Beer lovers in Delhi are facing a shortage of their favourite brands as many liquor shops do not have refrigeration facilities. Consumers have complained that popular beer brands are missing from the shelves and are being replaced with unknown brands. A senior excise department officer said that there were no specific complaints about any beer…
The sale of liquor surged by almost 35% during Dol and Holi this year compared to previous years, according to estimates of those associated with the industry. The sharp surge was due to various indoor and outdoor Holi parties this year after three years of the pandemic. Liquor shops were open in 2020, 2021 and…
Following the assembly elections in Tripura, Excise Department has seized illegal items worth Rs 17 lakh of illegal items intensifying enforcement activities, the official said. The raids are conducted as per the direction of the Election commission of India. “Following denouncement of upcoming election 2023 as per the direction of Election Commission of India, we…
More varieties and brands of liquor are expected to be available from June and July. Approving the excise policy for the 2023-24 fiscal year, the state cabinet has the paved way to increase production of extra neutral alcohol (ENA) in U.P. Excise department officials said the policy will allow more players to enter liquor business…
With the Delhi Government formulating a new excise policy to run retail and wholesale liquor trade in the city in 2023-24, liquor traders have sought removal of rules that discriminate against Indian-made products and promote imports in the forthcoming excise policy for 2023-24. They also suggested “vocal for local” for liquor trade in the national…
The global RTD market has long been at the forefront of innovation in the spirits industry, churning out entire subcategories nearly every year. The last decade focused on the development of RTD cocktails, with various conglomerates manufacturing nearly every conceivable cocktail, from simple G&Ts to intricate penicillins, in pre-mixed form. It wasn’t until late 2016…
Dubai rang in the new year by suspending a 30 per cent tax on alcohol sales as the emirate seeks to consolidate its position as the Gulf’s tourism and business hotspot. The initiative, which took effect on Sunday, will last for a year and has been described as a trial period by industry executives informed…
While Christmas saw a full house at most of the pubs, restaurants and bars, the state excise department has disbursed 1.65 lakh one-day permits which revellers will have to buy if they wish to consume or carry liquor. This year, the excise department is keen on ensuring that every wine and beer store will stock…
When Sula Vineyards Ltd announced in early December that it would raise Rs 960 crore ($116 million) through an initial public offering (IPO), it was a refreshing change in a business news cycle dominated by tech-startup flotations. The 23-year-old company, founded by Rajeev Samant, is nothing short of a category creator. So much so that…
The market for alcoholic beverages in India is amongst the biggest in the world. The industry is consistently growing year-on-year primarily on account of two factors – growing disposable incomes and a gigantic young population. The demographically younger population, which seems to be at the forefront of alcohol consumption makes investing in this sector a…