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Ahmedabad: Gujarat International Finance-Tec City (GIFT City) has witnessed rapid growth in its fund management ecosystem over the past five years, with capital commitments rising sharply from less than $0.5 billion in March 2020 to $32.13 billion by Dec 2025, according to official data.Experts said the nearly six-fold increase reflects growing use of GIFT City for both India-focused and global investment strategies.The number of Fund Management Entities (FMEs) operating in the International Fin ...Read More >
New Delhi, April 8 (SocialNews.XYZ) The Gujarat International Finance Tec-City (GIFT City), on Wednesday, told that its fund management ecosystem scaled sharply over five years, with capital commitments surging 60-fold from less than $0.5 billion in March 2020 to $32.13 billion as of December 2025. The number of Fund Management Entities (FMEs) operating in the International Financial Services Centre increased from 8 in March 2020 to 202 at present, representing a 25-fold growth. GIFT City-base ...Read More >
Ahmedabad: With a fast-rising presence of IFSC banking units (IBUs) in GIFT IFSC, the size of the banking assets has increased sevenfold in five years, according to data by GIFT City. The country's first International Financial Services Centre at Gujarat International Finance Tec-City (GIFT City) saw banking assets crossing $106.7 billion as of Feb 2026, marking a sevenfold jump from $14 billion in Sep 2020.A key infrastructure boost came with the launch of the foreign currency settlement system ...Read More >
Gandhinagar (Gujarat) [India], April 2 (ANI): GIFT City's insurance and reinsurance ecosystem has witnessed rapid expansion, with premium volumes growing from USD 102 million in 2020 to over USD 1.2 billion by 2025, marking an over 11-fold increase in the past five years and signalling a strong scale-up of India-linked risk underwriting within the International Financial Services Centre (IFSC). According to GIFT city press release, "The growth in premiums has been supported by a steady increase ...Read More >
Gandhinagar (Gujarat) [India], April 2 (ANI): GIFT City's insurance and reinsurance ecosystem has witnessed rapid expansion, with premium volumes growing from USD 102 million in 2020 to over USD 1.2 billion by 2025, marking an over 11-fold increase in the past five years and signalling a strong scale-up of India-linked risk underwriting within the International Financial Services Centre (IFSC). According to GIFT city press release, "The growth in premiums has been supported by a steady increase ...Read More >
Gandhinagar (Gujarat) [India], March 30 (ANI): Banking assets at GIFT City's International Financial Services Centre (IFSC) have crossed USD 106.7 billion as of February 2026, marking a more than seven-fold increase from USD 14 billion in September 2020, underscoring the rapid scale-up of India's offshore banking ecosystem, according to a statement released by GIFT city. The growth has been supported by a robust and expanding banking base, with 37 banks operating in GIFT IFSC, including 20 fore ...Read More >
Mumbai, Mar 30 (PTI) Misselling of the AT-1 bonds, which led to a rap from the regulators, and under-performance of the country's largest private sector lender HDFC Bank were the reasons behind his resignation, said former chairman Atanu Chakraborty on Monday. Personal differences with the management are "overblown" and it was not the issue "by a long distance" for the resignation earlier this month, Chakraborty said, stressing that "incongruence" on values and ethics led him to quit the board. ...Read More >
Gandhinagar (Gujarat) [India], November 10 (ANI): GIFT City, India's first operational smart city and International Financial Services Centre (IFSC), and a project of national importance has announced that Bastian Hospitality, one of India's leading premium food and beverage (F&B) groups, is entering Gujarat with a flagship dining and lifestyle destination at GIFT City's Central Park. The upcoming venue, Bastian Republic, will operate the food zone spread across one lakh sq. ft. at Central Park ...Read More >
Mumbai, October 7: With an aim to boost international trade, investment, and ease of doing business, Finance Minister Nirmala Sitharaman on Tuesday unveiled foreign currency settlement system in GIFT City. Addressing the 'Global Fintech Fest 2025' here, Sitharaman said that "foreign currency settlement system to solve the problem of facilitating seamless transactions on real-time basis, enhance liquidity management, and ensuring compliance." IMC 2025 on October 8: PM Narendra Modi to Inaugurate ...Read More >
Mumbai, Oct 7 (SocialNews.XYZ) With an aim to boost international trade, investment, and ease of doing business, Finance Minister Nirmala Sitharaman on Tuesday unveiled foreign currency settlement system in GIFT City. Addressing the 'Global Fintech Fest 2025' here, Sitharaman said that "foreign currency settlement system to solve the problem of facilitating seamless transactions on real-time basis, enhance liquidity management, and ensuring compliance." She further informed that the FCSS will ...Read More >
Ahmedabad - Mashreq, one of the MENA region's leading financial institutions, today announced the In-Principle Approval (IPA) to open a new International Financial Services Centre Banking Unit (IBU) within the Gujarat International Finance Tec-City (GIFT City), making it the first UAE-based bank to have received the IPA from the International Financial Services Centres Authority (IFSCA). This marks a key milestone in Mashreq's international expansion strategy and underscores its commitment to e ...Read More >
Gandhinagar (Gujarat) [India], June 27 (ANI): Infosys founder NR Narayana Murthy visited the Gujarat International Finance Tec-City (GIFT City) in Gandhinagar on Friday and lauded the rapid progress being made, expressing appreciation for the world-class infrastructure and the growing number of international companies establishing operations there. During his visit, he held a detailed meeting with GIFT City Chairman Hasmukh Adhia, GIFT City Managing Director and Group CEO Tapan Ray, and K Rajar ...Read More >
New Delhi: Finance minister Nirmala Sitharaman on Thursday called upon the financial sector regulators to take initiatives for identifying the aspirational needs of GIFT International Financial Services Centre (GIFT IFSC) in Gujarat. GIFT IFSC is India's first international financial services centre that aims to provide service to foreign multinational companies in India. Sitharaman stressed on fast-tracking reforms at the GIFT City in next few years to align the financial sector with the count ...Read More >
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