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Adani Arcelor firms move treasury operations to GIFT City aiming to rival Singapore and Dubai
Economy
Published on 5 May 2026
Tax neutral structure could cut dividend remittance costs
Adani, Arcelor and other major companies including Bharti Airtel, Genpact and ZF Friedrichshafen are setting up treasury operations in India’s GIFT City. The tax-neutral finance zone is expected to deliver cheaper funding and lower taxes on dividend remittances. Seventeen corporate treasuries are slated to start within three months as India seeks to compete with Singapore and Dubai for global capital management.
- Major firms are launching treasury operations in GIFT City
- Tax-neutral setup is designed to reduce dividend remittance costs
- Seventeen corporate treasuries could begin in the next three months
- Move targets competition with global hubs like Singapore and Dubai
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times