Gujarat International Finance-Tec City in Ahmedabad is emerging as an alternative hub for global corporate treasury operations as geopolitical tensions in West Asia disrupt traditional financial centres. More than 15 global entities are exploring the establishment of treasury bases in India’s first international financial services centre, reflecting a broader shift in how companies manage capital, liquidity and risk amid rising uncertainty.

Traditionally concentrated in cities such as Singapore, Dubai, London and Hong Kong, treasury centres are now considering Gujarat International Finance-Tec City for its regulatory stability, cost efficiency and proximity to high-growth markets. Recent outreach efforts have included engagements with major global investors, banks, insurers and technology firms, as well as senior leadership visits from large renewable energy and investment management groups.

A range of companies across energy, infrastructure, manufacturing, technology, healthcare and mining have either set up or are evaluating treasury operations in the city. The regulatory framework allows transactions in multiple foreign currencies with full capital account convertibility, along with a 20-year income tax holiday, making it an attractive base for cross-border fund flows and centralised financial management.

For Indian companies, the centre offers access to global financial markets without shifting operations overseas, while multinational corporations see it as a stable and efficient regional treasury base. Growing interest is expected to further strengthen the local ecosystem for banking, legal and accounting services.