Citizen HelpLine No.:1800 120 1300 Skip to main content Skip to main content
Connect With Us -

Areas of Business

Banking

  • Pursuant to the Reserve Bank of India Notification No. FEMA.339/2015-RB dated March 02, 2015 under FEMA 1999 on Foreign Exchange Management (International Financial Services Centre) Regulations, 2015 setting out RBI regulations relating to financial institutions set up in International Financial Services Centres (IFSC), RBI has formulated a scheme for the setting up of IFSC Banking Units (IBUs) by Indian banks and foreign banks already having presence in India.

Capital Markets

  • Securities and Exchange Board of India has issued the guidelines to facilitate and regulate financial services relating to securities market in an International Financial Services Centre set up under Section 18(1) of Special Economic Zones Act, 2005. This Guidelines may be called as Securities and Exchange Board of India (International Financial Services Centres) Guidelines, 2015.

Insurance

  • The IRDAI had issued the Insurance Regulatory and Development Authority of India (International Financial Service Centre) Guidelines, 2015 in April 2015 (“Old Guidelines”) to permit the following category of participants to set-up offices in the IFSC.

IT & ITes

  • The GOG Under the IT/ITes policy 2016-2021 provide various incentives to IT/ITes firms operating out of GIFT SEZ. The incentives would help entities to reduce the operating cost significantly.

  • The entities would require the approval of development commissioner of the SEZ zone. The process for the application is mentioned at setting up tab. (redirect the user to setting up in new tab.)

Other Services Business

  • The entities having export business of the following services can set up unit at GIFT SEZ.

    • Trading

    • Warehousing

    • Research and development services