SAIL, Zydus Apply for Global Treasury Centres at GIFT City: Report
November 11, 2026
Gandhinagar: State-owned Steel Authority of India Ltd (SAIL) and pharmaceutical company Zydus Group have applied to establish global treasury centres at Gujarat International Finance Tec-City (GIFT City), according to a Businessline report.
As per the report, applications filed by SAIL Global IFSC and Zydus Global Treasury Centre IFSC propose setting up Global/Regional Corporate Treasury Centres (GRCTCs) under the GIFT International Financial Services Centre (IFSC) framework.
SAIL Global IFSC is expected to set up an office at Rajyash One, while Zydus Global Treasury Centre IFSC has proposed an office at FlexOne.
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