GIFT City/GIFT IFSC, Banking, Capital Markets & Insurance Zone
GIFT IFSC, Banking, Capital Markets & Insurance Zone, a key commercial destination in GIFT City
The GIFT IFSC (International Financial Services Centre) is the beating heart of GIFT City, the SEZ zone designated under the Special Economic Zones Act, 2005, and governed by the International Financial Services Centres Authority (IFSCA), India's single unified financial services regulator consolidating powers of RBI, SEBI, IRDAI, and PFRDA. For companies engaged in international banking, capital markets, fund management, insurance, and aircraft/ship leasing, the GIFT IFSC is the only regulatory jurisdiction in India where transactions can be conducted offshore in foreign currencies with a co
SEZ
Grade A SEZ Office Buildings
Managed Office
Managed Offices
Co-working
Coworking Spaces
SEZ
SEZ / Tax Incentives
Grade A
Grade A & ESG Assets
| Connection | Details | Distance |
|---|---|---|
| Metric | Detail | |
| Zone Type | SEZ, IFSC Processing Area (IT SEZ notified under SEZ Act, 2005) | |
| Total SEZ Area | 261 acres within the 886-acre GIFT City master plan | |
| Registered Entities (June 2025) | 939 entities across GIFT City; 35+ IFSC Banking Units; 47 insurance firms; 272 funds | |
| International Exchanges | India INX (BSE subsidiary) + NSE IFSC (NSE subsidiary) + IIBX (bullion) | |
| Daily Trade Volume | $30.6 billion average daily trade across the two international exchanges | |
| GFCI Ranking | 46th globally (GFCI 37, 2025); 1st for reputational advantage | |
| Bank Assets | $100.14 billion held by GIFT IFSC banks (IFSCA bulletin, 2025) | |
| Metro Station | GIFT City (Violet Line, Ahmedabad Metro), inaugurated September 16, 2024; public operations from September 17, 2024 | |
| Sector | Description of Presence | |
| International Banking | 35 IFSC Banking Units holding $100.14 billion in assets; multi-currency deposits, trade finance, dollar loans to Indian corporates | |
| Capital Markets | India INX + NSE IFSC, the only dollar-denominated international exchange ecosystem in India; $30.6 billion average daily trade; GIFT Nifty all-time high monthly turnover $129.80 billion (March 2026) | |
| Insurance & Reinsurance | 47 insurance firms; international reinsurance, Lloyd's syndicates, IFSC Insurance Offices (IIOs), reducing India's dependence on offshore reinsurance hubs | |
| Fund Management & Wealth | 272 funds + 177 FMEs; AIFs, PMS, mutual funds relocating to GIFT; 100% NRI ownership of IFSC-domiciled funds permitted (SEBI 2024 amendment) | |
| Aircraft & Ship Leasing | Government-backed hub for aircraft leasing as alternative to Ireland/Dubai; ship leasing receiving capital gains tax exemptions | |
| FinTech | 35 fintech entities; IFSCA FinTech Regulatory Sandbox; AI Centre of Excellence; India's leading alternative for FinTech testing in a globally benchmarked regulatory environment | |
| Bullion Trading | IIBX, India's first international bullion exchange; seeking to replicate Dubai and Singapore's bullion hub status |
Metric
Detail
Zone Type
SEZ, IFSC Processing Area (IT SEZ notified under SEZ Act, 2005)
Total SEZ Area
261 acres within the 886-acre GIFT City master plan
Registered Entities (June 2025)
939 entities across GIFT City; 35+ IFSC Banking Units; 47 insurance firms; 272 funds
International Exchanges
India INX (BSE subsidiary) + NSE IFSC (NSE subsidiary) + IIBX (bullion)
Daily Trade Volume
$30.6 billion average daily trade across the two international exchanges
GFCI Ranking
46th globally (GFCI 37, 2025); 1st for reputational advantage
Bank Assets
$100.14 billion held by GIFT IFSC banks (IFSCA bulletin, 2025)
Metro Station
GIFT City (Violet Line, Ahmedabad Metro), inaugurated September 16, 2024; public operations from September 17, 2024
International Banking
35 IFSC Banking Units holding $100.14 billion in assets; multi-currency deposits, trade finance, dollar loans to Indian corporates
Capital Markets
India INX + NSE IFSC, the only dollar-denominated international exchange ecosystem in India; $30.6 billion average daily trade; GIFT Nifty all-time high monthly turnover $129.80 billion (March 2026)
Insurance & Reinsurance
47 insurance firms; international reinsurance, Lloyd's syndicates, IFSC Insurance Offices (IIOs), reducing India's dependence on offshore reinsurance hubs
Fund Management & Wealth
272 funds + 177 FMEs; AIFs, PMS, mutual funds relocating to GIFT; 100% NRI ownership of IFSC-domiciled funds permitted (SEBI 2024 amendment)
Aircraft & Ship Leasing
Government-backed hub for aircraft leasing as alternative to Ireland/Dubai; ship leasing receiving capital gains tax exemptions
FinTech
35 fintech entities; IFSCA FinTech Regulatory Sandbox; AI Centre of Excellence; India's leading alternative for FinTech testing in a globally benchmarked regulatory environment
Bullion Trading
IIBX, India's first international bullion exchange; seeking to replicate Dubai and Singapore's bullion hub status
JP Morgan, Standard Chartered, Deutsche Bank, Citibank, HSBC, Barclays Bank, Bank of America, State Bank of India (IBU), ICICI Bank (IBU), HDFC Bank (IBU), Axis Bank (IBU), Qatar National Bank, MUFG Bank, DFCC Bank, Central Bank of India (IBU), IDFC FIRST Bank (IBU)
India INX (BSE India subsidiary), NSE IFSC (NSE subsidiary), NSE International Clearing Corporation (NSEICC), India International Bullion Exchange (IIBX)
GIC Re (IFSC Insurance Office), New India Assurance, Lloyd's of London affiliates, 47 insurance firms total including life, non-life, and reinsurance
177+ fund management entities; Category I, II, III AIFs; 272 registered funds; sovereign wealth fund vehicles; private equity and venture capital funds
EY (advisory to GIFT City entities), KPMG (financial services consulting), Deloitte (tax planning, regulatory compliance), Grant Thornton (accounting, advisory)
Technip Energies (FintechOne Tower, inaugurated its fourth Indian operating centre at GIFT City on February 14, 2025, with plans to house approximately 300 employees)
GIFT IFSC offers the most complete tax holiday framework available anywhere in India for financial services companies:, 100% corporate income tax exemption for 10 consecutive years out of a block of 15 years, 0% GST on services provided to IFSC units or offshore clients, 0% Securities Transaction Tax (STT) and Commodity Transaction Tax (CTT), 0% Capital Gains Tax on specified securities, 0% Stamp Duty on transactions on IFSC exchanges, 0% Minimum Alternate Tax (MAT) for eligible companies, Duty-free import of capital goods and consumables, State subsidy on lease rentals, provident fund contributions, and electricity charges, IFSC units treated as non-resident under FEMA, full currency convertibility
GIFT City holds India's first Platinum Rating under IGBC (Indian Green Building Council) Green Cities certification, the highest green city rating available in India. Key sustainability infrastructure: district cooling system (saves up to 30% energy vs. conventional HVAC; India's first commercial deployment), utility tunnels eliminating all road digging, Automated Waste Collection System (AWCS by Envac, Sweden; India's first), supply from two independent power grids ensuring 99.9% uptime, Tier IV data centre (900-rack capacity), ring architecture IT infrastructure.
Dual-grid power supply with 99.9% guaranteed uptime. Dedicated Tier IV data centre with 900-rack capacity. Ring-architecture fibre connectivity across all commercial buildings. SWIFT connectivity and international data pipes available to all IFSC Banking Units. 24x7 operations permitted for IFSC-licensed entities.