India's International Financial Services Centre (IFSC) at GIFT City has entered into a partnership with Vietnam International Financial Center-Da Nang (VIFC-DN) to share institutional knowledge and best practices as Vietnam develops its international financial center. According to reports from The Economic Times, the two institutions recently signed a Memorandum of Understanding regarding this collaboration. The partnership will focus on financial services, fintech and digital innovation, capacity building and financial sector development, while exploring opportunities for cross-border investment and stronger business linkages between India and Vietnam.
The two institutions will collaborate on joint research and publications, professional exchanges, conferences, seminars and outreach initiatives, and maintain institutional engagement on areas of mutual interest. As reported by The Economic Times, GIFT City will share lessons and institutional experience from its development journey as VIFC-DN takes shape. The partnership aims to support GCC growth and drive research, innovation, and executive education initiatives. According to GIFT City's press release, this collaboration will cover financial services, fintech and digital innovation, capacity building and financial sector development, while exploring opportunities for cross-border investment and stronger business linkages between India and Vietnam.
Alongside the VIFC-DN partnership, GIFT City signed MoUs with Tata Communications and CEPT University to support GCC growth and drive research, innovation, and executive education. According to The Economic Times, the MoU with Tata Communications will jointly position GIFT City as a preferred destination for GCCs, treasury centres, technology enterprises and other service-oriented businesses. The partnership will cover stakeholder engagement, market intelligence sharing and business development initiatives.
Commenting on the development, Sanjay Kaul, Managing Director and Group CEO, GIFT City, stated that international collaboration is essential to building globally competitive financial centres. As reported by The Economic Times, Kaul emphasized that through their partnership with Vietnam International Financial Center - Da Nang, they will share the knowledge and institutional experience gained from GIFT City's development while exploring new opportunities in financial services, fintech and investment. He believes this collaboration can contribute to stronger financial and business linkages between India and Vietnam. According to GIFT City's press release, Kaul noted that international collaboration is essential to building globally competitive financial centres, and through their partnership with Vietnam International Financial Center - Da Nang, they will share the knowledge and institutional experience gained from GIFT City's development while exploring new opportunities in financial services, fintech and investment.
GIFT City also signed an MoU with CEPT University to collaborate on research, knowledge exchange, executive education, sustainability studies, urban planning and capacity building. According to The Economic Times, this partnership will draw on the university's expertise in architecture, planning, design and urban management. The agreements aim to boost GIFT City's appeal for global businesses and strengthen its position as India's only IFSC developed from the ground up.
GIFT City currently hosts more than 1,500 entities and holds banking assets worth ₹9,200 crore as of March 2026, according to the latest reports. This substantial infrastructure and asset base positions GIFT City as a significant player in India's financial services ecosystem, providing a strong foundation for its international partnerships and knowledge sharing initiatives.
