Why Gujarat, Dry State Since 1960, Will Allow Liquor In New Financial Hub
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.
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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.
