GIFT City update: Gujarat government eases liquor norms in Fintech hub; Real estate sector sees it as key to boosting investments
The Gujarat government has eased its GIFT City, Gandhinagar liquor consumption policy. Under the revised policy, employees can apply directly to the government for temporary or group liquor permits, eliminating the need to go through their company’s recommendation officer. (Representational Photo)(File Photo)
The Gujarat government has eased its GIFT City, Gandhinagar liquor consumption policy. Under the revised policy, employees can apply directly to the government for temporary or group liquor permits, eliminating the need to go through their company’s recommendation officer.
Real estate developers have welcomed the move, stating that streamlining the permit process by reducing documentation will contribute to building a more vibrant ecosystem in GIFT City and attracting greater investment and professional talent.
According to an April 15 notification issued by the Gujarat government’s home department, employees now do not need to approach their employer’s recommendation officer. Instead, they can directly apply to the authorised officer of the government authority for a temporary permit or group permit for liquor consumption in GIFT City, Gujarat.
Also Read: GIFT City’s Real Estate to Get a Boost with Budget 2025’s IFSC Incentives
What is GIFT City?
GIFT City stands for Gujarat International Finance Tec-City and is located along the Sabarmati River between Ahmedabad and Gandhinagar in Gujarat. It is spread across 880 acres. The development includes a special economic zone (SEZ) and a non-SEZ area. The SEZ houses financial institutions and banks, while the non-SEZ section features commercial office spaces and residential buildings.