Indian lawmakers are considering a proposal that would allow overseas companies to shift their legal registration to GIFT City, India’s international financial services centre. The idea is aimed at making the hub more attractive to global businesses and strengthening India’s position in international finance.
If adopted, the move could give foreign firms a new route to establish themselves within India’s flagship financial zone without starting from scratch. Supporters see it as a way to improve GIFT City’s competitiveness against other financial centres that already offer clearer pathways for companies looking to relocate their base.
The proposal may be especially relevant for crypto-related businesses and other firms seeking more predictable regulation. The trimmed report suggests that regulatory clarity will be a major factor in whether companies view GIFT City as a practical destination for redomiciling.
While the plan could raise GIFT City’s global profile, its impact will likely depend on how the rules are written and implemented. For foreign companies, the key questions will be around compliance, legal certainty and whether India can offer a stable framework that matches the ambition behind the proposal.
