Gandhinagar: Leading organisations from Austria, Germany, and Switzerland have expressed strong interest in exploring business opportunities in Gujarat International Finance Tec-City (GIFT City), during a high-level roadshow in Austria and Germany led by Sanjay Kaul, Managing Director and Group CEO, last week, an official press release stated.

As per the official statement, the visit marked a significant stride in deepening GIFT City’s global engagement and positioning it as a preferred destination for financial services, Global Capability Centres (GCCs), and R&D-driven innovation. Institutions across both Germany and Austria have expressed keen interest in leveraging GIFT City’s status as an IFSC, its progressive regulatory framework, policy incentives, and skilled workforce to establish Centres of Excellence, Global In-House Centres, R&D facilities, and treasury and risk management functions.

The GIFT City delegation held strategic discussions with senior executives from Infineon Technologies, Siemens Financial Services, Allianz Partners, Munich Re, Mutares SE & Co. KGaA, Knorr-Bremse, and Start2 Group, among others.

“GIFT City is emerging as a strategic hub for global enterprises seeking speed, scale, and regulatory clarity. Our interactions in Germany and Austria reaffirmed the shared commitment to expanding bilateral business linkages and harnessing GIFT City’s ecosystem for high-value operations across finance, technology, and innovation,” said Mr Kaul.

During the visit, Mr Kaul addressed a gathering of over 60 senior German business leaders at a special event hosted by the Consulate General of India in Munich to commemorate 25 years of the India–Germany strategic partnership. The event highlighted the widening scope for industrial and financial collaboration between the two nations. GIFT City presented an advantageous opportunity for German firms to set up and scale up operations in India.

In Austria, the GIFT City delegation participated in the 39th Alpbacher Finanzsymposium — a leading financial conference attended by over 400 senior business leaders, including CFOs, CEOs, and treasurers from major Austrian, German, and Swiss companies. They also met representatives of key trade groups such as the Federation of Austrian Industries, Finance Trainer International, and WU Vienna.

The Ambassador of India to Austria, Mr Shambhu S. Kumaran, in a special address, underscored India’s growing economic footprint and invited Austrian companies to explore business opportunities through the globally connected Asian centre of GIFT City. The Ambassador also highlighted the potential for collaboration in financial services, technology, and sustainable innovation.

The successful roadshow reaffirmed GIFT City’s growing stature as India’s premier international financial and business hub—bridging global markets, fostering cross-border collaboration, and driving the next phase of innovation-led growth, the official statement said. DeshGujarat