Interest in India’s GIFT City is accelerating, with JPMorgan Chase & Co. saying it is in discussions with more than 100 multinational companies. The conversations are focused on banking and payment offerings that could support corporate treasury needs in the financial hub.
According to the report, companies have approached the bank to explore how they might use GIFT City for treasury-related operations over the next 12 to 18 months. That points to a growing pipeline of potential activity as global businesses assess financial solutions linked to the center.
The development highlights broader momentum for GIFT City as an emerging destination for international finance and cross-border business functions. Increased engagement from multinational firms suggests that companies are looking more closely at the hub for specialized banking, payments and treasury management services.
For JPMorgan, the level of interest signals expanding corporate demand in a market that is drawing attention from large global players. For GIFT City, it adds to signs that the hub is gaining traction as multinationals weigh new ways to manage financial operations in India.
