n<\/tr>\n
                \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<\/strong><\/span><\/p>\n

                \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Finance and Treasury<\/strong><\/span><\/p>\n

                 <\/p>\n

                  \n
                • Global\/Regional Corporate Treasury Centres (GRCTCs):\u00a04<\/strong><\/span><\/li>\n
                • Core Finance Companies:\u00a018+<\/strong><\/span><\/li>\n<\/ul>\n<\/td>\n
                		 <\/p>\n

                Capital Markets<\/strong><\/span><\/p>\n

                 <\/p>\n

                  \n
                • International Stock Exchanges:\u00a02<\/strong><\/span><\/li>\n
                • Monthly Average Turnover on IFSC Exchanges \u2013\u00a0$89.67 billion<\/strong><\/span><\/li>\n
                • Total Commitments Raised: $26.30 billion<\/strong><\/span><\/li>\n
                • Total Fund Management Entities (FMEs):\u00a0194<\/strong><\/span><\/li>\n
                • GIFT NIFTY monthly turnover:\u00a0$102.35 billion\u00a0(May, 2025)<\/em><\/strong><\/span><\/li>\n<\/ul>\n

                   <\/td>\n<\/tr>\n

                \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<\/strong><\/span><\/p>\n

                \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Banking<\/strong><\/span><\/p>\n

                 <\/p>\n

                  \n
                • Total Banking Units:\u00a038<\/strong><\/span><\/li>\n
                • Aggregate size of banking assets –\u00a0$100.14 Billion<\/strong><\/span><\/li>\n
                • Cumulative Banking Transactions:<\/strong><\/span><\/li>\n<\/ul>\n

                  $142.98 Billion<\/strong><\/span><\/p>\n

                   <\/td>\n

                		\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<\/strong><\/span><\/p>\n

                \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Insurance<\/strong><\/span><\/p>\n

                 <\/p>\n

                  \n
                • Total Insurance + Intermediaries:\u00a052<\/strong><\/span><\/li>\n
                • Insurance and reinsurance entities with gross premiums booked –\u00a0$425 Million<\/strong><\/span><\/li>\n<\/ul>\n<\/td>\n<\/tr>\n
                 <\/p>\n
                  \n
                • Total Ancillary Service Providers:\u00a088+<\/strong><\/span><\/li>\n
                • Total FinTech & TechFin Entities:\u00a020<\/strong><\/span><\/li>\n
                • Number of Sandbox Entities:\u00a08<\/strong><\/span><\/li>\n
                • Total Registered Aircraft Lessors:\u00a037<\/strong><\/span><\/li>\n
                • Aviation Assets Leased:\u00a0303<\/strong><\/span><\/li>\n
                • Registered Ship Lessors:\u00a034<\/strong><\/span><\/li>\n
                • Ships Leased:\u00a028<\/strong><\/span><\/li>\n<\/ul>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

                  \n

                  Key Institutions:\u00a0GIFT City has rapidly emerged as a preferred destination for leading global and domestic enterprises establishing their offices and Global Capability Centres (GCCs). Its strategic location, modern infrastructure, and progressive regulatory environment have attracted companies across sectors\u2014from semiconductors and energy to finance and technology.<\/strong><\/span><\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
                  Leading companies in the GIFT-DTA Area<\/strong><\/span><\/td>\n<\/tr>\n
                  Major GCCs<\/strong><\/span><\/p>\n
                    \n
                  • Infineon Technologies\u00a0from Germany has established semiconductor and systems operations with approximately 750 employees.<\/strong><\/span><\/li>\n
                  • Technip Energies, a France-based energy transition firm, employs around 500 professionals.<\/strong><\/span><\/li>\n
                  • TELUS, a Canadian technology solutions provider, has also set up operations with a similar workforce of 500.<\/strong><\/span><\/li>\n
                  • Tata Electronics\u00a0has launched chip design activities, reinforcing GIFT City\u2019s role in India\u2019s semiconductor ambitions.<\/strong><\/span><\/li>\n<\/ul>\n<\/td>\n
                  		Major\u00a0Tech and CoE in GIFT City<\/strong><\/span><\/p>\n
                    \n
                  • Accenture:\u00a0US-based IT and consulting firm with ~750 employees.<\/strong><\/span><\/li>\n
                  • Capgemini:\u00a0France-based tech services company planning expansion to ~1,000 employees.<\/strong><\/span><\/li>\n
                  • IBM Consulting:\u00a0Expanding its advisory services and software labs in GIFT City.<\/strong><\/span><\/li>\n
                  • NASSCOM:\u00a0Established a Centre of Excellence focused on deep tech innovation.<\/strong><\/span><\/li>\n<\/ul>\n<\/td>\n<\/tr>\n
                  Banking<\/strong><\/span><\/td>\n<\/tr>\n
                  \n
                    \n
                  • Global banks:\u00a0Standard Chartered, HSBC, J.P. Morgan, Citi, Deutsche Bank, BNP Paribas, Barclays<\/strong><\/span><\/li>\n
                  • Asian majors:\u00a0Mizuho, MUFG, ANZ, QNB, DBS<\/strong><\/span><\/li>\n
                  • Multilateral:\u00a0New Development Bank<\/strong><\/span><\/li>\n<\/ul>\n<\/td>\n<\/tr>\n
                  Alternative Investment Funds (AIF)<\/strong><\/span><\/td>\n<\/tr>\n
                  \n
                    \n
                  • Sovereign and global:\u00a0ADIA, Morgan Stanley<\/strong><\/span><\/li>\n
                  • Growth and PE:\u00a0Lightrock, Lighthouse Canton, Bering<\/strong><\/span><\/li>\n
                  • Specialist\/others:\u00a0Onyx, Decimal Point<\/strong><\/span><\/li>\n<\/ul>\n<\/td>\n<\/tr>\n
                  Fintech Companies<\/strong><\/span><\/td>\n<\/tr>\n
                  \n
                    \n
                  • Large tech services:\u00a0Wipro, Infosys, Cognizant<\/strong><\/span><\/li>\n
                  • Fintech platforms:\u00a0KFintech, Signzy<\/strong><\/span><\/li>\n
                  • Specialized solutions:\u00a0Intellect (Design for Digital), ISG<\/strong><\/span><\/li>\n<\/ul>\n<\/td>\n<\/tr>\n
                  Ancillary services<\/strong><\/span><\/td>\n<\/tr>\n
                  \n
                    \n
                  • Big Four and advisory:\u00a0EY, PwC, KPMG, Nishith Desai Associates<\/strong><\/span><\/li>\n
                  • Data and administration:\u00a0SS&C, Orbis<\/strong><\/span><\/li>\n
                  • Trustee and corporate services:\u00a0Axis Trustee, Catalyst<\/strong><\/span><\/li>\n<\/ul>\n<\/td>\n<\/tr>\n
                  Finance Companies<\/strong><\/span><\/td>\n<\/tr>\n
                  \n
                    \n
                  • Trade and export finance:\u00a0360tf, India Exim Bank<\/strong><\/span><\/li>\n
                  • Corporate and infrastructure:\u00a0AM\/NS India, REC, IREDA<\/strong><\/span><\/li>\n<\/ul>\n<\/td>\n<\/tr>\n
                  Insurance Companies<\/strong><\/span><\/td>\n<\/tr>\n
                  \n
                    \n
                  • Indian leaders:\u00a0GIC Re, LIC, HDFC Life, ICICI Lombard<\/strong><\/span><\/li>\n
                  • Global reinsurers:\u00a0Berkley Re, Peak Re<\/strong><\/span><\/li>\n<\/ul>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

                    \n

                    Infrastructure Growth: Driving GIFT City\u2019s Vision<\/strong><\/span><\/p>\n\n\n\n
                    GIFT City has emerged as a modern hub of infrastructure development, reflecting India\u2019s vision for global financial and business growth. Designed as India\u2019s first operational smart city, GIFT City integrates cutting-edge infrastructure with modern urban planning. Its holistic approach combines advanced utilities, social amenities, and seamless connectivity to create a sustainable, world-class business and living environment. GIFT City offers world-class\u00a0\u2018plug-and-play\u2019 infrastructure, enabling businesses to start operations quickly without delays. Together, these offerings create a well-planned environment that truly embodies the concept of a\u00a0\u201cwalk-to-work\u201d city.<\/strong><\/span><\/td>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

                    \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
                    High-End Civic Infrastructure<\/strong><\/span><\/td>\n<\/tr>\n
                    \n
                      \n
                    • District Cooling System: A centralised cooling solution that eliminates the need for individual HVAC units, reducing energy consumption, maintenance costs, and carbon footprint. It significantly cuts carbon footprints through centralized production, using\u00a030% less energy\u00a0than traditional AC systems.<\/strong><\/span><\/li>\n<\/ul>\n<\/td>\n<\/tr>\n
                    \n
                      \n
                    • Automated Waste Collection System (AWCS): A pneumatic waste disposal network that ensures efficient collection, reduces transport-related emissions, and supports resource recovery.<\/strong><\/span><\/li>\n<\/ul>\n<\/td>\n<\/tr>\n
                    \n
                      \n
                    • Underground Utility Tunnel: A 17-km integrated tunnel housing power, water, sewage, and telecom lines, enabling uninterrupted service delivery and realising the vision of a\u00a0\u201cdigging-free city\u201d. A 1km long and 7m deep\u00a0Samrudhi Sarovar\u00a0is designed for 15 days of drinking water storage.<\/strong><\/span><\/li>\n<\/ul>\n<\/td>\n<\/tr>\n
                    \n
                      \n
                    • Zero-Discharge Water Management: Advanced water recycling systems ensure potable water availability from every tap and are available\u00a024×7\u00a0while maintaining near-zero discharge through sewage reuse.<\/strong><\/span><\/li>\n<\/ul>\n<\/td>\n<\/tr>\n
                    \n
                      \n
                    • Reliable Power Infrastructure: Dual 66\/33KV receiving stations with redundant sources and centralised backup systems guarantee an uninterrupted power supply for commercial and residential zones. This results in\u00a099.999% power reliability, which means an outage of 5.3 minutes per annum.<\/strong><\/span><\/li>\n<\/ul>\n<\/td>\n<\/tr>\n
                    \n
                      \n
                    • Digital Connectivity Backbone: A robust optical fibre ring supported by multiple telecom operators ensures high-speed, secure digital infrastructure across the city.<\/strong><\/span><\/li>\n<\/ul>\n<\/td>\n<\/tr>\n
                    \n
                      \n
                    • Tier IV Data Infrastructure: GIFT City hosts a Tier IV\u2011certified Green Data Centre by STT Global, offering\u00a099.999% uptime SLA, IGBC LEED Gold certification, advanced ISO\/IEC 27001 compliance, and PCI DSS standards, ensuring an ultra-reliable and sustainable digital backbone for enterprises. GIFT City is connected globally through\u00a015 leading telecom operators.<\/strong><\/span><\/li>\n<\/ul>\n<\/td>\n<\/tr>\n
                    Transport Infrastructure<\/strong><\/span><\/td>\n<\/tr>\n
                    \n
                      \n
                    • Urban Mobility:\u00a0GIFT City ensures seamless external connectivity through integrated roads, MRTS, efficient transport systems, pedestrian pathways, and multilevel parking facilities.<\/strong><\/span><\/li>\n<\/ul>\n<\/td>\n<\/tr>\n
                    \n
                      \n
                    • Metro Integration: Seamless metro connectivity links GIFT City with Ahmedabad and Gandhinagar.<\/strong><\/span><\/li>\n<\/ul>\n<\/td>\n<\/tr>\n
                    \n
                      \n
                    • Proximity to Bullet Train: Just 15 minutes from the proposed high-speed rail terminal.<\/strong><\/span><\/li>\n<\/ul>\n<\/td>\n<\/tr>\n
                    \n
                      \n
                    • Airport Access: Only 20 minutes from Ahmedabad\u2019s international and domestic airport.<\/strong><\/span><\/li>\n<\/ul>\n<\/td>\n<\/tr>\n
                    \n
                      \n
                    • National Highway Advantage: Strategically located along NH 48, part of the Delhi\u2013Mumbai Industrial Corridor.<\/strong><\/span><\/li>\n<\/ul>\n<\/td>\n<\/tr>\n
                    \n
                      \n
                    • EV Bus Network: 12 electric buses connect GIFT City with Ahmedabad and Gandhinagar.<\/strong><\/span><\/li>\n<\/ul>\n<\/td>\n<\/tr>\n
                    \n
                      \n
                    • Railway Station Nearby: A major railway station is just 15 minutes away.<\/strong><\/span><\/li>\n<\/ul>\n<\/td>\n<\/tr>\n
                    \n
                      \n
                    • Domestic Air Connectivity: 1.5-hour flights link to key Indian cities, enhancing business mobility.<\/strong><\/span><\/li>\n<\/ul>\n<\/td>\n<\/tr>\n
                    \n
                      \n
                    • Smart City Infrastructure: GIFT City is India\u2019s first operational smart city with green, tech-enabled transport systems.<\/strong><\/span><\/li>\n<\/ul>\n<\/td>\n<\/tr>\n
                    Social Infrastructure<\/strong><\/span><\/td>\n<\/tr>\n
                    \n
                      \n
                    • GIFT City is enhancing its urban experience with projects like a\u00a021-acre Central Park, a\u00a0riverfront development, and a\u00a0Lilavati Hospital, aimed at boosting recreational, environmental, and healthcare amenities<\/strong><\/span><\/li>\n<\/ul>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

                      GIFT City\u2019s\u00a0Command & Control Centre (C4)\u00a0ensures secure, tech-enabled urban management through real-time utility monitoring and coordinated emergency response.<\/strong><\/span><\/p>\n\n\n\n\n
                      City Command and Control Centre (C4)<\/strong><\/span><\/td>\n<\/tr>\n
                      \n
                        \n
                      1. Integrated Monitoring: Centralised platform overseeing utilities like power, cooling, water, waste, lighting, and GIS.<\/strong><\/span><\/li>\n
                      2. Unified Operations: Acts as the city\u2019s digital nervous system, streamlining governance and interdepartmental coordination.<\/strong><\/span><\/li>\n
                      3. Single Window Interface: Enables efficient control and planning of all utility services from one dashboard.<\/strong><\/span><\/li>\n
                      4. Real-Time Incident Management: Online tracking ensures swift response to service issues and disruptions. A network of\u00a070,000+ input\/output points\u00a0enables real-time data collection, automated control, and citywide performance monitoring.<\/strong><\/span><\/li>\n
                      5. 24\/7 Utility Monitoring: SCADA-based systems guarantee an uninterrupted water and power supply.<\/strong><\/span><\/li>\n
                      6. Scalable & Smart: Built to support future expansion across 70,000+ control points for seamless urban management.<\/strong><\/span><\/li>\n<\/ol>\n

                         <\/td>\n

                      		<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

                      \n

                      Talent and Education Ecosystem:<\/strong><\/span><\/p>\n

                      GIFT City offers unmatched access to talent and academic excellence, drawing from premier institutions in its vicinity. It is also emerging as India\u2019s gateway for global education in finance and technology, with top international universities establishing campuses within the city.<\/strong><\/span><\/p>\n

                      Supported by leading institutions such as\u00a0IIM Ahmedabad, IIT Gandhinagar, and Gujarat Maritime University,\u00a0etc., the state hosts a robust TechFin talent pool comprising over\u00a086,000 software engineers, 71,000 finance professionals, and 21,000 management experts. Ahmedabad alone accounts for more than\u00a01.7 million professionals\u00a0and has recorded a\u00a0142% rise\u00a0in AI-skilled talent over the past year.<\/strong><\/span><\/p>\n

                      Academic Infrastructure Service Providers (AISPs):\u00a0To support international education in GIFT City IFSC, the IFSCA has issued a circular that introduces\u00a0Academic Infrastructure Service Providers (AISP). These are authorized entities that offer campus infrastructure, research and development spaces, admissions support, staffing, marketing, and other approved services. This framework enables foreign universities to set up and operate smoothly within a relaxed regulatory environment.\u00a0Global University Systems (UK), GEDU Education (UK), and Education Centre of Australia\u00a0are among the existing AISPs operating in GIFT City.<\/strong><\/span><\/p>\n\n\n\n\n
                      India\u2019s Gateway to Global Academia<\/strong><\/span><\/td>\n<\/tr>\n
                      Domestic Universities<\/strong><\/span><\/p>\n

                      GIFT City hosts a growing academic ecosystem that includes both Indian and international universities. Among the\u00a0domestic institutions, the\u00a0Indian Institute of Foreign Trade (IIFT)\u00a0and\u00a0Gujarat Biotechnology University\u00a0offer specialized programs aligned with trade, commerce, and life sciences<\/strong><\/span><\/td>\n

                      		Foreign Universities<\/strong><\/span><\/p>\n

                      On the\u00a0international front, campuses of\u00a0Deakin University\u00a0and\u00a0University of Wollongong\u00a0from Australia are already operational, while\u00a0Queen\u2019s University Belfast\u00a0and\u00a0Coventry University\u00a0from the UK are set to join, reinforcing GIFT City\u2019s position as India\u2019s gateway for global education in finance, technology, and innovation.<\/strong><\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

                      \n

                      Business Advantage in GIFT CITY<\/strong><\/span><\/p>\n

                      GIFT City offers a future-ready environment for enterprises seeking speed, scale, and strategic positioning. With its integrated infrastructure, progressive regulatory framework, and access to skilled talent, it fosters a seamless ecosystem for innovation and global competitiveness. Businesses benefit from a supportive policy landscape and operational ease, making GIFT a preferred destination for high-value growth.<\/strong><\/span><\/p>\n

                      Over the last 5 years, the Government of India has provided several progressive policy measures for<\/strong><\/span>
                      \ndevelopment of GIFT City, such as: –<\/strong><\/span><\/p>\n

                        \n
                      • Notification of new age financial products and financial services\u00a0under section 3(1) of the International Financial Services Centres Authority (IFSCA) Act, 2019, such as aircraft and ship leasing, global in-house centres, tax holiday on business income for\u00a010 years out of a block period of 15 years\u00a0to all IFSC Units provided under section 80-LA of the Income Tax Act, 1961 etc.<\/strong><\/span><\/li>\n
                      • The Government has also\u00a0delegated powers of Development Commissioner\u00a0under the Special Economic Zones (SEZ) Act, 2005, to the International Financial Services Centres Authority (IFSCA).<\/strong><\/span><\/li>\n
                      • Launch of a\u00a0Single Window IT System (SWITS)\u00a0for IFSC Units.<\/strong><\/span><\/li>\n<\/ul>\n

                        Global International Financial Services Centres (IFSCs) are known for creating supportive taxation environments, and GIFT City reflects this\u00a0global best practice\u00a0within India. By offering a wide range of\u00a0tax incentives and exemptions, it establishes a progressive framework that encourages both individuals and organizations to thrive. These measures not only enhance competitiveness but also position GIFT City as a trusted destination for international and domestic financial operations.<\/strong><\/span><\/p>\n\n\n\n\n\n
                        \u00a0\u00a0\u00a0\u00a0 Fiscal and Non-Fiscal Support Measures<\/strong><\/span><\/td>\n<\/tr>\n
                        Direct Tax<\/strong><\/span><\/p>\n
                          \n
                        • Tax holidays available for 10 years within a 15-year period.<\/strong><\/span><\/li>\n
                        • Reduced withholding tax on interest income.<\/strong><\/span><\/li>\n<\/ul>\n<\/td>\n
                        		Indirect Tax<\/strong><\/span><\/p>\n
                          \n
                        • GST is not applicable to transactions conducted within IFSC.<\/strong><\/span><\/li>\n
                        • Custom Duty exemption on goods imported into the SEZ.<\/strong><\/span><\/li>\n<\/ul>\n<\/td>\n<\/tr>\n
                        IT\/ITeS Policy<\/strong><\/span><\/p>\n
                          \n
                        • Fiscal incentives covering both CAPEX and OPEX.<\/strong><\/span><\/li>\n
                        • Incentives for employment generation.<\/strong><\/span><\/li>\n
                        • Aatmanirbhar Gujarat Rojgar Sahay scheme.<\/strong><\/span><\/li>\n
                        • Electricity duty concessions<\/strong><\/span><\/li>\n
                        • Self-certification<\/strong><\/span><\/li>\n<\/ul>\n<\/td>\n
                        		Other Incentives<\/strong><\/span><\/p>\n
                          \n
                        • Exemptions under the Companies Act, 2013.<\/strong><\/span><\/li>\n
                        • No Securities Transaction Tax (STT) or Commodity Transaction Tax (CTT)<\/strong><\/span><\/li>\n
                        • Stamp Duty exemption<\/strong><\/span><\/li>\n
                        • 100% reimbursement of employer\u2019s provident fund contribution.<\/strong><\/span><\/li>\n<\/ul>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

                          \n

                          Single Window Governance Framework –<\/strong><\/span><\/p>\n

                          GIFT City operates under a\u00a0streamlined single-window governance model\u00a0led by the\u00a0GIFT Urban Development Authority\u00a0and the\u00a0Notified Area Committee.<\/strong><\/span><\/p>\n

                          Conclusion:<\/strong><\/span><\/p>\n

                          GIFT City\u00a0has rapidly evolved into India\u2019s\u00a0premier international financial and IT hub, blending global standards with smart infrastructure. Its\u00a0strong regulatory framework\u00a0under IFSCA ensures transparency and competitiveness.\u00a0Progressive tax incentives and policy support\u00a0make it a magnet for global capital. The city\u2019s expansion and fintech focus highlight India\u2019s readiness for future financial leadership. With\u00a0sustainability and innovation\u00a0at its core, GIFT City is poised to anchor India\u2019s vision of\u00a0Viksit Bharat 2047<\/em>.<\/strong><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

                          Smart Finance, Smart Future: GIFT City Posted On: 28 NOV 2025 11:50AM by PIB Delhi Key Takeaways 1034+\u00a0registered entities in GIFT IFSC. The hub hosts\u00a038 banks\u00a0with an asset base of\u00a0$100.14 billion. It spans nearly\u00a01000 acres, expanding to\u00a03,300+ acres\u00a0with SEZ and DTA zones. Offers a\u00a010-year income tax exemption within a 15-year block\u00a0for IFSC units. Introduction GIFT …<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-13768","post","type-post","status-publish","format-standard","hentry","category-education-news"],"_links":{"self":[{"href":"https:\/\/theeducationoverview.in\/index.php?rest_route=\/wp\/v2\/posts\/13768","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/theeducationoverview.in\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/theeducationoverview.in\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/theeducationoverview.in\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/theeducationoverview.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=13768"}],"version-history":[{"count":1,"href":"https:\/\/theeducationoverview.in\/index.php?rest_route=\/wp\/v2\/posts\/13768\/revisions"}],"predecessor-version":[{"id":13770,"href":"https:\/\/theeducationoverview.in\/index.php?rest_route=\/wp\/v2\/posts\/13768\/revisions\/13770"}],"wp:attachment":[{"href":"https:\/\/theeducationoverview.in\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=13768"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/theeducationoverview.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=13768"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/theeducationoverview.in\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=13768"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}