Stay abreast with the latest developments in the professional domain along with in-depth analysis through the monthly BCA Journal. Get access to an engaging library of researched publications from the BCAS stable.
Learn MoreExplore past issues of BCA Journal & indulge in a treasure trove of high-quality professional content across format of print, videos & learning events from the BCAS stable.
Learn More
1. INTRODUCTION
The establishment of the International Financial Services Centre (IFSC) at Gujarat International Finance Tec-City (GIFT City) is conceived as a globally benchmarked financial jurisdiction within India’s sovereign territory. The IFSC provides an operational, regulatory, and tax framework in line with other leading financial centres. It represents India’s effort to bring offshore financial activities onshore, thereby reversing decades of capital outflow through fund domiciliation in foreign jurisdictions.
Within this rapidly evolving ecosystem, the Alternative Investment Fund (AIF) segment has emerged as one of the most dynamic pillars of the IFSC’s growth trajectory. Globally, AIFs comprising private equity, venture capital, hedge, infrastructure, and debt funds have become key channels of long-term, risk-capital deployment across sectors and geographies. India’s onshore AIF industry, regulated by SEBI, has already demonstrated exponential growth, crossing significant milestones as a privately placed investment vehicle. The establishment of AIFs within GIFT City’s IFSC builds upon this domestic success, extending it into the international domain. These funds provide a platform for global investors, sovereign wealth funds, pension funds, family offices, and high-net-worth individuals to access India-focused and global investment op
