JPMorgan Chase is in discussions with more than 100 multinational companies about setting up banking and payment arrangements for corporate treasury work in India’s GIFT City. The interest is expected to play out over the next 12 to 18 months, pointing to rising momentum for the financial center.
The talks center on treasury-related services, including banking and payments, as companies look for ways to manage money movement and other financial operations from the hub. The level of outreach suggests that global firms are increasingly evaluating GIFT City as a base for handling parts of their India-linked financial activity.
The development highlights the growing profile of GIFT City in India’s financial landscape. Interest from multinational groups indicates that the center is gaining attention not only as a domestic initiative, but also as a location with appeal for cross-border corporate finance needs.
For JPMorgan, the conversations reflect expanding demand from international clients seeking treasury solutions in India. More broadly, the trend signals that GIFT City is drawing stronger consideration from large companies looking to streamline banking and payment operations in the country.
