IFSCA (Global In-House Centres) Framework
Conditions for a global financial-services group to set up a captive Global In-House Centre (GIC) in GIFT City for group support functions.
What a GIC is
A Global In-House Centre is a captive unit set up by a financial-services or financial-services-related group entity to provide IT, ITeS, KPO, research, analytics, risk-management or other support services exclusively (or predominantly) to its own group entities, rather than to third-party clients — distinct from a licensed financial-service provider.
Registration conditions
A GIC registers with IFSCA (a lighter-touch registration than a licensed financial entity), with conditions on group-only or predominantly-group service delivery, data-security and business-continuity standards, and periodic reporting on headcount/service-line composition.
Why groups use GIFT City for a GIC
GST and income-tax concessions available to a unit in an IFSC/SEZ, combined with proximity to India's talent pool and the group's own IFSC-licensed entities (fund, bank, insurer), make a GIC a natural co-location choice for a global financial group already operating other regulated units in GIFT City.