Tag: IFSC Gift city

After Air India, IndiGo plans to set up shop at IFS Gift City to financially lease aircraft. The company said it aims to invest ₹30 crore.The company said that this company will be set up subject to approvals. “Issuing corporate guarantees of up to $996 million (or an equivalent amount in Indian rupees or any other currency) to secure the payment obligations of the aforesaid wholly-owned subsidiaries.” The company further added that this will be a wholly-owned subsidiary in Gift City, Gujarat, which is being developed as a...