PANAJI, India, Dec. 23, 2013 /PRNewswire-iReach/ -- Gordon Atlantic Development Corporation announces its support for the protection of basic human rights inclusive of the LGBT community in India. Gordon Atlantic released a statement that whilst investment in India will continue regardless of the Supreme Court of India's decision, Gordon Atlantic stands with the Honourable Minister of Law and Justice, Shri Kapil Sibal, Chairperson of the United Progressive Alliance and President of Indian National Congress Sonia Gandhi and the Indian central government in filing the review petition on Section 377 in the Supreme Court.
Marginalising the LGBT community is bad for business
"In a fast-paced global economy no country or business truly committed to bolstering profitability or fostering economic development should support the marginalisation of the global LGBT community. At Gordon Atlantic we regularly assess the purchasing power parity of the LGBT communities throughout our market zone within the 18 countries where we directly invest. This determination is based on the United States LGBT community purchasing power parity estimated in 2012 to be US$ 790 billion or approximately 4.95 % of total United States purchasing power parity in 2012, $15.94 trillion; based on 3.5 % of the United States population that self-identifies as a member of the LGBT community or approximately 11,105,500 persons. Utilising these very conservative figures, the firm estimates the purchasing power parity of the India LGBT community to be $235.6 billion or approximately 4.95 % of total Indian purchasing power parity that in 2012 totalled $4.761 trillion dollars; based on an estimated 3.5 % of the Indian population estimated to be a member of the Indian LGBT community, or approximately 43,327,900" said Gordon Atlantic CEO Dr. William Hyatt Gordon, LEED AP BD+C.
William Hyatt Gordon explained, "as no Gordon Atlantic Economic Development Fund can provide investment beyond the United States population outside of the country. A Gordon Atlantic Economic Development Fund has a maximum reach of slightly more than 22 million LGBT persons at any given time based on a population slightly more than 628 million people in any investment zone no matter what nations are actually included in funds investment zone. Based on the same principles applied to the entire global market place; Gordon Atlantic estimates that the global LGBT purchasing power parity was slightly more than $4 trillion dollars in 2012 based on a global economy of approximately $82.7 trillion in purchasing power parity derived from slightly under 250,000,000 LGBT peoples globally. Gordon Atlantic Economic Development Funds reach slightly under nine per cent of the global LGBT community at any one time."
"In India and elsewhere, Gordon Atlantic continues to encourage all nations to support a free and open economy inclusive of the LGBT community and the United Nations Universal Declaration of Human Rights, as well as recent advances by the United Nations Human Rights Council and the United Nations High Commissioner for Human Rights," stated William Hyatt Gordon.
Building communities through diversity
"We are building nations across cultures, creating diversity at all levels. At Gordon Atlantic we value a pluralistic approach as we work on economic development worldwide. We value all levels of diversity whether they be systems of thought, religion, sexual orientation or culture. And we appreciate the reconciliation of all thought processes as it fosters creativity allowing us to solve world problems from a dynamic and progressive perspective rather than looking only to the past," said Gordon Atlantic VP of Global Diversity Omar Hassam. "Our projects are innovative, sustainable and creative, serving the community in a profound way. This is how we at Gordon Atlantic do business. Creativity is generated from the collision of disparate ideas, and without differing thoughts and perspectives creativity is stifled."
About Gordon Atlantic Development Corporation
Gordon Atlantic Development Corporation operates as a Single Family Office – Economic Development Fund (SFO-EDF) that pursues innovative real estate and media based economic development projects in Angola, Australia, the Bahamas, Chile, China, Finland, France, Germany, Hong Kong, Ireland, India, Nicaragua, Puerto Rico, Russia, South Korea, Spain, Switzerland, the United Kingdom, and the United States. Additionally, the firm provides economic development private client consultancy for job producing real estate-based projects worldwide.
Media Contact: Jessica Johnson, Gordon Atlantic, 9172837003, firstname.lastname@example.org
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SOURCE Gordon Atlantic Development Corporation