With 34 banks, the banking ecosystem has been a major contributor to the Financial Centre volumes. Gujarat International Finance Tec-City (GIFT City) is witnessing significant traction from leading financial and tech entities to set-up their base in GIFT City
FinTech BizNews Service
Mumbai, August 20, 2025: Gujarat International Finance Tec-City (GIFT City)—India’s maiden International Financial Services Centre (IFSC), is witnessing significant traction from leading financial and tech entities to set-up their base in GIFT City.
GIFT IFSC is an important gateway for international investors to participate in India’s growth story and has the necessary ingredients to become a key offshore financial centre for South Asia. GIFT City offers a revolutionary launchpad for legacy and modern businesses rooted in cutting-edge technology. The perpetually growing trust of renowned organisations and institutions is inspiring proof of a new financial and technological era.
Dr. Dipesh Shah, Executive Director, International Financial Services Centres Authority, reveals: “GIFT IFSC banking eco system is growing rapidly. It now contributes around 35% of India’s External Commercial Borrowing. In near future it may contribute majority of India dollar borrowing. With 34 banks, the banking ecosystem has been a major contributor to the Financial Centre volumes.”
