A free trade zone with various tax incentives enabling flow of finance, financial products and services across borders. It is a Globally bench marked IFSC developed by the Government of Gujarat through a joint venture, fully integrated with the best-in-class infrastructure, connectivity, people, technology and legal framework.
Current Companies in GIFT City which are working and helping in generating the employement.
International Stock exchanges (GIFT City)
Key business activities and features –
- Dollar denominated products
- No transaction cost (other than brokerage)
- Trading – 22 hours
- Two International exchanges
Volume and No. of players –
- Average daily trading value on IFSC Exchanges USD 4.29 Bn
- On March 10, 2021, IFSC Exchange (India INX) derivatives turnover touched a new high of USD 30.30 Bn executing more than 1.5 Mn Contracts.
IFSC Banking units (GIFT City)
Key business activities and features –
- External Commercial Borrowing (ECB) Lending
- Loan syndication and trade finance
Volume and No. of players –
- 21 Banks Licensed, Domestic Banks -15, Foreign Banks – 6
- Total Banking Transactions touched approx. USD 135 Bn (as of May 2022)
- Total Banking Asset size: USD 31 Bn + (May- 2022)
Brokers & Intermediaries
Key business activities and features –
- External Commercial Borrowing (ECB) Lending
- Loan syndication and trade finance
Volume and No. of players –
- 21 Banks Licensed, Domestic Banks -15, Foreign Banks – 6
- Total Banking Transactions touched approx. USD 135 Bn (as of May 2022)
- Total Banking Asset size: USD 31 Bn + (May- 2022)
Overview of IFSC Framework
