Gujarat International Finance Tec-City (GIFT City) is rapidly emerging as India’s answer to global financial hubs like Singapore and Dubai, with investors from over 70 countries committing ₹3.17 lakh crore ($39 billion) and ₹1.81 lakh crore already invested.
The fund management sector has seen remarkable expansion in just three years. The number of Fund Management Entities (FMEs) tripled from 65 in March 2023 to 217 by March 2026, while funds and schemes grew sevenfold from 50 to 360. Actual investments surged 17 times from $1.13 billion in 2023 to $19.66 billion (₹1.88 lakh crore) in 2026.
GIFT IFSC now hosts 9,594 investors from more than 70 jurisdictions, demonstrating strong international confidence in India’s regulatory framework. The International Financial Services Centres Authority (IFSCA) has designed regulations aligned with global standards, making it easier for international investors to establish and manage funds from a single Indian base.
Over 1,500 entities are now operational in GIFT City, employing around 27,000 professionals. Major global players including Google, IBM, Bank of America, HSBC, J.P. Morgan, and Standard Chartered have established their presence. The city is also expanding into technology, Global Capability Centres (GCCs), fintech, aircraft leasing, and bullion trading.
With tax holidays extended to 2030 and improved connectivity through the bullet train and metro projects, GIFT City is positioned to become India’s primary gateway for global capital, challenging traditional hubs like Singapore and Mauritius.
FAQs [Frequently Asked Questions]
Q1: What is fund management in GIFT City?
A: Fund management allows global investors to pool money into dedicated funds managed by registered entities in GIFT IFSC, which then invest in Indian and international markets, including listed/unlisted companies and startups.
Q2: How many countries are investing in GIFT City?
A: Investors from over 70 countries have committed funds in GIFT IFSC, with 9,594 international investors participating as of March 2026, showing strong global confidence.
Q3: What sectors are growing in GIFT City?
A: Beyond finance, GIFT City is expanding into technology, GCCs, fintech, aircraft leasing, ship leasing, bullion, insurance, and capital markets, creating a complete business ecosystem.