While Kerala’s long lines at liquor stores have made headlines, a new study reveals that Andhra Pradesh and Telangana actually spend the most on alcohol. According to the National Institute of Public Finance and Policy (NIPFP), these two Telugu-speaking states have the highest average annual spending per person on alcohol in India.
Allied Blenders and Distillers (ABD), India’s third-largest spirits company by volume, has launched a new premium brandy called Golden Mist in Karnataka. This move marks ABD’s entry into the fast-growing prestige brandy market, which is currently expanding at a strong 13.1% rate in the region. Golden Mist is aged in French oak barrels and has…
केयान के एमडी विनय कुमार सिंह ने बताया कि एथेनॉल व बाटलिंग प्लांट की स्थापना के लिए जमीन व अन्य मामलों के निस्तारण के साथ-साथ ऋण की समस्या भी थी। मुख्यमंत्री के निर्देश पर अफसरों ने प्रयास किया तो स्टेट बैंक ऑफ इंडिया की तरफ से ऋण स्वीकृत कर दिया गया। रविवार को नगर निगम…
ICRIER moots five point policy for a regulation and pricing of the Indian alcoholic beverages sector · The first of its kind report provides a model for taxation for state governments based on evidence and data · Report aimed at developing transparent principles for regulation and pricing of alcoholic beverages sector in India, which can…
Ankur Jain, founder of B9 Beverages, the company behind the Bira beer brand, has in principle agreed to step down from the company’s leadership as discussions with investors move toward a final stage, according to media reports. The decision follows months of negotiations, with shareholders pushing for a change in management at the financially stressed…
India’s alcohol sector has never been more critical to the nation’s economy. With an estimated market size of $52.4 billion in 2021, roughly 2 per cent of the country’s nominal GDP, the industry is significant and burgeoning. Projections suggest the Indian alcoholic beverage industry could reach an astounding $64 billion over the next five years,…
The Patna High Court has ruled that the seizure of an entire hotel due to the discovery of liquor on its premises is deemed unjust and illegal if the property owner is not implicated in the alleged offense. The court further said that the arbitrary assumption of the hotel owner’s involvement in a liquorrelated crime…
