10 months ago
GIFT City Expands with Global Capability Centres
GIFT City, a special financial zone in Gujarat, India, is planning to grow even bigger.
The person in charge, Sanjay Kaul, says that in 2026, they will focus on bringing in Global Capability Centres (GCCs).
These are offices that big companies from other countries can use.
GIFT City is cheaper and has a better quality of life than big cities like Mumbai or Delhi.
They also want to be a big place for trading gold.
Right now, there are many banks and other companies working there, and more are joining every day.
The city started as an idea in 2007-08 and has grown a lot since then.
GIFT City is focusing on Global Capability Centres (GCCs) for its next phase of growth in 2026.
The city offers cost efficiencies of 15-20% compared to other tier-II cities and a better quality of life than tier-I cities.
GIFT City is strengthening its position in bullion trading through the India International Bullion Exchange.
The city has 1,025 registered entities, including 18 foreign banks with a combined book size of $101 billion.
The last quarter saw 105 new registrations, reflecting growing confidence among global financial institutions.
- Who
- Gujarat International Finance Tec-City (GIFT City)
- What
- Expansion with Global Capability Centres (GCCs)
- Where
- Gujarat, India
- When
- Focus for 2026
- Why
- To attract companies looking beyond overcrowded tier-1 metros and drive growth
Key facts
- Location
- Gujarat, India
- Focus for 2026
- Global Capability Centres (GCCs)
- Cost Efficiency
- 15-20% lower than tier-II cities
- Registered Entities
- 1,025
- Foreign Banks
- 18
- Combined Book Size
- New Registrations (Last Quarter)
- 105
- Bullion Trading
- India International Bullion Exchange
Quotes
Rahul Gupta
Chief Business Officer at Ashika Group
“The new Foreign Currency Settlement System enables near real-time settlement of cross-border transactions—reducing settlement from 36–48 hours to under a minute.”
businesstoday.in
“This eliminates dependency on multiple correspondent banks, cuts operational costs and reduces settlement risk. For investors, this translates into faster capital mobility, better liquidity management and enhanced trust in India’s financial infrastructure.”
businesstoday.in
Sources
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