Top 5+ Upcoming Trends and Opportunities for Companies in Gift City

The VGGS (Vibrant Gujarat Global Summit) was held in Gandhinagar, making Gift City a vital focus area. Many international companies in GIFT City, such as UAE, Australia, USA, Singapore, and many more, have already expressed their interest in discovering various investment opportunities. 

In 2023, the Global Financial Centres Index for GIFT CITY was at 67, going up from 75. The Gift City companies list is slowly making steady progress through a diversified range of banking institutions and funds.

In other words, in today’s dynamic global landscape of finance and business, Gujarat International Financial Tech City, or GIFT City, has become the strategic endeavor of creating a hub for international investment and trade.

What is Gift City?

With more than 886 acres of land, GIFT City is one of the first operational smart cities with appropriate infrastructure for international insurance, capital markets, and banking.

The state Government has already started promoting it as a primary investment destination by involving more than 1000 companies in Gift City, Gujarat. It was set up in 2015 and is equidistant between Gandhinagar and Ahmedabad.

Furthermore, Gandhinagar serves as the policymaking nexus and state capital, whereas Ahmedabad is the historical and industrial hub of the state.

Gift City includes a multifaceted SEZ (Special Economic Zone) under the SEZ Act of 2005. The DTA (Domestic Tariff Area) of the Gift City offers different advantages to an extensive range of industries. 

Opportunities in GIFT City

There are numerous investment opportunities in Gift City for diversified players. Some sectors, like the one below, are witnessing high traction.

Opportunities for FinTech Companies in Gift City

There are almost 35 FinTech companies, the first bullion exchange, and two international stock exchanges in the Gift City. IFSC- GIFT city includes no restrictions on a single regulator for capital markets, fund management, banking, insurance, and currency conversion. 

The highly increasing number of FinTech companies in Gift City Gujarat will discover the best opportunity to seamlessly integrate technology and finance.

The place also offers investment opportunities for different fund types like venture capital funds, portfolio management services, alternate investment funds, exchange-traded funds, and many more.

Opportunities for IT Companies in Gift City

There are also several IT Opportunities in Gift City for the IT/ITeS companies. Various IT organizations are setting up their R&D (Research and Development) facilities, BPO, KPO units, and e-commerce operations in the Gift City. 

The state government is planning huge development in the software and application, content, ERP and web segment of the industry. There is also a proposal for setting up vertical IT/ITeS parks for the top IT Companies in GIFT City.

Opportunities for Real Estate Companies

Gift city authorities have recently allocated extra land for 5000 residential flats construction. The real estate sector has experienced a surge of 30 to 35% within a couple of months. Investors from international countries are showing interest in different real estate projects in the Gift City.

 The infrastructure, the ease of business operation, and the clearance of single windows are making Gift City a desirable destination for many real estate companies.

That is why there is a sudden price rise in this city compared to other micro real estate projects around other parts of Gujarat. 

List of Top Companies in Gift City

The Gift City Companies list does not only include financial firms but also has a diversified business range.

It includes companies from the banking, FinTech, IT, and real estate sectors. Based in vibrant Gujarat, the list of Companies in Gift City Gandhinagar is immense. This extensive diversity helps to establish a dynamic environment for various businesses to thrive. 

Top Banks in Gift City

Gift City offers various opportunities to international and national banks so that they can set their foot here.

The growing list of banks in Gift City signifies its recognition among global financial centers depending on the conducive regulatory framework, easy business operations, and competitive tax regime. The list of the Banks in Gift City is as follows:

HDFC Bank in Gift City

With the help of HDFC Bank GIFT City, international as well as national residents can invest in India. It is possible through the transactions of call accounts and offshore accounts and deposits.

The Indians can invest in fractional top 50 US shares at the Gift City Exchange through LRS (Liberalized Remittance Scheme).

SBI in GIFT City

SBI GIFT City Bank provides the fastest, best, easiest, and transparent way of sending money to various countries in the world through your account at minimal fees.

With the help of the SBI’s remittance services, you can fund savings, business, and personal requirements in various countries such as USD, JPY, EURO, and many more. 

Bank of America in GIFT City

Bank of America is the first foreign bank to establish its branch in the Gift City.

It will be serving as the primary center for rural operations. Bank of America in Gift City will also be focusing on Artificial Intelligence and FinTech for their operations.

Top FinTech Companies in Gift City

Gift City has enabled the FinTech entities to establish a globally leading hub that can be compared with the international financial centers. The leading FinTech Companies in GIFT City include:

BondbloX

BondbloX has received regulatory approval for its operations in IFSCA Gift City under restricted user authorization. It will help the members of the Gift City and their clients access global bonds.

Indians can now invest in International bonds through BondbloX, thus interlinking the capital markets. BondBloX Gift City will also allow global investors to invest in Indian bonds. 

CropData

CropData in Gift City is involved in financial intermediation. It includes an authorized share capital of INR 5,000,000 and a paid-up capital of about INR 1,000,000. 

Gieom

Gieom assists financial institutions in leveraging the latest technologies and solving complicated compliance and operational problems. 

Top IT Companies in Gift City

Gift City has recently witnessed outstanding growth in the IT industry. The list of the top IT Companies in GIFT City that have helped both economically and technologically are as follows.

QX Corporate

QX Corporate is a company specializing in providing services that support business expansion and operations. They are known for their expertise in regulatory compliance and local market understanding, particularly within GIFT City. 

Iship Design

Iship Design is one of the first solution providers related to marine design and engineering at Gift city Gujarat.

Through outstanding tax incentives, numerous engineering talent pools, and world-class facilities, Iship Design is delivering exceptional services to its customers.

Accvell Technologies

Accvell Technologies is one of the best companies in GIFT City that is involved in data processing. The company tabulates and processes all sorts of data. 

Why are these specific companies choosing Gift City?

Companies and Businesses in GIFT City are planning to set up their ventures here because:

Tax Advantages

Companies in GIFT City can benefit from different tax incentives, including exemptions from GST (Goods and Services Tax), capital gain tax, and dividend distribution tax.

These exemptions improve the ROI (Return on Investment) and profitability of family investment funds.

Amenities and Infrastructure

All the Companies in Gift City Gujarat include state-of-the-art infrastructure, advanced technological facilities, and modern office areas for seamless operations.

Robust infrastructure and cutting-edge technology streamline operations efficiently and foster a conducive environment. 

Diversified Investment Opportunities

 Companies and Businesses in GIFT City have diversified investment opportunities in several sectors, such as finance, real estate, infrastructure, and technology.

The easy availability of huge investment alternatives allows the cohorts to capitalize on and explore new market trends both globally and in India.

Global Connectivity

The strategic connectivity and location of Gift City to both international and domestic markets offer enhanced access to the companies.

Best air, rail, and road connectivity allows the Companies in GIFT City to strengthen and establish linkages for global investment. 

Upcoming projects in Gift City

The Upcoming Companies in GIFT City is as follows:

• Morgan Stanley
• BNP Paribas
• Deutsche Bank
• JP Morgan
• MUFG Bank
• Standard Chartered
• FirstRand
• Citi Bank
• HSBC Bank
• Barclays
• Wipro
• Accenture
• Transworld
• StoneX Group
• Abu Dhabi Investment Authority
• Mizuho Bank
• APEX Group
• LIC

Conclusion

Gift City has emerged as one of the best hubs for companies representing India’s microcosm of intrinsic promise and potential. Different companies from various sectors are looking for new opportunities to set up their centers in the Gift City.

 Companies in the Gift City will be the primary hub for infrastructure, opportunity, and innovation. It will also assist in strategically positioning India in the global arena.

As the companies of the Gift City are moving ahead, it is also extending its invitation to the stakeholders to engage in this transformational journey.