SMBC Approved for GIFT City Branch in Gandhinagar - Japan's Sumitomo Mitsubishi Banking Corp. (SMBC) has secured approval to establish a branch in the Gujarat International Finance Tec-City.
Sumitomo Mitsubishi Banking Corp. (SMBC) has been granted approval to establish a branch in GIFT City, Gandhinagar. This move aims to streamline Japanese investments into India by reducing regulatory barriers. GIFT City operates within a special economic zone, encouraging exports and foreign investments, especially from multinational corporations.
SMBC opens branch in GIFT City, easing Japanese investments. Special zone provides tax benefits for offshore borrowing. India s first smart city, GIFT City, caters to diverse client needs with international and domestic banks.