India's GIFT City is attracting growing attention from multinational companies, with JPMorgan saying more than 100 firms have approached the bank to examine potential operations there. The interest is centered on banking and payment solutions that could support corporate treasury activities.
The development points to rising momentum for GIFT City as a financial hub for global businesses looking at India-linked structures. Companies appear to be assessing how the center can help manage cross-border payments, liquidity and other treasury needs in a more streamlined way.
A key part of the appeal is GIFT City's policy framework. The zone offers tax incentives, operates under a single regulator and supports foreign currency transactions, features that can be especially relevant for multinational groups handling regional or international financial flows.
JPMorgan's comments suggest that interest is broad-based, though still at the exploration stage for many companies. Even so, the number of firms evaluating options highlights how GIFT City is emerging as a notable destination for global corporate finance and treasury planning.
