July 13, 2023
GIFT City has seen remarkable growth in recent years, attracting a large number of companies across various sectors. While the exact number fluctuates, here’s what I can tell you based on recent information:
- Over 680 registered entities: As of early 2024, GIFT City had over 680 registered entities operating within its International Financial Services Centre (IFSC). This number has significantly increased in recent years, indicating the growing interest in GIFT City as a business hub.
- Diverse sectors: These entities span a wide range of sectors, including:
- Financial Services: Banks, insurance companies, capital market intermediaries, fintech firms, and alternative investment funds.
- Technology: IT services, technology solutions, and other tech-related companies.
- Other Sectors: Engineering, pharmaceuticals, trading, real estate, and more.
Key Factors Contributing to Growth:
- IFSCA: The establishment of the International Financial Services Centres Authority (IFSCA) as the unified regulator for GIFT City has streamlined regulations and attracted more businesses.
- Business-friendly environment: GIFT City offers a favorable environment for businesses with tax benefits, simplified regulations, and world-class infrastructure.
- Strategic location: GIFT City’s location provides access to a large market and facilitates international business.
Where to Find the Most Up-to-Date Information:
- GIFT City Website: The official GIFT City website is a good source for information on companies operating within the city.
- IFSCA Website: The IFSCA website may also provide details on registered entities.
- News Articles and Reports: Business news publications and reports often provide updates on the growth of GIFT City and the companies present there.