1. INTRODUCTION
The Gujarat International Finance Tec-City ("GIFT
City") is rapidly emerging as a pivotal hub for global
finance, attracting foreign banks eager to establish a foothold in
India. The International Financial Services Centre at GIFT City
("IFSC") offers a unique blend of regulatory advantages,
tax incentives, and state-of-the-art infrastructure designed to
facilitate international banking operations.
Launched in 2008 and operational since 2015, GIFT City
represents a significant step towards establishing a global
financial hub within the country. Being India's first
operational greenfield smart city and IFSC, GIFT City is designed
to provide world-class infrastructure, and a business-friendly
environment tailored for financial and technology firms. With its
strategic location, integrated development, and business-friendly
environment, GIFT City has been attracting global attention and
investment, positioning itself as a key player in the
