GIFT City stands for Gujarat International Finance Tec-City, India’s first International Financial Services Centre (IFSC). It is located in Gandhinagar, Gujarat, and is a flagship project by the Government of India to bring international financial services back to Indian shores and compete with global hubs like Singapore, Dubai, and London. GIFT City (has become a fast‑emerging hub for angel and early‑stage investment funds, thanks to its favourable regulatory and tax framework under the IFSCA.
Angel fund is a sub-category of Venture Capital Scheme as specified under Part A of Chapter III of, IFSCA (Fund Management) Regulations 2022 (“FME Regulations”) that raises funds from angel investors and invests in accordance with Angel Funds FME Circular. GIFT City offers a regulatory, tax, and structural advantage for angel funds targeting early‑stage startups, especially cross‑border capital. As on March 31, 2025, 16 Venture Capital Schemes (including Angel Schemes) have been registered in GIFT City with 469 investors.
GIFT City gives global investors access to Indian opportunities via a liberal framework. It’s central to India’s aim to become a $5 trillion economy and a global financial powerhouse.
