Andhra Pradesh Privatizes Liquor Retail, Targets Revenue Boost

By By Rediff Money Desk, VIJAYAWADA
Oct 01, 2024 13:52
Andhra Pradesh adopts a new liquor policy, allowing private retailers to sell spirits. The move aims to increase revenue and is modeled after successful policies in other states.
Vijayawada, Oct 1 (PTI) The Andhra Pradesh government on Monday notified a new liquor policy, allowing private retailers to sell spirits on the lines of Haryana and others with the state expecting to rake in Rs 5,500 crore in revenue.

In a complete overhaul of excise policy based on best practices from other states, Andhra Pradesh has decided retail of liquor to be privatised with 3,736 retail shops notified across the state.

The new policy will take effect from October 12, 2024, as per the notification by the state government.
Read More On:
excise policyandhra pradeshprivate retailersliquor policyliquor retail
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.

You May Like To Read

MORE NEWS

Shree Cement Partners with DPIIT to Support...

Shree Cement signs MoU with DPIIT to support startups in the manufacturing sector,...

NMIMS SBM, Mumbai Gets EQUIS Accreditation -...

NMIMS School of Business Management (SBM), Mumbai, has secured the EQUIS accreditation,...

Retail Inflation for Industrial Workers Rises...

India's retail inflation for industrial workers edged up to 2.44% in August, according...

Iceberg Organic Ice Creams Targets Rs 100 Cr...

Iceberg Organic Ice Creams, with headquarters in Hyderabad, aims to reach a turnover of...

NMDC Raises Iron Ore Prices by Rs 400/tonne

India's largest iron ore miner, NMDC, has increased lump ore and fines prices by Rs 400...

UNDP Asia-Pacific Chief Visits India for...

UNDP Assistant Secretary-General Kanni Wignaraja visits India to strengthen cooperation...

JSW Cement Expands Capacity to 6 MTPA in Karnataka

JSW Cement has commissioned an additional 2 MTPA capacity at its Vijayanagar plant in...

ZEEL Aims for Higher Profitability: Goenka

ZEEL CEO Punit Goenka outlines plans to enhance performance across businesses,...

Gold Prices Decline Rs 200, Snap 10-Day Rally

Gold prices in India declined by Rs 200 on Tuesday, ending a 10-day winning streak due...

India's Automotive Mission Plan 2047: Aimed at...

India's Ministry of Heavy Industries is working with auto industry associations to...

Read More »

Sectoral Indices Market Indicators Listed Companies Gainers Losers Mutual Funds Portfolio Watchlist
© 2024 Rediff.com