Gujarat International
financial tech City
GIFT is Gujarat International financial tech City. It promoted by Indian Govt. as Special Economic Zone (SEZ) for financial services for world investment. See Geographically India is located in the middle of world Financial markets from Tokyo to US NYSE. With 21 hr of trading GIFT will servicing any client, anywhere, no matter where he is located. To promote this unique business proposition Govt. is providing lots of incentives.
LKP IFSC
LKP IFSC Pvt Ltd. is the 100% subsidiary of the listed parent company LKP Securities Ltd. This company conducts its business in IFSC GIFT SEZ. It caters to the Foreign investor to invest in India & Indian investors to invest in foreign stocks.
International Financial Services
Centres Authority (IFSCA)
International Financial Services Centres Authority (IFSCA) is the governing body for all the rules & regulations pertaining to GIFT city. This body encompassed the powers of SEBI, RBI, IRDA & other such Indian authorities. For all the work companies have to talk to a single window IFSCA. There but making it easy to do business. IFSCA was set up under the IFSCA Act, 2019, and is headquartered in GIFT City, Gujarat, India’s first operational IFSC.
Key Role of IFSCA
The primary role of IFSCA is to create a conducive regulatory framework for the growth of IFSCs, ensuring that they meet global standards while catering to the needs of international financial institutions. It acts as a unified authority, simplifying regulations and promoting seamless business operations in IFSCs.
Key Features and Functions of IFSCA
Unified Regulator
Unlike traditional Indian financial regulation divided among multiple agencies (RBI, SEBI, IRDAI, etc.), IFSCA functions as a single-window regulator for all financial activities in IFSCs.
Global Standards in Regulation
IFSCA focuses on adopting global best practices in financial regulation, ensuring IFSCs in India are competitive with other global financial hubs like Singapore, Dubai, and London.
Promoting Innovation
- Offshore banking
- Capital markets
- Insurance and reinsurance
- Fintech and emerging technologies
Ease of Doing Business
The authority simplifies regulatory compliance and provides incentives to attract international financial institutions, startups, and enterprises to IFSCs.
Policy Development
IFSCA collaborates with stakeholders to frame policies that ensure the smooth functioning of financial markets, reduce barriers to entry, and foster an investor-friendly environment
Since its establishment, IFSCA has taken several initiatives to boost the presence of international financial institutions in GIFT City and beyond. It has introduced policies to encourage offshore businesses, launched a fintech sandbox to foster innovation, and enabled a robust environment for global financial activities. By driving regulatory reforms and promoting collaboration, IFSCA plays a critical role in transforming India’s financial ecosystem and supporting its emergence as a global financial powerhouse.
Key features of GIFT City
World-Class Infrastructure
GIFT City is designed with high-quality urban planning, including eco-friendly buildings, automated waste collection systems, district cooling, and integrated transportation networks. It aims to create a sustainable, efficient, and technology-driven environment for businesses.
International Financial Services Centre (IFSC)
The IFSC in GIFT City operates under a unique regulatory framework that allows international financial transactions, making it comparable to global hubs like Dubai, Singapore, and London. It offers services in areas like banking, insurance, and capital markets.
Special Economic Zone (SEZ)
The city includes SEZ zones, providing tax benefits, regulatory exemptions, and incentives to businesses, particularly those involved in exports and financial services.
Strategic Location
Located within close proximity to Gujarat’s economic centers, the city is well-connected to major Indian cities and international markets through road, rail, and air infrastructure.
Diverse Business Opportunities
GIFT City attracts businesses across sectors like finance, IT, fintech, real estate, and education. It is home to various multinational corporations, startups, and government institutions.
GIFT City is not just a business destination but also an emerging urban township designed to provide a superior quality of life, complete with residential complexes, schools, healthcare facilities, and recreational spaces. GIFT City represents a significant step in India’s journey to become a global economic powerhouse. By offering a competitive environment for businesses and creating avenues for financial innovation, it is poised to redefine the country’s position on the world economic map. With ongoing developments and rising interest from global players, GIFT City stands as a model for future smart cities in India.