MGI is hosted at India’s premier international financial hub
Earlier this month, MGI India member firms had the pleasure of visiting GIFT City, India’s premier international financial hub for an insightful and engaging day hosted by Shilp Group.
Anuj Sharedalal, partner at member firm CRS Consulting, reports from Gujarat.
India’s first and only International Financial Services Centre (IFSC) is located at Gujarat International Finance Tec-City (GIFT City) in Gandhinagar, Gujarat. It was established to position India as a global financial hub, offering a world-class ecosystem comparable to other global IFSCs such as Dubai, Singapore, and London. Against this backdrop, the visit by MGI India firms provided valuable exposure to the scale and ambition of GIFT City’s rapidly developing financial landscape.
A full and informative day
The day kicked off with warm networking, followed by an inspiring welcome from the Shilp team and a presentation on the Shilp Universe @ GIFT. We were honoured to present MGI Worldwide to our hosts and share about our global network’s presence and purpose.
Key highlights included:
- Presentation on GIFT City’s vision and development by Nisarg Acharya, Head of the Commercial Department at GIFT City
- A deep dive into the IFSC ecosystem, focusing on tax and regulatory frameworks, by Sandip Shah, Head of GIFT IFSC
- Project showcase by Shilp Group, followed by a lively Q&A session
- Valuable networking over lunch amongst members and officials from GIFT City and Shilp Group
After this, the delegation embarked on a guided tour of the world class infrastructure facilities developed by GIFT. GIFT boasts of having created some of the most innovative and sustainable infrastructure in India, such as
- India’s only automated waste management system at a city level, eliminating the need for having any garbage collection trucks
- District air cooling system at a city level, eliminating need of installing air conditioning in buildings.
- India’s only city with an underground utility tunnel that houses infrastructure such as water lines, waste management systems, electricity supply, cooling systems, connected with each and every building in the city, and which eliminates the need to dig roads.
Thank you to the Shilp Group and the GIFT City team for the warm hospitality and the opportunity to explore potential areas of collaboration. The future at GIFT City looks bright, and we are excited to be part of its journey!
This visit reaffirmed MGI members commitment to staying connected with emerging global financial centres and creating meaningful partnerships that support innovation, compliance, and cross-border business opportunities.
Watch a short video of the day's events courtesy of SHILP
MGI Worldwide is a top 20 ranked global accounting network and association with over 8,800 professionals, accountants and tax experts in some 440 locations in almost 100 countries around the world.