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A large part of India's capital needs will be met via Gift City: IFSCA chair
Business Standard
|November 28, 2025
Is this mainly due to cost advantages, or are there other benefits?
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There are five-six key advantages. The first is India’s growth story. The second is the human capital advantage — India’s skilled workforce. Third, the cost of living in and around GIFT City is relatively low.
Fourth, there is a favourable tax policy. Finally, and most importantly, there is a regulatory ecosystem that is simple and inspires confidence among global and domestic players.
What new growth areas are you prioritising for GIFT City?
One major area identified is commodity trading. Most established international financial centres — Hong Kong, Singapore, and London — grew significantly on the back of trading activity.
Is there any concern that GIFT City could be eroding India’s onshore tax collection or leading to tax arbitrage?
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