GIFT City/GIFT SEZ Technology & GIC Zone

GIFT SEZ Technology & GIC Zone

GIFT SEZ Technology & GIC Zone, a key commercial destination in GIFT City

The GIFT SEZ Technology Zone is the services export and technology layer of the GIFT City SEZ, the part of the 261-acre Special Economic Zone designed for IT/ITeS companies, Global In-House Centres (GICs) of financial services groups, fintech firms, and technology companies serving international clients. Unlike the IFSC's pure financial services focus, the Technology Zone within the SEZ is open to any service company maintaining a net positive foreign currency inflow, making it the ideal address for global technology delivery centres and GICs that want both SEZ export benefits and physical p

Grade A IT Parks / SEZ Campus LeaseManaged OfficesCoworking SpacesSEZ / Tax IncentivesGrade A & ESG Assets
Zone TypeSEZ (Non-IFSC portion), Services Export Zone for IT/ITeS, GICs
SEZ Vacancy~1.46% (JLL India, 2024), among the tightest Grade A vacancies in India
Annual Net Absorption0.5 million sq ft (SEZ zone, 2024)
Metro AccessGIFT City Station (Violet Line), directly within the SEZ perimeter
AirportSardar Vallabhbhai Patel International Airport, ~12 km
SectorDescription of Presence
Zone TypeSEZ (Non-IFSC portion), Services Export Zone for IT/ITeS, GICs
SEZ Vacancy~1.46% (JLL India, 2024), among the tightest Grade A vacancies in India
Annual Net Absorption0.5 million sq ft (SEZ zone, 2024)
Metro AccessGIFT City Station (Violet Line), directly within the SEZ perimeter
AirportSardar Vallabhbhai Patel International Airport, ~12 km
SectorDescription of Presence

Key Employers

Tata Consultancy ServicesInfosysWipro

Space Types Available

SEZ

Grade A IT Parks / SEZ Campus Lease

Managed Office

Managed Offices

Co-working

Coworking Spaces

SEZ

SEZ / Tax Incentives

Grade A

Grade A & ESG Assets

Commute & Connectivity

MetroRail / SuburbanAirport
ConnectionDetailsDistance
MetricDetail
Zone TypeSEZ (Non-IFSC portion), Services Export Zone for IT/ITeS, GICs
GIC FrameworkIFSCA (Global In-House Centres) Regulations 2025, updated framework enabling multiple operating models
Key TenantsTCS, Infosys, Wipro, HCL Technologies, Cognizant, Capgemini, Bank of America GIC, JP Morgan GIC, Morgan Stanley GIC
SEZ Vacancy~1.46% (JLL India, 2024), among the tightest Grade A vacancies in India
Annual Net Absorption0.5 million sq ft (SEZ zone, 2024)
Metro AccessGIFT City Station (Violet Line), directly within the SEZ perimeter
AirportSardar Vallabhbhai Patel International Airport, ~12 km
SectorDescription of Presence
IT Services & ConsultingTCS, Infosys, Wipro, Capgemini, Cognizant, HCL, major BFSI-focused delivery centres using GIFT City's dual IT/financial services positioning
Global Capability Centres (GICs)IFSCA (Global In-House Centres) Regulations 2025 (effective December 29, 2025) enable financial services GICs with foreign currency operations and IFSC tax benefits; key changes: removed 20% cap on relocated employees; expanded definition of "Financial Institution Groups" to include more third-party providers; co-delivery models permitted; fastest-growing occupier segment
FinTech35 registered fintech entities; IFSCA Sandbox enables testing of AI trading, digital banking, blockchain, and payment infrastructure
Engineering & Energy TechTechnip Energies' fourth Indian operating centre (GIFT City, February 2025, ~300 employees) signals the city's appeal beyond pure finance, global engineering companies serving energy clients from an export-friendly IFSC jurisdiction
AI & Deep TechIFSCA AI Centre of Excellence; IIT Gandhinagar and PDPU talent pipeline driving AI adoption across GIFT City's financial and technology companies

Market Context

  • Nearest Metro Station
  • Nearest Railway Station
  • Major Highway / Expressway
  • Key Feeder Roads

Companies in this Market

Nearest Metro Station

GNLURed Line interchange at Motera

Nearest Mall / Amenity Hub

GIFT City internal: food courtsdiningclub facilitiesCourtyard by Marriott

Bus / GSRTC

NarodaGandhinagar sectorsconnecting to GIFT East GateGIFT Tower 1SEZ Gate

Inter-city Road

exchanges

IT Services & Consulting

Tata Consultancy Services (GIFT Tower 2floors 8/10/11/12)Infosys (PRAGYA-2floors 14-17; TechFin Hub inaugurated June 2025)Wipro (TechFin Hub)HCL TechnologiesCapgeminiCognizant

Global Capability Centres (GICs)

Bank of America GICJP Morgan GIC

Engineering & Industry

Technip Energies (FintechOne Toweroperational February 14

Product & SaaS / FinTech

35 fintech entities registered at GIFT IFSC; AIblockchainand digital payments companies in the regulatory sandbox

Grade A IT Parks / SEZ (Campus Lease)

PRAGYA-2 (Savvy Group), 20 floorsinaugurated February 14

SEZ / Tax Incentives

0% GST0% customs dutystamp duty concessions

Talent Pipeline

MBA

Grade A & ESG Assets

dual-grid powerAWCS

Sectors with Significant Presence

Metric

Detail

Zone Type

SEZ (Non-IFSC portion), Services Export Zone for IT/ITeS, GICs

GIC Framework

IFSCA (Global In-House Centres) Regulations 2025, updated framework enabling multiple operating models

Key Tenants

TCS, Infosys, Wipro, HCL Technologies, Cognizant, Capgemini, Bank of America GIC, JP Morgan GIC, Morgan Stanley GIC

SEZ Vacancy

~1.46% (JLL India, 2024), among the tightest Grade A vacancies in India

Annual Net Absorption

0.5 million sq ft (SEZ zone, 2024)

Metro Access

GIFT City Station (Violet Line), directly within the SEZ perimeter

Airport

Sardar Vallabhbhai Patel International Airport, ~12 km

IT Services & Consulting

TCS, Infosys, Wipro, Capgemini, Cognizant, HCL, major BFSI-focused delivery centres using GIFT City's dual IT/financial services positioning

Global Capability Centres (GICs)

IFSCA (Global In-House Centres) Regulations 2025 (effective December 29, 2025) enable financial services GICs with foreign currency operations and IFSC tax benefits; key changes: removed 20% cap on relocated employees; expanded definition of "Financial Institution Groups" to include more third-party providers; co-delivery models permitted; fastest-growing occupier segment

FinTech

35 registered fintech entities; IFSCA Sandbox enables testing of AI trading, digital banking, blockchain, and payment infrastructure

Engineering & Energy Tech

Technip Energies' fourth Indian operating centre (GIFT City, February 2025, ~300 employees) signals the city's appeal beyond pure finance, global engineering companies serving energy clients from an export-friendly IFSC jurisdiction

AI & Deep Tech

IFSCA AI Centre of Excellence; IIT Gandhinagar and PDPU talent pipeline driving AI adoption across GIFT City's financial and technology companies

Infrastructure & Business Environment

Nearest Metro Station

  • GIFT City Station (Violet Line), operational; directly within the SEZ perimeter; connects to PDPU, GNLU, Red Line interchange at Motera, and full Ahmedabad metro network

Nearest Railway Station

  • Gandhinagar Capital Station, ~15 km, Sabarmati Junction, ~22 km

Airport

  • Sardar Vallabhbhai Patel International Airport, ~12 km

Major Highway / Expressway

  • NH-147B (Ahmedabad-Gandhinagar Expressway), direct entry; 0 km, SH-71 (Ahmedabad-Gandhinagar Highway), runs along the western boundary of GIFT City

Key Feeder Roads

  • GIFT City's 6-lane internal boulevard system connects all towers; walk-to-work design means no internal commuting required, GSRTC bus route from Paldi/Naroda/Narendra Modi Staidum connects to GIFT East Gate and GIFT Tower 1

Nearest Mall / Amenity Hub

  • GIFT City internal: food courts, dining, club facilities, Courtyard by Marriott, Alpha One Mall (Ahmedabad), ~18 km via Ahmedabad-Gandhinagar Highway

Bus / GSRTC

  • GSRTC electric buses, multiple routes from Ahmedabad (Paldi, Naroda, Sarkhej-ISKCON end), Gandhinagar sectors, connecting to GIFT East Gate, GIFT Tower 1, SEZ Gate, and Pragya Tower, GIFT GO Bus (internal feeder + city connector)

Inter-city Road

  • Gandhinagar Secretariat, ~8 km, Ahmedabad city centre, ~30 km The GIFT SEZ Technology Zone's commercial proposition is built on a unique intersection: the only place in India where an IT company or GIC can operate as an export unit (with SEZ benefits) in physical proximity to India's largest concentration of global bank headquarters, exchanges, and institutional fund managers. This creates a structural advantage that no other Indian tech park can replicate. GIC Ecosystem: IFSCA's Global In-House Centre Regulations (effective December 29, 2025, replacing the 2020 framework) allow financial services groups to set up GICs in GIFT IFSC to provide support services to their offshore group entities. Key changes in the updated regulations: the 20% cap on relocated employees has been removed, the definition of "Financial Institution Groups" has been expanded to allow more third-party service providers, and co-delivery models are now permitted. These GICs operate in foreign currency, enjoy the IFSC tax holiday, and are treated as non-resident entities. The updated framework significantly broadens the addressable market for technology companies setting up here. TechFin Framework: The IFSCA FinTech Regulatory Sandbox and the government-designated TechFin Framework allow IT companies to provide integrated technology and financial services from a single GIFT City entity. Infosys and Wipro have both established TechFin hubs under this framework (September 2024). Infosys' Development Centre in Pragya-2 (inaugurated June 2025) specifically targets BFSI digital transformation, digital banking, trade finance, capital markets, and risk/compliance management. Lowest vacancy in India: JLL India reports SEZ zone vacancy at 1.46% with annual net absorption of 0.5 million sq ft in 2024, figures that reflect structural demand rather than cyclical leasing activity. As global banks expand IFSC operations, their GICs and technology partners follow, creating a compounding demand loop. Phase 2 expansion: Around 30% of GIFT City is currently operational. The remaining 70% represents a planned commercial supply pipeline, new towers and office buildings are expected to come to market through 2027–2030, with Gujarat's GCC Policy 2025–30 providing the demand-side stimulus (250 new GCCs, 50,000 jobs, ₹10,000 crore investment target).

IT Services & Consulting

Tata Consultancy Services (GIFT Tower 2, floors 8/10/11/12), Infosys (PRAGYA-2, floors 14-17; TechFin Hub inaugurated June 2025), Wipro (TechFin Hub), HCL Technologies, Capgemini, Cognizant

Global Capability Centres (GICs)

Bank of America GIC, JP Morgan GIC, Morgan Stanley GIC (technology and analytics support centres for their respective IFSC banking units), multiple financial services GICs under IFSCA GIC Regulations

Engineering & Industry

Technip Energies (FintechOne Tower, operational February 14, 2025, inaugurated as the company's fourth Indian operating centre; ~300 employees planned)

Product & SaaS / FinTech

35 fintech entities registered at GIFT IFSC; AI, blockchain, and digital payments companies in the regulatory sandbox

Grade A IT Parks / SEZ (Campus Lease)

  • GIFT Tower 2, TCS anchor; 8th–12th floor campus; premium address in the SEZ processing area, PRAGYA-2 (Savvy Group), 20 floors, 5.75 lakh sq ft; Infosys TechFin Hub on floors 14-17; designed by ATS+Savvy Group; IFSC SEZ zone; India's first district cooling; immediate possession, FintechOne Tower, purpose-built for fintech/technology; Technip Energies anchor (fourth Indian operating centre, inaugurated February 14, 2025); designed for export-oriented technology companies in the IFSC ecosystem, Hiranandani GIFT City (SEZ), Hiranandani Group development within the SEZ; large campus planned for technology and GIC tenants

Managed Offices

  • Pragya Accelerator 2, managed workspace within the Pragya complex; startup and SME-targeted; flexible furnished configurations for IFSC units; immediate occupancy

Coworking Spaces

  • GIFT City Technology Hub Coworking, managed flex desks within the SEZ towers for GIC-testing teams and fintech startups entering the IFSC ecosystem, IFSCA-approved workspace providers offering regulatory-compliant IFSC unit hosting for companies not yet ready for standalone registration

SEZ / Tax Incentives

Same as GIFT IFSC: 100% corporate income tax exemption for 10 out of 15 years, 0% GST, 0% customs duty, 0% STT/CTT, applicable to all IFSC-registered SEZ units including GICs and IT/ITeS companies with net positive foreign currency inflow. Gujarat GCC Policy 2025–30: additional state-level incentives for GCCs including capital expenditure support (25% of capex up to ₹500 million for IT City/data centre/R&D uses), stamp duty concessions, and talent development subsidies.

Talent Pipeline

  • PDPU (Pandit Deendayal Energy University), ~2 km; GIFT City metro station adjacent; engineering, MBA, and energy programs, GNLU (Gujarat National Law University), ~3 km; metro adjacent; compliance and legal talent critical for IFSC operations, DAIICT, ~5 km; IT and communication technology programs, IIT Gandhinagar, ~8 km; deep-tech research; AI and semiconductor expertise, Queen's University Belfast India Campus (GIFT City), specialized Tech-Academic hub; postgraduate M.Sc. in Financial Analytics and Business Analytics; first Russell Group institution in GIFT City; analytical and fintech talent pipeline for IFSC units

Grade A & ESG Assets

GIFT City holds IGBC Platinum Green Cities rating. All SEZ commercial towers are built to international Grade A standards with district cooling, dual-grid power, AWCS, and Tier IV data centre access. PRAGYA-2 equipped with India's first district cooling system in a commercial building.

Power & Connectivity

Dual-grid power with 99.9% guaranteed uptime. Ring-architecture fibre. Tier IV data centre. 24x7 operations standard for SEZ units.