🎁 GIFT City: India’s International Financial Services Centre (IFSC)
GIFT City (Gujarat International Finance Tec-City) is India’s first operational Smart City and International Financial Services Centre (IFSC). It is strategically developed to compete with global financial hubs like Singapore and Dubai, aiming to bring offshore financial services back to India.
Operating within a Special Economic Zone (SEZ), the GIFT IFSC is treated as a deemed foreign territory under the Foreign Exchange Management Act (FEMA), which provides its unique regulatory and tax framework.
