Indian real estate and business market has encountered a constant rise since the past decade. And Gujarat’s GIFT City has given the rise a significant boost. GIFT City, Gujarat International Financial Tec-City stands tall as a symbol of India's aspirations to become a global financial and technological powerhouse. Established with the vision of creating a world-class business ecosystem. GIFT City is not just a physical location but a manifestation of India's commitment to fostering entrepreneurship and driving economic growth. GIFT City, which is spread over the vast area of 886 acres on the banks of river Sabarmati and is designed to compete with premium internation financial zones like London Dockyards, La Defense, Lujiazui, Shinjuku, etc. The city is developed to serve as the centre of foreign trade, business and global banking. Additionally, the development of India’s first smart city, GIFT City has become an important element in attracting foreign investment in India and boosting employment opportunities too. Hence, GIFT City significantly has boosted Indian GDP and helped India to become a key player in the international financial sector.
Recommended Read - GIFT City is Shaping the Future of Real Estate in India
Why GIFT City can be a Smart Choice for Startups?
As a startup, you do not need to covert your funds into INR, which means that you can keep the original amount in USD, Yen, Euro, etc. without converting them into INR and can prevent the concersion charges along with mainting your fund value.
In case any discrepancies you are allowed to reclaim your funds and transfer them back to your home country, providing you with the flexibility to manage your money in a way that best suits your needs.
You can also earn a yield of up to 5.4% on Term Deposits.
There are no tax or filing obligations for startups in GIFT City.
As GIFT City is an IFSC, it acts as an International Bank and is also regulated by the four elements of IFSCA, which are RBI, SEBI, IRDAI, and PFRDA.
Also Read - Real Estate Investment in GIFT City
What Benefits will Businesses Enjoy at GIFT City? 1. Potential of yielding high returns
As mentioned earlier, GIFT City has established itself as a highly sought-after destination for foreign investors. With its state-of-the-art infrastructure, cutting-edge technology, and favorable policies, the city provides a conducive environment for businesses to grow and thrive.
In addition, the smart city offers a diverse range of job opportunities, making it an ideal place for professionals to work and build their careers. Overall, GIFT City is a promising location that offers immense potential for economic and wealth growth. 2. Strategic location
GIFT City, located in the western state of Gujarat, India, is a state-of-the-art financial and technology hub offering many strategic business advantages. Its proximity to critical domestic and international markets makes it an ideal location for companies looking to establish a solid regional presence.
The city boasts world-class infrastructure, cutting-edge technology, and a business-friendly environment, making it a top destination for investment and growth. 3. Benefits of being a SEZ
GIFT City is a unique SEZ that offers an exceptional investment landscape for businesses. The city enjoys a range of special regulatory and taxation privileges, making it an attractive destination for investors.
These privileges give businesses the advantage of operating in a favorable economic environment that fosters growth and development. With its exceptional features, GIFT City is a prime destination for investors looking to expand their horizons and explore new opportunities.
4. State-of-art-infrastructure
GIFT City boasts of top-notch infrastructure and world-class amenities, designed to cater to the needs of businesses looking to expand their international trade operations.
Its state-of-the-art commercial and office spaces provide a conducive environment for companies to thrive and grow their global footprint. Whether you're a multinational corporation or a startup, GIFT City is the perfect destination to establish your business and tap into new markets.
5. Business-friendly Policies
The state of Gujarat boasts of a highly conducive pro-business ecosystem that is further fortified by its investor-friendly policies. These factors work in tandem to bolster the competitiveness and accessibility of the Gujarat International Finance Tec-City (GIFT City) and make it an ideal destination for businesses to set up shop. 6. Robust connectivity
GIFT City, located in Gujarat, India, boasts strategic connectivity to major cities such as Ahmedabad, Gandhinagar, Surat, and Mumbai. This well-planned city with world-class infrastructure and amenities offers a prime location for businesses looking to expand their operations in India. With excellent transportation links and a thriving business ecosystem, GIFT City is an attractive choice for companies seeking to establish a strong presence in the region. 7. An IFSC Status
GIFT City has been designated as an International Financial Services Centre (IFSC). This unique status gives GIFT City various regulatory and taxation privileges that are not available to other financial centers in India. These privileges make GIFT City an attractive destination for both domestic and international financial institutions. 8. Endless job opportunities
Apart from providing ample investment opportunities, GIFT City also serves as a thriving hub for employment, creating a wholesome ecosystem for the development and expansion of businesses.
Bottom Line
In conclusion, GIFT City stands as a testament to India's ambition to emerge as a global economic powerhouse. With its strategic location, world-class infrastructure, SEZ status, and supportive ecosystem, the city is well-positioned to catalyze growth and innovation across various sectors.
As India embarks on its journey towards economic transformation, GIFT City is poised to play a pivotal role in shaping the future of entrepreneurship in the country. For Indian entrepreneurs looking to make their mark on the global stage, GIFT City is undoubtedly the place to be. If you are on hunt for a prime property in GIFT City, contact RES Management and get the best real estate consultation from the experienced real estate consultants.
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