GIFT City IFSC tops $100B as fund commitments surge
GIFT City in India is on a serious growth streak: its International Financial Services Centre (IFSC) just topped $100 billion in banking assets, and fund commitments have jumped nearly 60 times since 2020.
With more than 1,034 registered entities, including 38 banks and 229 registered funds, all run by 162 fund management entities, law firms like Khaitan & Co., SNG & Partners, and Trilegal are moving in to keep up with the action.
Law firms target fintech and funds
Law firms here are running with small, focused teams to tackle hot areas like investment funds, fintech, insurance, and aircraft leasing.
Big names such as Cyril Amarchand Mangaldas and Economic Laws Practice are already active.
As GIFT City aims to rival global financial hubs like Singapore, these firms are also eyeing new opportunities: from AI infrastructure to climate finance and digital assets.