At the heart of GIFT City is the International Financial Services Centre – IFSC, the first of its kind in India.
The Gujarat Maritime Cluster is located within the GIFT City. Built from ground up, GIFT represents India’s biggest and finest business ecosystem. It offers businessmen a hi-tech space with all imaginable amenities and policies expected from a special economic zone.
The GIFT IFSC represents the epitome of India’s growing economic influence in the world. It exemplifies the emerging economic clout of India with the best infrastructure, tax benefits & policies and modern lifestyle. Operational since 2015, the IFSC is designed to be at or above par with globally benchmarked financial centres such as Shanghai, La Défense Paris, London Dockyards, Hong Kong, Singapore, Dubai etc.
"The concept of IFSC is simple but powerful. It aims to provide on-shore talent with an offshore technological and regulatory framework. This is to enable Indian firms to compete on an equal footing with offshore financial centres."
As part of the IFSC, GMC offers taxation at par with competing jurisdictions for a level playing field. This includes tax incentives and exemptions that enable every maritime business the opportunity to reap the maximum returns on their investment. To stay competitive in the offshore environment, companies will need to look for both a competitive regulatory framework and high quality specialised resources that are dedicated to the sector.