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The report seeks to consolidate the regulatory ecosystem crafted by the GoI, International Financial Services Centres Authority (IFSCA) and other regulators, bringing together key regulatory provisions, guidelines, tax incentives in GIFT City, etc., that shape the operational landscape for entities across various sectors. This consolidation not only simplifies the regulatory framework but also enhances accessibility for businesses looking to navigate this dynamic environment and make informed decisions.
The report is divided into eight sections that provide an overview of opportunities in GIFT City:
- Overview of IFSC at GIFT City
- Current market presence in IFSC at GIFT City
- Opportunities for financial services players like banks, fund management, insurance/reinsurance, capital market players, etc., in IFSC at GIFT City;
- Opportunities for corporates /non-financial services players in IFSC at GIFT City;
- Opportunities for Center of Excellence in IFSC at GIFT City;
- Opportunities for individuals (resident and non-resident individuals); etc.
Each sectoral chapter highlights the key opportunities and provides sector specific insights, supported by relevant statistics and growth trends, enabling enterprises to have a broader view of the opportunities in GIFT City.
Authors:
Tejas Desai, Financial Services - Tax Leader, EY India
Jugal Kajaria, Partner, Tax and Regulatory Services, EY India
Jaiman Patel, Partner, GIFT City, EY India