Gujarat's GIFT City: Liquor Sales Boost Revenue in Dry State

The Gujarat government has accrued Rs 94.19 lakh from liquor sales at Gandhinagar's GIFT City, a special economic zone exempted from the state-wide alcohol prohibition in 2023 to foster a global business environment. The exception aims to attract international investors and facilitate corporate activities.

The Gujarat government has generated significant revenue amounting to Rs 94.19 lakh from the sale of alcoholic beverages within GIFT City, a key fintech hub located in Gandhinagar. This development follows the 2023 policy relaxation that permits alcohol consumption in the otherwise dry state known for its stringent prohibition rules.

The move, disclosed at a recent assembly session, allows the sale and consumption of liquor within GIFT City to encourage a global business environment. By January 31, 2025, a substantial volume of alcoholic beverages, including 3,324 bulk liters of spirit, 470 bulk liters of wine, and 19,915 bulk liters of beer, has been consumed by employees working in the area.

This strategic exception in Gujarat's prohibition policy aims to appeal to global investors, technical experts, and both national and international corporations, offering them the 'wine and dine' facilities required for a competitive business ecosystem.

(With inputs from agencies.)