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Alcobev cos expect mixed spirits for Diwali, weddings
Mint Mumbai
|November 11, 2023
Experts project contrasting scenarios influenced by state govt policies and changes in duty
As the festive fervour of Diwali and the unfolding wedding season, India’s alcoholic beverages industry is gazing at a varied landscape, with different states presenting a mixed bag of opportunities and challenges. Industry insiders project contrasting scenarios across states, influenced by state-level changes.
Delhi, Karnataka, Pondicherry and Kerala are likely to see the impact of policy or duty changes.
Delhi, in particular, stands out due to a significant policy upheaval last year with political overtones, resulting in the complete transition of the alcoholic beverage business from private ownership back to state ownership.
This story is from the November 11, 2023 edition of Mint Mumbai.
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