GIFT City Shifts Focus to GCCs, Centres of Excellence for Next Growth Phase

• GIFT City, led by MD & Group CEO Sanjay Kaul, is strategically shifting its focus to attract Global Capability Centres (GCCs), Global Innovation Centres (GICs), and Centres of Excellence for its next phase of expansion, moving beyond traditional financial services.
• Interest in GIFT City has significantly increased, with a sharp rise in inquiries following its participation at the World Economic Forum in Davos, indicating concrete plans and commitments from global companies.
• A new wave of interest from GCCs is emerging, closely linked to Gujarat’s manufacturing ecosystem, as companies with existing Indian operations seek to establish global support functions in GIFT City.
• International engagement, bilateral agreements, and announcements like DP World and Abu Dhabi Bank exploring a presence reinforce GIFT City's growing global confidence, which already hosts 37 banks.
• GIFT City aims to scale its workforce from 27,000 to 100,000 by 2030, driven by the expansion of GCCs and allied centres, while also enhancing social infrastructure and talent availability.

Why It Matters: GIFT City is strategically pivoting to attract GCCs and Centres of Excellence, aiming for significant growth by 2030.