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Liquor Industry
Alcoholic beverage makers have sought a reasonable price hike from state governments to deal with pressures arising out of rising can and bottle costs due to supply chain disruptions triggered by the West Asia crisis. Confederation of Indian Alcoholic Beverage Companies (CIABC) and the Brewers Association of India (BAI) have urged states to allow revisions of IMFL (Indian Made Foreign Liquor), wine and beer products and provide interim relief measures to help manufacturers cope with rising production costs. BAI has asked state governments to allow suppliers a price increase of 15-20 per cent to partially offset the impact of rising input costs. In letters sent to state governments, BAI Director General Vinod Giri said the conflict has triggered a sharp increase in input costs across categories. "Glass bottle prices have risen by around 20 per cent, paper cartons have increased by almost 100 per cent, and materials such as LDPE, BOPP and adhesives have become costlier by 20-25 per .
The state excise department has busted a factory producing counterfeit Indian-made foreign liquor in Nagpur district, seizing alcohol stock and other materials valued at Rs 24.67 lakh, officials said. The excise personnel on Tuesday conducted a raid on a bungalow at Gondwana Pimpri in the Hingna area where the illegal unit was operating, an official said. They seized 1,090 litres of counterfeit liquor blend, 356 bottles of a liquor banned for sale in Maharashtra, and 90 bulk litres of another fake liquor. Equipment such as an electronic bottle sealing machine, fake labels, bottle caps, empty bottles, and a four-wheeler vehicle were also seized, the official said. A case has been registered against seven persons, he added.
Alcoholic beverage maker's body CIABC on Friday said any import duty cuts in future trade deals on wine could hurt the domestic makers, as concessional tariffs on imported spirit from the EU, US, Australia and New Zealand may flood the Indian market. The Confederation of Indian Alcoholic Beverage Companies (CIABC) also suggested the government to impose a minimum import price clause to prevent inbound shipments of low-cost and low-quality bottled spirits, bulk and bottled wines. It added that the duty reduction agreed by India on Scotch whisky under the free trade agreement with the UK may impact the domestic premium category whisky brands due to the likely influx of lower-priced Scotch whiskies. As per the agreement, India will reduce duty on UK whisky and gin from 150 per cent to 75 per cent and further to 40 per cent in the tenth year of the deal. "If similar duty concessions are granted on other spirits, including wines under future FTAs with wine-producing countries such as th
The premiumisation of the liquor industry is happening very fast, helped by trends such as growth in disposable income and young generation's aspirations to have a more elevated experience, French spirit maker Pernod Ricard India MD Jean Touboul said on Friday. The mass spirits market will continue to be there, however, it is also premiumising as people now aspire for better products as they prefer "to drink less probably but drink better stuff", Touboul said while speaking at a session during India Today Conclave here "This trend is growing in the younger generation, which means when they grow older when their disposable income grows with life, we should see this trend continuing, if not accelerating," he said. Touboul also mentioned the role of innovation and said it is very important and key for Pernod Ricard's business because if you want to interact with the consumer to evolve them, then products delivering higher value are needed. Pernod Ricard, which has launched its first .