The International Financial Services Centres Authority (IFSCA) on November 06, 2026, issued a circular regarding leasing of GPUs and connected data centre equipment as a financial product in GIFT IFSC.
The following has been stated: -
•The International Financial Services Centres Authority (IFSCA) has notified Graphics Processing Units (GPUs) and connected data centre equipment as specified equipment, recognising their operating lease, including hybrid operating and financial leases, as a financial product in GIFT IFSC.
•Notification No. IFSCA/GN/2026/017 dated October 22, 2026, has been issued under Section 12 of the IFSCA Act, 2019, read with Government Notification No. S.O. 5199(E) dated December 14, 2021, and came into effect on October 29, 2026.
•The coverage includes General Purpose GPUs (GPGPUs), AI accelerators, TPUs, NPUs, rack-scale AI systems and directly associated servers, storage, networking, interconnect and power equipment, including their parts and accessories.
•The initiative aims to facilitate access to advanced computing infrastructure without substantial upfront investment, attract leasing activities to GIFT IFSC and support India's AI ecosystem.
•IFSCA will issue a separate framework prescribing the rules for leasing activities by finance companies in IFSC.
