J Sagar Associates (JSA) is the first law firm to have opened an office at Gujarat International Finance Tec-City (GIFT), which is being promoted like Singapore of India.

Setting up this office would help JSA consolidate their Financial Services Practice, according to the firm release. The office was inaugurated by Sudhir Mankad - Chairman of GIFT IFSC, along with CEO Ajay Pandey.

Several banks, brokers and stock exchanges including the BSE and the National Stock Exchange have set-up their operations in GIFT, which will operate like a tax haven. In fact, both the stock exchanges have already started their operations in GIFT.

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