GIFT City
Latest news, explainers and analysis on GIFT City. Tracking 39 stories on Arth Vani.
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Latest on GIFT City
India Refines 1,200 Tonnes Gold, Consumes 800-850; GIFT City Eyes Export Potential
India refines significantly more gold than it consumes domestically, with 1,200 tonnes refined against 800-850 tonnes consumed. This surplus highlights a major export opportunity, and GIFT City is positioned to play a crucial role in facilitating these international gold shipments.
BreakingGIFT City Emerging as Key Investment Hub for NRIs Over Mainland India
Non-Resident Indians (NRIs) are increasingly looking towards Gujarat International Finance Tec-City (GIFT City) as a preferred destination for parking their capital, a trend highlighted by Fortune India. This shift indicates GIFT City's growing appeal due to its unique regulatory and tax framework designed for global financial services, offering distinct advantages compared to mainland Indian investment options.
NSE IX and London Stock Exchange Partner to Boost India-UK Market Connections
NSE International Exchange (NSE IX) and the London Stock Exchange (LSE) have signed a pact aimed at strengthening financial market ties between India and the UK. This collaboration seeks to enhance liquidity and access for investors in both countries.
IndiGo Financing Offers Export Credit Support from GIFT City
IndiGo Financing has established a new branch at Gujarat International Finance Tec-City (GIFT City) to provide export credit support. This move aims to facilitate international trade finance for Indian businesses operating globally.
Goyal Pitches for GIFT City-London Financial Corridor
A proposal has been made to establish a financial corridor connecting India's Gujarat International Finance Tec-City (GIFT City) with London. This initiative, pitched by 'Goyal', aims to foster stronger financial collaboration between the two global centers.
Taiwan's CTBC Bank Establishes First Indian Branch in GIFT City
CTBC Bank, a leading financial institution from Taiwan, has officially opened its first branch in India within the Gujarat International Finance Tec-City (GIFT City). This move marks a significant step for the bank's international expansion and reinforces GIFT City's growing appeal as a global financial hub.
Nirmala Sitharaman Invites Global Investors to Leverage India’s Growth via GIFT City
Finance Minister Nirmala Sitharaman has called on global investors to participate in India's economic expansion through the GIFT IFSC in Gujarat. Highlighting the country's stable regulatory environment, she positioned the hub as a gateway for international capital into Indian infrastructure and technology sectors.
Aurum Advantage Plan Offers Multi-Currency Cover in GIFT City
The Aurum Advantage Plan has been introduced in GIFT City, India's international financial services hub, offering multi-currency cover. While the launch signifies an expansion of financial products in the IFSC, specific details about the plan's features and benefits are not yet available.
New LaunchBreakingAgeas Federal Life Launches Multi-Currency Insurance Plan at GIFT City for NRIs
Ageas Federal Life Insurance has launched its first international life insurance plan at Gujarat's GIFT City, allowing customers to pay premiums and receive benefits in multiple foreign currencies. The plan is specifically designed for Non-Resident Indians (NRIs) and High Net-worth Individuals (HNIs) looking for dollar-denominated financial protection.
BreakingGIFT Nifty Rises 131 Points, Signals Positive Opening for Indian Markets
GIFT Nifty futures contracts jumped 131 points, indicating a potentially strong and positive start for major Indian equity indices like the Nifty 50 and Sensex on the domestic exchanges. This movement serves as an early signal for investor sentiment ahead of market open.
GIFT City Poised to Emerge as Key Global Centre for Gold Fund Investment
GIFT City, India's pioneering international financial services hub, holds the potential to become a leading global centre for gold funds. This development could broaden investment avenues, offering both Indian and international investors new opportunities to engage with gold through regulated financial products within a tax-efficient framework.
GIFT City: A Gateway for New Indian Investors to Global Opportunities
GIFT City, India's first operational smart city and international financial services centre, offers new Indian investors a unique platform to access global investment opportunities. It provides a regulated environment with tax incentives and simplified processes for cross-border financial transactions.
360 ONE WAM Gets Initial IFSCA Nod for Fund Management at GIFT City
Wealth management firm 360 ONE WAM Limited has received in-principle approval from the International Financial Services Centres Authority (IFSCA) to operate fund management services at GIFT City. This approval allows the company to establish and manage funds within India's first operational smart city and international financial services hub.
Gujarat CM Bhupendra Patel Holds Investment Talks with Japan, Singapore Envoys in Surat
Gujarat Chief Minister Bhupendra Patel recently met with envoys from Japan and Singapore at the Vibrant Gujarat Research Centre (VGRC) in Surat. The high-level discussions focused on attracting foreign investment to the state, underscoring Gujarat's strategic role in India's economic growth and its appeal to global partners.
HAL & SkyPulse Ink ₹2,491 Crore Deal for 30 Helicopters
Hindustan Aeronautics Limited (HAL) and SkyPulse have signed a Memorandum of Understanding (MoU) worth ₹2,491 crore to manufacture 30 helicopters. This collaboration aims to boost India's civil aviation sector and enhance indigenous helicopter production capabilities.
IPOBreakingXED Executive Development Opts for Private Funding as GIFT City IPO Plans Pause
Edtech firm XED Executive Development has decided to pursue private funding rounds instead of an immediate public listing at GIFT City. The company is pivoting its strategy as the regulatory and ecosystem framework for direct listings in the IFSC continues to evolve.
Mufin Green Finance Raises ₹49.8 Crore Via First International Bond Listing on India INX
Mufin Green Finance, an Indian Non-Banking Financial Company (NBFC), has successfully raised $6 million (approximately ₹49.8 crore) through its inaugural international bond listing. This significant fundraising event took place on the India International Exchange (India INX) located in GIFT City, Gujarat.
GIFT City to Introduce New Business Accommodation Policy for Work-Linked Stays
GIFT City is set to launch a new Business Accommodation Policy specifically designed to facilitate work-linked stays for professionals. This initiative aims to streamline living arrangements and enhance the overall ecosystem for individuals operating within India's international financial hub.
GIFT City Eyes Measures to Address Perceived Bias Against Bachelors
GIFT City is reportedly exploring ways to provide 'relief' for bachelors, signaling an intent to address potential biases in the financial hub. While specific details remain undisclosed, the move suggests a focus on creating a more inclusive living environment for its diverse workforce.
Bajaj Capital Forays into Global Markets via New GIFT City Entity
Bajaj Capital, a prominent Indian financial services firm, has announced its expansion into international financial markets with the launch of 'Bajaj Capital Global Markets' from GIFT City. This strategic move positions the company to offer enhanced global investment avenues, leveraging India's dedicated international financial services hub.
15 Global Reinsurers Eyeing Entry into India's GIFT IFSC
Fifteen global reinsurance firms are reportedly exploring opportunities to establish their operations within GIFT IFSC, India's premier International Financial Services Centre. This strong interest signals a growing global confidence in GIFT City as a hub for international financial services.
BreakingHSBC, ICICI Bank Lead NRI Lending at GIFT City to USD 19.3 Billion
HSBC and ICICI Bank are at the forefront of Non-Resident Indian (NRI) lending activities within India's Gujarat International Finance Tec-City (GIFT City). The total value of loans to NRIs facilitated by these leading banks at GIFT City has reached a significant USD 19.3 billion, highlighting the growing financial hub's appeal.
GIFT City Positioned as Key Hub for India's Maritime Finance
India's International Financial Services Centre (IFSC) at GIFT City is emerging as a central point for facilitating finance activities related to the maritime sector, aiming to support the nation's ambitious shipping and port development goals.
Anand Rathi Wealth Subsidiary Gets Fund Manager License in GIFT City
Anand Rathi Wealth's subsidiary, ARW Capital, has secured a Category-1 Alternative Investment Fund (AIF) license from the International Financial Services Centres Authority (IFSCA). This allows it to act as a fund manager within GIFT City's International Financial Services Centre (IFSC).
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