India's IFSC Targets Global Capital for GIFT City

The International Financial Services Centres Authority is intensifying efforts to attract global capital to GIFT City as part of a broader strategy to establish India as a global financial hub by 2047. The authority offers a tax-efficient platform for foreign investors, including a 20-year tax holiday followed by a 15% tax rate.

Approximately 230 foreign fund managers and 25 funds have already registered with the center. These managers have raised $45 billion in commitments and invested $23 billion, with $20 billion of that capital directed into India. This institutional growth complements a domestic retail market that has expanded to 139 million investors.

India faces significant funding requirements for long-term development, including an estimated $4 trillion for infrastructure by 2040 and $8 trillion for net-zero programs by 2050. To further integrate with global markets, the Securities and Exchange Board of India has formed a working group to evaluate the possibility of dual listing for companies.