GIFT City (IFSC) is directly linked to shipping mainly through maritime finance and ship leasing.
Ship Leasing & Financing
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GIFT IFSC allows Indian and foreign companies to lease ships from India
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Competes with Singapore, London, Dubai
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Ships can be:
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Owned by a GIFT IFSC entity
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Leased to Indian or foreign shipping companies
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Transactions done in foreign currency
👉 This reduces India’s dependence on foreign ship leasing hubs.
Tax Advantages for Shipping
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Tax holidays for IFSC units
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No GST on ship leasing (subject to structure)
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Exemptions on certain capital gains
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Competitive corporate tax regime
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