JPMorgan Chase & Co. plans to double its business at Gujarat's GIFT City over the next couple of years, as the Wall Street bank expands its operations in trade finance, foreign exchange, liquidity and payments. The bank's GIFT City business currently has a book of close to $1 billion and serves a few hundred clients, according to people familiar with the matter and Max Neukirchen, global co-head of payments at JPMorgan.
“We’ve been there for four years now and have a few hundred clients there, with the business growing substantially,” Neukirchen told Bloomberg TV.
