MUMBAI: Commerce minister Piyush Goyal has urged fintechs to look at setting up shop in Gujarat’s GIFT City because of the tax breaks offered in the International Financial Services Centre.
Speaking at the Global Fintech Fest here on Friday, Goyal said, “The GIFT city offers tremendous opportunity to your sector. Financial tax benefits have been extended up to March 2025.I would urge as many of you who are looking at GIFT City to look much more deeply at the opportunities that it presents to all of you.”
Gujarat International Finance Tec-City is the only IFSC in the country, which is a form of an export-oriented unit for financial services. Both govt and the financial regulator have been urging fintechs to look at cross-border opportunities. Earlier in the day, PM Narendra Modi had said that the fintech sector could improve ease of living and provide dignity at a global level.
Speaking at the Global Fintech Fest here on Friday, Goyal said, “The GIFT city offers tremendous opportunity to your sector. Financial tax benefits have been extended up to March 2025.I would urge as many of you who are looking at GIFT City to look much more deeply at the opportunities that it presents to all of you.”
Gujarat International Finance Tec-City is the only IFSC in the country, which is a form of an export-oriented unit for financial services. Both govt and the financial regulator have been urging fintechs to look at cross-border opportunities. Earlier in the day, PM Narendra Modi had said that the fintech sector could improve ease of living and provide dignity at a global level.