Why Gujarat, Dry State Since 1960, Will Allow Liquor In New Financial Hub
NDTV
The decision to ease liquor restrictions within GIFT is part of the government's strategy to shape it into a new-age financial services and technology nerve center.
In a significant move, the Gujarat government has allowed the consumption of liquor in the Gujarat International Finance Tec-City (GIFT), India's first financial services centre being built in Gandhinagar. The exemption is the first in Gujarat, which has been a dry state since its birth in 1960.
GIFT, known for being a tax-neutral financial center, is now set to compete with international hubs like Singapore by providing fiscal incentives and a more flexible regulatory environment.
The decision to ease liquor restrictions within GIFT is part of the government's strategy to shape it into a new-age financial services and technology nerve center. The city is evolving into a hub that goes beyond conventional financial services, embracing innovation and sustainability in its vision for the future.
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