GIFT City/GIFT IFSC, Banking, Capital Markets & Insurance Zone

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

Grade A SEZ Office BuildingsManaged OfficesCoworking SpacesSEZ / Tax IncentivesGrade A & ESG Assets
Zone TypeSEZ, IFSC Processing Area (IT SEZ notified under SEZ Act, 2005)
Total SEZ Area261 acres within the 886-acre GIFT City master plan
International ExchangesIndia INX (BSE subsidiary) + NSE IFSC (NSE subsidiary) + IIBX (bullion)
Daily Trade Volume$30.6 billion average daily trade across the two international exchanges
GFCI Ranking46th globally (GFCI 37, 2025); 1st for reputational advantage
Bank Assets$100.14 billion held by GIFT IFSC banks (IFSCA bulletin, 2025)
SectorDescription of Presence
Zone TypeSEZ, IFSC Processing Area (IT SEZ notified under SEZ Act, 2005)
Total SEZ Area261 acres within the 886-acre GIFT City master plan
International ExchangesIndia INX (BSE subsidiary) + NSE IFSC (NSE subsidiary) + IIBX (bullion)
Daily Trade Volume$30.6 billion average daily trade across the two international exchanges
GFCI Ranking46th globally (GFCI 37, 2025); 1st for reputational advantage
Bank Assets$100.14 billion held by GIFT IFSC banks (IFSCA bulletin, 2025)
SectorDescription of Presence

Key Employers

NSE IFSC (NSE International Exchange)India International Bullion Exchange (IIBX)JP MorganStandard CharteredDeutsche BankCitibankHSBCBarclays Bank

Space Types Available

SEZ

Grade A SEZ Office Buildings

Managed Office

Managed Offices

Co-working

Coworking Spaces

SEZ

SEZ / Tax Incentives

Grade A

Grade A & ESG Assets

Commute & Connectivity

MetroRail / Suburban
ConnectionDetailsDistance
MetricDetail
Zone TypeSEZ, IFSC Processing Area (IT SEZ notified under SEZ Act, 2005)
Total SEZ Area261 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 ExchangesIndia INX (BSE subsidiary) + NSE IFSC (NSE subsidiary) + IIBX (bullion)
Daily Trade Volume$30.6 billion average daily trade across the two international exchanges
GFCI Ranking46th globally (GFCI 37, 2025); 1st for reputational advantage
Bank Assets$100.14 billion held by GIFT IFSC banks (IFSCA bulletin, 2025)
Metro StationGIFT City (Violet Line, Ahmedabad Metro), inaugurated September 16, 2024; public operations from September 17, 2024
SectorDescription of Presence
International Banking35 IFSC Banking Units holding $100.14 billion in assets; multi-currency deposits, trade finance, dollar loans to Indian corporates
Capital MarketsIndia 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 & Reinsurance47 insurance firms; international reinsurance, Lloyd's syndicates, IFSC Insurance Offices (IIOs), reducing India's dependence on offshore reinsurance hubs
Fund Management & Wealth272 funds + 177 FMEs; AIFs, PMS, mutual funds relocating to GIFT; 100% NRI ownership of IFSC-domiciled funds permitted (SEBI 2024 amendment)
Aircraft & Ship LeasingGovernment-backed hub for aircraft leasing as alternative to Ireland/Dubai; ship leasing receiving capital gains tax exemptions
FinTech35 fintech entities; IFSCA FinTech Regulatory Sandbox; AI Centre of Excellence; India's leading alternative for FinTech testing in a globally benchmarked regulatory environment
Bullion TradingIIBX, India's first international bullion exchange; seeking to replicate Dubai and Singapore's bullion hub status

Market Context

  • Nearest Metro Station
  • Nearest Railway Station
  • Major Highway / Expressway
  • Key Feeder Roads

Companies in this Market

Nearest Metro Station

2024; public operations commenced September 17

Nearest Mall / Amenity Hub

Alpha One Mall (AhmedabadGIFT City internal amenities, food courtsretailclub

Bus / GSRTC

NarodaPaldi (via SG Highway)

Inter-city Road

while the full 508 km corridor is projected for 2028

Exchanges and Market Infrastructure:

stock futuresbondsUnsponsored Depository Receipts (UDRs) for US-listed stocksJP MorganStandard CharteredDeutsche BankCitibankHSBCBarclays BankBank of AmericaState Bank of India (IBU)ICICI Bank (IBU)HDFC Bank (IBU)Axis Bank (IBU)Qatar National BankMUFG BankDFCC BankCentral Bank of India (IBU)IDFC FIRST Bank (IBU)

Capital Markets & Exchanges

India INX (BSE India subsidiary)NSE IFSC (NSE subsidiary)NSE International Clearing Corporation (NSEICC)India International Bullion Exchange (IIBX)

Insurance & Reinsurance

GIC Re (IFSC Insurance Office)New India AssuranceLloyd's of London affiliates47 insurance firms total including lifenon-life

Fund Management

177+ fund management entities; Category III

Consulting & Professional Services

EY (advisory to GIFT City entities)KPMG (financial services consulting)Deloitte (tax planningGrant Thornton (accounting

Engineering & Industry (Special Entry)

with plans to house approximately 300 employees)GIFT Tower 2, TCS occupies floors 812; multi-tenant Grade A tower in the SEZ processing areaPragya-2 (Savvy Group), 20 floorsSMEs

Coworking Spaces

State subsidy on lease rentalsprovident fund contributions

Talent Pipeline

engineering

Grade A & ESG Assets

utility tunnels eliminating all road diggingAutomated Waste Collection System (AWCS by EnvacSweden; India's first)Tier IV data centre (900-rack capacity)ring architecture IT infrastructure.

Sectors with Significant Presence

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

Infrastructure & Business Environment

Nearest Metro Station

  • GIFT City Station (Violet Line / Ahmedabad Metro Phase 2), inaugurated September 16, 2024; public operations commenced September 17, 2024; the station is located directly within GIFT City; the Violet Line is a 5.416 km elevated spur branching from GNLU station on the Red Line; 3 stations on this spur: GNLU → PDPU → GIFT City

Nearest Railway Station

  • Gandhinagar Capital Railway Station, ~15 km, Sabarmati Junction (Ahmedabad), ~22 km, Ahmedabad Junction (Kalupur), ~28 km

Airport

  • Sardar Vallabhbhai Patel International Airport (Ahmedabad), ~12 km via SG Highway / Ahmedabad-Gandhinagar Expressway

Major Highway / Expressway

  • NH-147B (Ahmedabad-Gandhinagar Expressway / SG Highway extension), GIFT City is directly accessed via this expressway; ~0 km entry, NH-48 (Delhi-Mumbai Expressway corridor), ~20 km via SG Highway; connects nationally

Key Feeder Roads

  • The Ahmedabad-Gandhinagar Highway (SH-71 / 6-lane arterial) runs directly adjacent to GIFT City; entry from both north and south, GIFT City internal grid, 6 arterial roads with a planned walk-to-work urban design; all commercial towers within a walkable campus

Nearest Mall / Amenity Hub

  • Alpha One Mall (Ahmedabad, SG Highway), ~18 km, GIFT City internal amenities, food courts, retail, club, dining within the campus; Courtyard by Marriott (operated within GIFT City complex)

Bus / GSRTC

  • GSRTC electric bus, Gujarat State Road Transport Corporation runs multiple GIFT City routes including from Sarkhej, Naroda, Paldi (via SG Highway), and Gandhinagar sectors; multiple daily services, GIFT GO Bus, internal feeder shuttle service connecting GIFT City to key Ahmedabad nodes and Gandhinagar administrative area, VTCOS Bus (Gandhinagar Corporation) also serves the GIFT City corridor

Inter-city Road

  • Ahmedabad city centre (Lal Darwaja), ~30 km via SG Highway, Gandhinagar Secretariat, ~8 km, Mumbai: ~530 km via NH-48; the Mumbai–Ahmedabad High Speed Rail (Bullet Train) is under construction with 345 km of viaduct completed as of 2026; the first trial run (Surat–Bilimora section) is targeted for 2026, while the full 508 km corridor is projected for 2028, which will cut Mumbai–Ahmedabad transit to ~2 hours and further integrate GIFT City with India's financial capital The GIFT IFSC is not a conventional office park, it is a distinct regulatory jurisdiction operating as a "country within a country" for financial services. IFSCA treats IFSC units as non-resident entities under FEMA, allowing them to conduct transactions in freely convertible foreign currencies without restrictions that typically apply to domestic operations.

Exchanges and Market Infrastructure

  • India INX (India International Exchange), promoted by BSE; India's first international exchange; enables Dollar-denominated index futures, stock futures, bonds, and ETFs; became the first exchange in India to enable Direct Listing of Indian Companies (2025) under the new Direct Listing Scheme, NSE IFSC (NSE International Exchange), subsidiary of NSE; enables trading in international derivatives, Unsponsored Depository Receipts (UDRs) for US-listed stocks, debt securities; supported by NSE International Clearing Corporation (NSEICC), India International Bullion Exchange (IIBX), India's first international bullion exchange; operational since 2022; 75+ jewellers onboarded; gold and silver trading in international currency GIFT Nifty: The GIFT Nifty (formerly SGX Nifty), Nifty 50 futures contracts that were previously traded on the Singapore Exchange, were migrated to NSE IFSC in 2023. GIFT Nifty logged an all-time high monthly turnover of $129.80 billion in March 2026, surpassing the previous record of $106.22 billion set in October 2025, establishing GIFT City as the global discovery platform for Indian equity benchmarks. Banking Cluster: 35 IFSC Banking Units (IBUs) operate here, including JP Morgan, Standard Chartered, Deutsche Bank, Citibank, HSBC, Barclays, Bank of America, SBI, ICICI, HDFC, Qatar National Bank, DFCC Bank, MUFG, and IDFC FIRST Bank (December 2025). Together these units hold $100.14 billion in assets and have disbursed nearly $20 billion in dollar loans to Indian corporates. IBUs can accept multi-currency deposits, provide trade finance, and conduct treasury operations in foreign currency. IFSCA as Regulatory Advantage: All financial services in GIFT IFSC are regulated by a single authority, IFSCA, eliminating the fragmented compliance burden of dealing separately with RBI, SEBI, IRDAI, and PFRDA. IFSCA also runs regulatory sandboxes for fintech innovation and approves GIC (Global In-House Centre) frameworks for financial services groups.

BFSI & Financial Services (IFSC Banking Units)

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)

Capital Markets & Exchanges

India INX (BSE India subsidiary), NSE IFSC (NSE subsidiary), NSE International Clearing Corporation (NSEICC), India International Bullion Exchange (IIBX)

Insurance & Reinsurance

GIC Re (IFSC Insurance Office), New India Assurance, Lloyd's of London affiliates, 47 insurance firms total including life, non-life, and reinsurance

Fund Management

177+ fund management entities; Category I, II, III AIFs; 272 registered funds; sovereign wealth fund vehicles; private equity and venture capital funds

Consulting & Professional Services

EY (advisory to GIFT City entities), KPMG (financial services consulting), Deloitte (tax planning, regulatory compliance), Grant Thornton (accounting, advisory)

Engineering & Industry (Special Entry)

Technip Energies (FintechOne Tower, inaugurated its fourth Indian operating centre at GIFT City on February 14, 2025, with plans to house approximately 300 employees)

Grade A SEZ Office Buildings

  • GIFT One, the original GIFT City SEZ tower; anchor building for early IFSC tenants; directly accessed from the main boulevard, GIFT Tower 2, TCS occupies floors 8, 10, 11, 12; multi-tenant Grade A tower in the SEZ processing area, FintechOne Tower, purpose-built for fintech and technology companies; Technip Energies inaugurated its fourth Indian operating centre here on February 14, 2025 (~300 employees planned); named to reflect the zone's TechFin focus, Pragya-1 / ATS Pragya (Savvy + ATS Group), G+23 floors; designed by Hafeez Contractor; in the IFSC SEZ zone; Plot 15-A; multi-tenant with banks and financial institutions, Pragya-2 (Savvy Group), 20 floors, 5.75 lakh sq ft; Plot 15-C1 IFSC SEZ; Infosys signed 10-year lease (Oct 2024) for floors 14-17 (1.03 lakh sq ft); immediate possession available; equipped with India's first district cooling system

Managed Offices

  • IFSCA-sanctioned managed workspace, IFSCA removed minimum office space requirements for certain financial service providers (December 2025) to reduce barriers to entry; several operators offering plug-and-play IFSC units for banks and fund managers, Pragya Accelerator 2, co-working/managed workspace modules within the Pragya complex for startups, SMEs, and financial services firms; flexible layouts and fully furnished configurations

Coworking Spaces

  • GIFT City internal coworking hubs, multiple flex desks and managed office configurations within the commercial towers; designed for financial services firms needing short-duration IFSC presence before full fit-out, GIFT GO Workspace, GIFT City operator-facilitated workspace solutions for companies entering the IFSC ecosystem

SEZ / Tax Incentives, Most Comprehensive in India

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

Talent Pipeline

  • Pandit Deendayal Energy University (PDPU), ~2 km (metro station adjacent); energy, engineering, and management programs; direct metro connection to GIFT City, Gujarat National Law University (GNLU), ~3 km (Violet Line metro station adjacent); premier law university; key talent source for IFSC legal and compliance functions, DAIICT (Dhirubhai Ambani Institute of Information and Communication Technology), ~5 km, IIT Gandhinagar, ~8 km, Queen's University Belfast India Campus (GIFT City), a specialized Tech-Academic hub offering postgraduate programs including M.Sc. in Financial Analytics and Business Analytics; first Russell Group university to establish an India presence within GIFT City; feeds directly into IFSC's talent demand for quantitative finance and analytics roles

Grade A & ESG Assets

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.

Power & Connectivity

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.