Estimated reading time: 3 minutes
Gujarat: The Gujarat government’s recent announcement brings about a pivotal change in the regulatory landscape by allowing the sale and consumption of liquor in the Gujarat International Finance Tec-City (GIFT City). Traditionally known as a ‘dry state,’ Gujarat has taken this step to enhance the appeal of GIFT City as a global financial and technological hub.
GIFT City’s Evolution as a Global Hub: Rationale Behind the Decision
GIFT City has grown into a vibrant center of economic activities, drawing attention from international investors and companies. In a bid to align with global standards and provide a comprehensive business ecosystem, the state prohibition department declared the decision to lift the liquor ban in GIFT City. The move is expected to contribute to the city’s emergence as a prominent global financial and technological hub.
New Rules for Hospitality Establishments: “Wine and Dine” Facilities
Under the revised regulations, hotels, restaurants, and clubs within GIFT City will now be eligible for permits to offer “wine and dine” facilities. This change is aimed at catering to the diverse needs of the city’s occupants, including global investors, technical experts, and professionals associated with national and international companies.
Varied Reactions to the Decision: From Sarcasm to Support
The decision to lift the liquor ban has elicited a range of reactions from the public. Some netizens expressed a sarcastic viewpoint, highlighting how Gujarat residents no longer need to travel to Daman and Diu to legally consume alcohol. Additionally, there were comments pointing out the irony of granting exemptions such as Income Tax, SEZ, Custom, Dividend, and Capital Gain exemptions in the GIFT City area.
Historical Context: Departure from Gujarat’s Tradition
Gujarat, being the birthplace of Mahatma Gandhi, has adhered to a strict prohibition policy since its formation, prohibiting the manufacture, storage, sale, and consumption of alcoholic beverages. The exemption granted in GIFT City is a departure from this historical stance and reflects the government’s willingness to adapt regulations to suit the evolving needs of a global business environment.
Opposition’s View: Congress Disapproves the Decision
While the decision has sparked varied public reactions, the opposition Congress has voiced its disapproval. The political landscape is likely to witness debates and discussions surrounding the implications and potential consequences of lifting the liquor ban in GIFT City.
As GIFT City embraces this transformative change, the dynamics of the global business ecosystem within its precincts are expected to evolve, presenting new opportunities and challenges in the days to come.
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