A Fresh Take on GIFT City's GRCTC Attraction
Growing Popularity of Gujarat's GIFT City for Establishing Treasury and Commodity Trading Hubs: Assessed by EY
India's bustling cityscape in Gujarat, GIFT City, is witnessing a surge in popularity for hosting Global or Regional Corporate Treasury and Commodity Trading Centres (GRCTCs). The reason? A mix of plush infrastructure, a business-friendly environment, supportive regulations, and strategic location is making it a hotspot for multinationals.
The Capital of Cutting-edge Infrastructure:
Boasting sleek structures like the iconic GIFT One and Two, this fintech haven is expanding to accommodate more businesses, promising a modern and tech-savvy environment for financial operations.
A Haven for Business:
GIFT City offers a conducive business environment with simplified processes, ensuring a streamlined start and management of financial activities.
Regulatory Boost:
The jurisdiction comes armed with supportive regulations. For instance, tax incentives, eased regulatory processes for stock brokers, and simplified compliances are designed to attract financial institutions. The Securities and Exchange Board of India (SEBI) has recently streamlined the regulatory environment, making it more appealing for financial players to set foot here.
Strategic Location:
GIFT City's location offers proximity to key trading partners and easy access to advanced Treasury and Commodity Trading and Risk Management (CTRM) technology, paving the way for efficient commodity trading and hedging.
Operational Advantages:
The combination of reduced costs, streamlined processes, and technological access positions GIFT City as a competitive base for global finance. Further operations advantages like group-wide transaction netting and cash visibility make it an attractive option for businesses.
All in all, GIFT City's fusion of infrastructure, supportive regulations, strategic location, and operational efficiency makes it a desirable choice for multinationals looking to establish GRCTCs. With the right regulatory support, a thriving infrastructure, and growing industry interest, GIFT City is poised to join the league of established GRCTC hubs, offering multinationals an alluring base for global treasury and commodity trading operations.
Behind the surge in popularity of GIFT City, a key factor is its appeal to multinationals seeking to establish Global or Regional Corporate Treasury and Commodity Trading Centres (GRCTCs). This is owing to its modern infrastructure, facilitative business environment, supportive regulations, and strategic location.
The city's strategic location offers proximity to key trading partners and access to advanced Treasury and Commodity Trading and Risk Management (CTRM) technology, enhancing efficiency in commodity trading and hedging.
GIFT City's Regulatory Boost includes tax incentives, eased regulatory processes for stock brokers, and simplified compliances, all designed to attract financial institutions looking to settle operations in the region. These elements provide operational advantages, such as reduced costs, streamlined processes, and technological access, making GIFT City a competitive base for global finance.
