While the overall liquor market fell by 42% during the April-June quarter of the last fiscal, it fell 9% in the second quarter. The market, however, expanded 1% in Q3, and recovered to a growth of 6% during the latest Jan-March quarter.
Nationwide lockdowns that were necessitated due to the Corona pandemic impacted sales of IMFL (a Indian made foreign liquor) products across India in 2020-21 with overall sales dropping by 12 per cent, according to CIABC, the apex body of the .
States such as Uttarakhand, Himachal Pradesh and Haryana reported over 40 per cent growth in IMFL sales during the fourth quarter of 2020-21, while Maharashtra and Goa reported 23 and 22 per cent growth, respectively, as against the year-ago quarter, according to data released by the Confederation of Indian Alcoholic Beverage Companies (CIABC).
CIABC urges Meghalaya govt to scrap Central Bonded Warehouse
By IANS |
0 Views
Kerala start-up s Covid masks disinfectant machine becomes a hit.. Image Source: IANS News
Shillong, May 17 : The Confederation of Indian Alcoholic Beverage Companies (CIABC), apex body of the Indian Alcoholic Beverage Industry, has written to the Meghalaya Government seeking immediate end to the creation of Central Bonded Warehouse (CBW) which is to function as the sole wholesaler for all alcoholic beverages products to be sold in Meghalaya.
In its letter to Sarika Aggarwal Synrem, Commissioner & Secretary, Excise Registration Taxation Stamps (ERTS) Department, a copy of which has also been sent to Meghalaya Chief Minister Conrad K Sangma, the CIABC has urged to put implementation of the CBW on hold until the time its commercial rationale and legality is validated .