IFSC, which stands for International Financial Services Center is designed to boost the growth of the local economy by attracting foreign financial services and investments. In Gujarat, this vision is embodied by the Gujarat International Finance Tec-City (GIFT City), which is rapidly emerging as a significant global finance hub.

The Indian government is actively promoting the Gujarat International Finance Tec-City, known as GIFT City, as a premier "gateway for global capital and financial services for the economy." In an effort to attract companies, the government is offering tax breaks and other incentives to entice businesses to establish a presence within the city. GIFT City aims to provide a world-class infrastructure and regulatory framework to facilitate global financial services, as well as trade and commercial real estate.

This blog explores why GIFT City is becoming a preferred destination for Indian businesses and financial managers looking to relocate their overseas operations and the momentum it is gaining in the international financial scene.

The Charm of GIFT City

Located on the banks of the Sabarmati River near Ahmedabad, Gujarat, GIFT City stands as a pinnacle of modern infrastructure and cutting-edge facilities tailored to the needs of financial services. With state-of-the-art connectivity, robust IT infrastructure, and a supportive regulatory framework, GIFT City presents a compelling proposition compared to traditional financial centers like Singapore and Hong Kong.

GIFT City offers comprehensive services, including banking, brokerage, and insurance operations that benefit from India's regulatory regime, which is specifically designed to facilitate ease of doing business. Furthermore, GIFT City's strategic location combines with its tax incentives, including exemption from various local taxes, to create an environment conducive to business growth and development.

Read more at https://www.resmanagement.in/ifsc-center-indian-managers-gift-city