The revenue from the alcoholic drinks market amounted to USD 1,371,385 million in 2020 which is anticipated to reach USD 39.7 billion by the end of 2030. The Indian alcoholic beverage market represents one of the most compelling spirits opportunities in the world. Being the third largest, after China and Russia, it is estimated to grow…
Five centuries after Goans began making feni – a pungent, fermented liquor not for the faint-hearted – a new crop of distillers is hoping to take the spirit global. But first, they have to convince other Indians to drink it. Usually made from crushed cashew apples or coconut palm sap, the potent beverage has in…
[ad_1] The Union government has prepared a blueprint to enable it to rapidly scale up ethanol blending to cut costly oil imports, reworking the country’s food policy that will focus on sucking out excess food stocks to produce fuel. Officials say this would achieve multiple goals, while some experts suggested the country ought to move…
India is planning to boost ethanol production in view of rising petrol and diesel prices. Union minister Nitin Gadkari said that the country is working towards the goal as people are facing a heavy financial burden due to record-high fuel prices. nion minister Nitin Gadkari on Wednesday said India is going to increase the production…
[ad_1] The government hopes to more than double ethanol production capacities in the country, so as to achieve 20 per cent blending with automotive fuels by the year 2025, secretary, Department of Food and Public Distribution, Sudhanshu Pandey, said while briefing the media about ethanol blending with petrol (EBP) programme. Secretary, DFPD said that as…
[ad_1] Initial findings of an on-going survey being done by Indian Council for Research on International Economic Relations (ICRIER) has found that alcoholic beverages, which are governed differently in different states, have impacted the method of calculation of the ex-distillery price (EDP) or the final price of the products, which vary widely across the states,…
[ad_1] NEW DELHI: In a boost to India’s energy security efforts, the country’s ethanol distillation capacity will double by 2025, and ethanol blending with petrol (EBP) will help save foreign exchange of more than ₹30,000 crore, according to a top government official. While briefing reporters on Tuesday, secretary, department of food and public distribution, Sudhanshu…
[ad_1] The EU, including the UK, was India’s largest destination (as a bloc) in FY20, with a 17% share in the country’s overall exports. Importantly, the UK accounted for 16% of India’s $53.7-billion exports to the EU in FY20. As India and the European Union (EU) prepare to resume formal negotiations for a proposed free…
[ad_1] NEW DELHI – India, the world’s third-biggest oil importer, has fast tracked a proposal to introduce petrol with a higher blend of ethanol in an effort to reduce its vehicular emissions and cut down on oil import costs. While it is expected to also benefit Indian farmers, who produce sugar cane and grains used…
[ad_1] Bengaluru: The excise duty on sale of liquor has become one of the steadiest sources of capital inflows for Karnataka, giving it funds not just for developmental activities but also to pay the bills during the hardships heaped on by the Covid-19 pandemic. The state government has earned ₹1,445.03 crore in the form of…