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News– GIFT(Gujarat International finance tech city) management is seeking relaxation in liquor laws in special economic zone (SEZ) area of GIFT city. Gujarat had banned alcohol consumption since 1960 as a homage to Mohandas Karamchand Gandhi.
- Why did such demand arose
Investment decisions are influenced by the ease with which people can adapt to a new destination. Allowing people to lead their regular lives, without banning their usual habits will indeed attract investments from the people of other areas.
- What action should the government take
As per the article, the Gujarat government should respond positively to the GIFT management’s request if it wants to actualise its vision of a vibrant international financial centre. It might take business to a new high.
Source– This post is based on the article “Aiming for a high, quality of life does influence investment decisions, India needs to loosen up.” published in The Times Of India on 7th Dec 2021.
