back to top
Friday, May 24, 2024
34 C
Lucknow

Despite prohibition talk, top liquor companies keen to return to Andhra Pradesh | Vijayawada News

Date:

Share:

VIJAYAWADA: Big liquor companies including Ab InBev, United Spirits and United Breweries, which left Andhra Pradesh after YSRC government announced phase-wise prohibition in 2019, are now looking to make a comeback to the state.
While the primary reason for these companies to shut their operations in AP was alleged non-payment of outstanding dues, they had hastened through the exit process as they did not see any future prospects in view of the proposed phase-wise total prohibition.
They are now planning to send their proposals to the state government to restart their businesses in the state, sources said.
Sources said prohibition is not taking shape on expected lines and liquor turnover has witnessed a multi-fold increase in the last one year, which is the main reason for alcobev companies showing interest in returning to the liquor business in AP. Sources informed attempts are being made by these companies to reach out to the state government through industry bodies like FICCI and International Spirits and Wines Association of India (ISWAI).
Speaking to TOI, Carlsberg vice-president Rishi Chawla said that they are always open to do business with Andhra Pradesh in a conducive atmosphere. “In fact, both Telugu states have been a great market for beer and that is the reason why we opened a brewery in Telangana. We are forced to scale down the capacity utilisation of our brewery with the change in policy of AP government. We will be happy to supply our products that are known for quality worldwide if the Andhra Pradesh government resolved the pending issues,” he said.
APBCL managing director D Vasudeva Reddy told TOI that they are pursuing the issue with the alcohol companies. He said that UB Group and Diageo started their supplies recently and discussions are going on with other companies to resume their businesses.

The above news was originally posted on timesofindia.indiatimes.com

Aabkari Times Editorial Teamhttps://aabkaritimes.com
Aabkari Times is a monthly news magazine on Liquor, Excise and Alcohol allied industry; being published since 2009 by the expertise of retired excise dept. associates and alco-bev industry professionals as our editorial team. Our magazine contains different new alco-bev strategic and new brand launch articles as well as news on recent govt. policies, trends on alcohol industry and other important data relevant to the distilleries and industry at the mass.

Subscribe to our magazine

━ more like this

Oil Marketing Companies Seek Bids for Ethanol Supply in ESY 2023-24

In ESY 2023-24, Oil Marketing Companies (OMCs) are seeking bids for the supply of approximately 66 crore litres of Denatured Anhydrous Ethanol. Bidders are...

Haryana’s New Excise Policy to Raise Liquor Prices, Introduce Tracking System

The Haryana government has given the green light to a comprehensive excise policy for the fiscal year 2024-25, slated to take effect from June...

Radico Khaitan Unveils Last Three Bottles of Rampur Signature Reserve at Hyderabad Airport Duty-Free

Radico Khaitan proudly marks its entry into Hyderabad Airport Duty-Free, unveiling the last three bottles of the globally acclaimed Rampur Signature Reserve Indian Single...

Karnataka Government Elevates Liquor Retail with Premium Boutique in Bengaluru

The Karnataka government has inaugurated a high-end liquor boutique in Bengaluru, located at Basaveshwara Nagar, marking a significant step in enhancing the state's retail...

New Year Cheers : A State-by-State Look at India’s New Year Liquor Surge

As the revelry of New Year's Eve subsides, India witnesses a notable surge in liquor sales, indicating a vibrant start to the year. Here's...
spot_img