Cyril Amarchand Mangaldas to launch Gujarat ‘GIFT City’ office
12 May 2021
Cyril Amarchand Mangaldas (CAM) has announced the opening of its new office in Gujarat International Finance Tec-City (GIFT City) at the International Financial Services Centre (IFSC) in Gandhinagar, Gujarat. CAM has already received necessary approvals to open an office from the GIFT City authorities.
GIFT City is fast-emerging as a preferred destination for financial services and IT/ITes companies for setting up their operations in India. With proactive rules, a competitive tax regime and a simple legal system, GIFT City would be able to attract foreign investors and substantial offshore business. CAM aims to assist companies in the GIFT City in navigating through legal and regulatory framework. The office will be led by managing partner Cyril Shroff along with partner and chair of finance, banking and insolvency L. Viswanathan and partner and head of the firm’s Ahmedabad practice, Paridhi Adani.
“We are seeing great potential for the companies setting up their offices at the GIFT City. We are quite excited to be part of this big change,” said Shroff. “Given our experience in financial and IT/ITes sectors, we will be able to assist companies in setting up their operations in the GIFT City and cater to their future legal and regulatory requirements.”
CAM recently announced the opening of its Singapore representative office. With this, CAM will have six offices in India, its representative office in Singapore and an office in IFSC, which, the firm notes, is technically a foreign territory.