CAM opens new office in Gujarat GIFT City

Cyril Amarchand Mangaldas (CAM) is all set to start a new office in Gujarat International Finance Tec-City (GIFT City). The office has been approved by International Financial Services Centre Authority (IFSC) in Gandhinagar, Gujarat.

CAM aims to assist companies in the GIFT City in navigating through legal and regulatory framework.

The office in the GIFT City will be led by the Managing Partner, Cyril Shroff along with L. Viswanathan, Partner and Chair – Finance, Projects & Insolvency, and Partner & Head of Ahmedabad Practice, Paridhi Adani.

With this, CAM will have six offices in India. In February this year, CAM opened a Representative Office in Singapore.

On the GIFT City office opening, Mr. Cyril Shroff, Managing Partner, Cyril Amarchand Mangaldas said, "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. 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."

In a Press Release, Mr. L. Viswanathan, Partner & Chair – Finance, Projects & Insolvency, Cyril Amarchand Mangaldas said, "I am very excited on the opening of our office in the GIFT City. With ease of doing business and tax incentives offered for companies, it opens up a new marketplace for financial services with global ambition and scale."

Ms. Paridhi Adani, Partner & Head of Ahmedabad Practice added, "We are delighted with our new office in the GIFT City. The decision to have our presence in the GIFT City was a logical step in our growth strategy."

Gujarat International Finance Tec-City (GIFT City) is a business district near Gandhinagar in Gujarat. It is India's first operational greenfield smart city and international financial services centre, promoted by the Government of Gujarat as a greenfield project.