GIFT City (Gujarat International Finance Tec-City) is a planned business district and India’s first greenfield smart city and international financial services centre (IFSC), located near Gandhinagar and Ahmedabad in the state of Gujarat.

GIFT City was conceived to elevate India’s position in the global financial-services ecosystem by offering a world-class hub for cross-border trade, banking, asset-management and capital-market activity.

GIFT City is divided into two zones:
1) Domestic Tariff Area (DTA): Meant for domestic companies and is subject to Indian laws and regulations. Companies operating within this zone can cater to the domestic market and benefit from various tax incentives offered by the Indian government.

2) Special Economic Zone (SEZ): Meant for international companies and is designed to promote exports and foreign investments. Companies operating within this zone enjoy a range of incentives, including tax exemptions, duty-free imports and exports, and simplified regulatory procedures.