Khaitan & Co. Launches Guide to GIFT City in Ahmedabad

Khaitan & Co, a leading full-service law firm, today launched its thought leadership report, Inside GIFT City: Structure, Regulation and Opportunity Building a Robust Offshore Centre Onshore, in Ahmedabad. Launched at a client event, the report reinforces the Firms growing commitment to Gujarat and Indias International Financial Services Centre (IFSC). Khaitan & Co opened its GIFT City office earlier this year, its second office in Gujarat after Ahmedabad. The expansion reflects the Firms increasing engagement with the region, as Gujarat plays an important role across financial services, manufacturing, infrastructure, technology and cross-border investment. The states strong base of established family businesses, alongside a growing generation of entrepreneurs and investors, is also creating increasingly sophisticated requirements around investment structures, succession, governance and family wealth. Haigreve Khaitan, Managing Partner, Khaitan & Co, said: We have been serving clients in Gujarat for over 20 years, and our new offices in Ahmedabad and GIFT City allow us to engage more closely with clients as they participate in the states growth story. Our journey in Gujarat has meant a great deal to the Firm, and I believe the chapter we are writing here is only just beginning. Gujarat has always been a powerhouse of enterprise. The state has consistently been at the forefront of Indias infrastructure development, energy transition, manufacturing expansion and port-led growth. With Ahmedabad set to host the 2030 Commonwealth Games, we expect the regions economic momentum and global profile to grow further. Gujarat is not just participating in Indias growth story; in many sectors, it is leading it. On the report, he added: GIFT City has evolved from an ambitious idea into a functioning and rapidly growing financial ecosystem. Our decision to establish an office there was a considered extension of our full-service capabilities and our commitment to being closer to our clients. The launch of this report takes that commitment forward by bringing together our understanding of the legal and regulatory developments shaping GIFT City and the opportunities they are creating for Indian and global businesses. The report provides a comprehensive overview of GIFT Citys legal, regulatory and tax framework, covering fund management, family investment funds, banking, insurance, global in-house centres, aircraft leasing, overseas investment, bullion operations, securities listings and taxation. It also examines key developments of 202526, including: New fund governance rules, including a bar on scheme fiduciaries also providing administration, valuation, audit or lending services to the same scheme. An IFSCA consultation proposing to recognise leasing of GPUs and data-centre equipment as a financial product. A regulatory framework for special purpose vehicles in aircraft leasing and financing. New regulations prohibiting market abuse in IFSC securities markets. Click here to access the report Inside GIFT City: Structure, Regulation and Opportunity