The story
GIFT City was planned by the Gujarat government as India's first global financial hub, on the Sabarmati between Ahmedabad and Gandhinagar. It holds India's International Financial Services Centre, regulated by a single body, the IFSCA, since 2020. Banks, fund managers, insurers, leasing firms and the India International Bullion Exchange have set up there.
In numbers
GIFT IFSC has 1,034+ registered entities and hosts 38 banks with an asset base of $100.14 billion (PIB, November 2025).
Smart Finance, Smart Future: GIFT City (PIB backgrounder, 28 November 2025) · 2025As of September 2025, GIFT IFSC hosted 20 FinTech/TechFin entities and 8 sandbox participants.
Smart Finance, Smart Future: GIFT City (PIB backgrounder, 28 November 2025) · 2025
Ways in for a newcomer
- Compliance, accounting and legal services for IFSC units
- Back-office and global in-house centre work
- Fintech start-ups under the IFSCA sandbox
- Office services, housing and hospitality for professionals
Problems the cluster faces
- High compliance requirements
- Need for skilled finance professionals
- Competition from Dubai and Singapore
Businesses to start here
IT Support and Managed Services →Facility Management Services →Carbon Credit Awareness and Consultancy →