HSBC MD: GIFT City Soars, Now Home to Over 1,200 Financial Players
Sandeep Batra, Managing Director of HSBC India, stated that GIFT City is rapidly growing into a global investment hub. HSBC received its IFSC licence about 4-5 years ago and now over 1,200 players operate there. GIFT City offers multiple-currency accounts and access to various financial instruments for NRIs and residents. Social infrastructure like hotels and alcohol are also available, making it attractive for professionals.
22 AUG 2026
— NDTV
Edelweiss Mutual Fund launched two products from GIFT City, India's first operational smart city, signaling its potential as a significant financial hub.
23 AUG 2026
— NDTV
The International Financial Services Centres Authority (IFSCA) chairman highlights GIFT City's success in attracting foreign investment and its ambition to become a major international financial hub.
— NDTV
GIFT City CEO Sanjay Kaul reports a significant increase in registrations since its inception, driven by regulatory changes and a focus on attracting skilled talent.
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