Wall Street Meets Sabarmati: GIFT City Emerges as India’s Global Finance Magnet

India’s GIFT City (Gujarat International Finance Tec-City) is no longer just a bold vision—it’s fast becoming a Wall Street alternative for global finance. With Budget 2025 extending tax holidays till 2030, easing fund relocation norms, and streamlining compliance, GIFT City is attracting a wave of foreign portfolio investors, fintech giants, and global banks.

 

Key Highlights:

 

- Tax & Regulatory Sweeteners
 

- Extended tax exemptions for fund managers, insurers, and aircraft/ship leasing firms operating from GIFT IFSC
 

- No capital gains tax on derivatives and participatory notes issued from GIFT City
 

- Simplified fund relocation from offshore jurisdictions like Mauritius and Singapore

 

- Global Financial Services Hub
 

- Over 550 entities operational, including HSBC, Standard Chartered, and Bank of America
 

- $20+ billion in committed investments and growing interest from hedge funds and sovereign wealth funds
 

- Google and Oracle among tech players building digital infrastructure in the city

 

- Infrastructure & Innovation
 

- India’s first district cooling system, automated waste management, and underground utility tunnels
 

- Launch of GIFT International Fintech Institute and Innovation Hub to nurture talent and R&D
 

- 24/7 plug-and-play ecosystem with single-window clearances and SEZ benefits

 

- Diplomatic & Strategic Edge
 

- GIFT City is being positioned as a gateway for global investing, especially for NRIs and ASEAN partners
 

- India’s answer to Singapore and Dubai in the race for financial supremacy

 

GIFT City isn’t just wooing Wall Street—it’s building its own.

 

Source: GIFT Gujarat, Budget 2025 Blog (Sobha), LiveMint