GIFT City - India's Only Approved IFSC

Gujarat International Finance Tec-City is India's only approved International Financial Services Centre: a separate financial jurisdiction inside India, with full convertibility and a single globally aligned regulator, IFSCA.

Footprint
886 AcresExpanding to 2,000 Acres

Joint Venture

Established through a collaboration between the Government of Gujarat and IL&FS.

Globally Benchmarked

Designed to compete with leading global financial centres and uses globally recognized frameworks.

USD 45 Bn+

Commitments Raised Under IFSCA

Enabling cross-border financial products & services.

35 Mn+

Global NRI Population

A large global Indian diaspora remains closely connected to India's economic and investment story.

USD 100 Bn+

Expected Investment AUM for GIFT City

GIFT IFSC bridges global capital with India's growth opportunities through an internationally oriented ecosystem.

Investing Globally Vs Investing In India

Investing Globally
VS
Investing in India

Indian capital flows out into global opportunities

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Global capital flows into Indian opportunities

Resident Indian Individuals (via LRS), Resident Indian corporates (through OPI)

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NRIs, OCIs/PIO, Foreign Investors seeking India exposure

Rupees converted to USD at remittance; returns in USD

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Invest in USD; returns in USD, repatriate in USD

Gains taxable as per tax jurisdiction of NRIs; no capital gains tax in India only in closed ended funds

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No capital gains for non-resident investors in select structures

12.5% LTCG / 20% STCG; TCS on LRS remittance (refundable)

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Not applicable. Resident Indians cannot invest in overseas-only structures

LRS for residents (USD 250K/year); OPI route for resident corporates up to 50% of their net worth

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FEMA IFSC framework; IFSCA regulated; no FPI license required for foreign investors

Investing Globally

Indian capital flows out into global opportunities

Investing in India

Global capital flows into Indian opportunities

The Structural Gaps GIFT City Solves

Overseas Investment Limit

Indian MFs cannot invest more than USD 7 billion in overseas assets
SEE THE SOLUTION
Indian MFs cannot invest more than USD 7 billion in overseas assets
SEE THE SOLUTION

NRI onboarding and Repatriation

NRI investing in india is complex:
  • PAN mandatory
  • NRE/NRO accounts mandatory
  • Form 145 & 146 for repatriation( earstwhile form 15CA & CB)
  • 45+ day repatriation
SEE THE SOLUTION
NRI investing in india is complex:
  • PAN mandatory
  • NRE/NRO accounts mandatory
  • Form 145 & 146 for repatriation( earstwhile form 15CA & CB)
  • 45+ day repatriation
SEE THE SOLUTION

Foreign investor registration

Foreign investors must register as FPI with SEBI - complex, expensive, time-consuming
SEE THE SOLUTION
Foreign investors must register as FPI with SEBI - complex, expensive, time-consuming
SEE THE SOLUTION

Where global funds are managed

Indian AMCs had to set up entities in Singapore or Mauritius
SEE THE SOLUTION
Indian AMCs had to set up entities in Singapore or Mauritius
SEE THE SOLUTION

Gateway for Diverse Investor Segments

Access

Full access to Retail Mutual Funds, AIFs (Category I, II & III), and PMS.

Banking

No NRE/NRO account required. Investments can be made directly in foreign currency from an overseas bank.

Documentation

PAN is not mandatory.

Repatriation

100% repatriation of principal and returns, subject to applicable regulations.

Access

Eligible for the same GIFT City benefits as NRIs, including participation in applicable investment structures.

Investment Limit

OCIs can contribute up to 100% of the corpus in eligible IFSC-based funds registered as FPIs and investing in Indian securities, subject to applicable regulatory conditions.

Individuals

Invest through the Liberalised Remittance Scheme (LRS), with a limit of USD 250,000 per individual per financial year.

Corporates

Resident corporates can invest through the applicable overseas investment route, subject to prescribed limits and regulations.

Access

Access to eligible outbound global funds. NRI-only inbound structures are not available to resident Indians.

Tax & Remittance

Applicable TCS and other tax requirements apply to qualifying remittances.

Access

Access to eligible GIFT City investment structures and global investment opportunities.

Banking & Currency

Transactions can be undertaken in foreign currency, subject to applicable regulations.

Frequently Asked Questions

GIFT IFSC (Gujarat International Finance Tec-City – International Financial Services Centre) is India's first operational International Financial Services Centre, located in Gandhinagar, Gujarat. It provides a platform for domestic and international financial institutions to offer permitted cross-border financial products and services within India, including transactions in foreign currencies, subject to applicable regulations.

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