Tapping into the burgeoning BFSI market
See Overview
The Consumer & Retail sector is growing rapidly and is extremely dynamic. Due to constant disruption, managing business has become complicated and cumbersome.
See Overview
Our healthcare and life sciences advisory team brings together a combined experience of over 50 years to help businesses navigate through changes, new...
See Overview
At Grant Thornton in India, our automotive team works with a wide variety of clients to help them achieve their goals and increase shareholder wealth. Our...
See Overview
M&E practice encompasses team of dynamic professionals with deep technical knowledge and extensive experience of working across segments say television, print,...
See Overview
Tailored service offerings to Not for Profit organisations and CSR compliance services for dynamic businesses
See Overview
At Grant Thornton, we assist dynamic Indian businesses in the Real Estate & Construction sector throughout their business life cycle by offering robust...
See Overview
The GIFT City, established as India’s first IFSC, has the potential to transform India’s financial services ecosystem, while also fostering the government’s ‘Make in India’ objective.
Contents
Key highlights of the publication
- The Gujarat International Finance Tec-City (GIFT City) aspires to develop an International Financial Services Centre (IFSC) that harnesses the power of India’s talent house while providing world-class technology and infrastructure to global firms seeking to set up shop in India.
- In the 32nd edition of the Global Financial Centres Index published in September 20223, the GIFT City has been ranked third among the top 15 centres that are likely to become significant in the next two to three years.
- The GIFT City serves as a platform for raising global capital at competitive rates. Global capital is an important tool for economic growth and the IFSC provides the much-needed platform for Indian and foreign companies to raise foreign capital.
- As per NASCOMM, India accounts for 45% of the GICs (Global In-House Centers) of the world, with more than 1,800 GICs set up in India. With the growth in revenue projected for India, GICs are the future of global businesses. With this objective in mind, the IFSCA issued regulations to set up GICs in the GIFT City.
- This knowledge series document is written with an intent to explain the regulatory framework applicable for the banking sector. The next volumes will be focused on other financial services sub-sectors.
GIFT City – Volume 1 - IFSC banking perspective
This publication provides a perspective on the banking landscape at the Gujarat International Finance Tec-City (GIFT City).
