The financial year of 2022-23 has certainly been eventful for the Gujarat International Finance Tec City (GIFT City), located in Gandhinagar, Gujarat. GIFT City has been making notable strides in its journey toward becoming an established financial gateway for international trade, and it has been doing so at an incredibly unprecedented pace. It is evident that GIFT City is well on its way to becoming a significant financial hub, which will undoubtedly fuel the growth and development of the surrounding areas as well.

In the fiscal year of 2023, a notable number of companies, approximately 140 in total, have opted to register at the International Financial Services Center (IFSC). This decision includes major financial institutions such as Google, MUFG Bank, SVB, BNP Paribas, Deutsche Bank, and JP Morgan. The IFSC is situated within the GIFT City, which is currently undergoing significant construction, with over one crore sq. ft. of commercial spaces being built.

This development is set to considerably enhance the region's commercial spaces, creating many opportunities and benefits for existing and upcoming businesses. The IFSC's strategic location and world-class facilities are rapidly becoming a preferred destination for companies looking to establish a strong presence in the financial sector.

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