India doubles tax holiday for GIFT City businesses to 20 years
A general view of office buildings at the Gujarat International Finance Tec-City (GIFT) at Gandhinagar, India, December 8, 2023.REUTERS/Amit Dave/ MUMBAI, Feb 1 (Reuters) - India's federal budget on Sunday doubled the tax holiday for businesses establishing operations in a low-tax city located in Prime Minister Narendra Modi's home state to 20 years. The tax boost for GIFT City comes as it is attracting increased interest from large global reinsurers. The Indian government is pitching the city as a gateway for global capital flows./ ...
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