Aiming for a high, quality of life does influence investment decisions, India needs to loosen up

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.  

  1. 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.  

  1. 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.   

Print Friendly and PDF
Blog
Academy
Community