Developments and Opportunities at GIFT City

Episode Duration:
90 minutes

Episode Background:
The Indian Government established India’s first offshore/International Financial Services Centre (IFSC), in the GIFT City at Gandhinagar, Gujarat. The IFSC in GIFT City provides several benefits and incentives which, inter alia includes: state-of-the-art infrastructure at par with other leading global financial centres, end to end financial services ecosystem, conducive regulatory environment and a liberal tax regime.

The IFSC Authority (IFSCA) was also established to act as a unified regulator for financial institutions providing financial services from the IFSC in India. With the effective constitution of the IFSCA, several regulations are issued by the IFSCA to attract financial services entities to set-up presence in the IFSC. 

What shall the episode cover?
Against this backdrop, Taxsutra in association with EY India is delighted to present to you an episode on "Developments and Opportunities at GIFT City”.  In this episode, subject matter experts from EY India – Mr. Keyur Shah [Leader, Financial Services - Tax and Regulatory], Mr. Jaiman Patel [Partner, Financial Services - Tax and Regulatory], Mr. Tejas Desai [Partner, Financial Services - Tax and Regulatory], together with Mr. Dipesh Shah [ED (Development) IFSCA, GIFT City] have deliberated on the below aspects: 
 

Key Highlights:

• Overview of the ecosystem in IFSC/Gift City
• Decoding the tax and regulatory aspects of set-up of financial services entities in GIFT City
• Opportunities in several segments for financial services players
• Considerations for Banking Units, Insurance/ Reinsurance players, Capital market players, Global In-house centres, etc.
• Overview of set-up process in IFSC