GIFT City ties up with ANSR

GIFT City on Thursday said it has collaborated with ANSR to attract companies to set up high-end processing centres related to financial services in India's only operational IFSC.

The two organisations will work together to attract companies to set up Global In-house Centres (GICs) and Global Capability Centres (GCCs) at the Gujarat International Finance Tec-City or GIFT City, according to a statement. A GIC in GIFT IFSC (International Financial Services Centre) can provide support services, directly or indirectly, to entities within its financial services group. The regime at GIFT SEZ provides benefits such as a competitive taxes, ease of doing business, comparatively lower operational costs and state-of-the-art infrastructure.

"The recent regulatory changes and tax incentives have made it an attractive proposition for setting up GICs and GCCs at GIFT City. This will provide an opportunity to utilize the large untapped talent pool with state-of-the-art infrastructure," Tapan Ray, MD and Group CEO, GIFT City, said.

Lalit Ahuja, founder and CEO of ANSR, said: "The partnership with the stakeholders of GIFT City will set the path for an accelerated development of the region as an important location for leading global companies establishing business critical capabilities."

ANSR, a global market leader in the business of designing, establishing and operating GICs, has established over 75 GICs.