The Reserve Bank of India has recently expanded the scope of remittances to International Financial Services Centres (IFSCs), permitting Indian residents to open foreign currency accounts in the country’s first IFSC, Gujarat International Finance Tec-City, also known as GIFT City.

Dentons Link Legal has launched a presence in the Gujarat International Finance Tec-City (GIFT City), a tax-free zone for finance and technology companies located in Gandhinagar, as part of its expansion plans in India's fast-growing legal market.