GoI might discard potable alcohol manufacture license requirement

Industrial Alcohol The government might de-license Indian potable alcohol manufacture, in response to a proposal from the Department of Industrial Policy & Promotion (DIPP) and an in-principle approval from Haryana, Andhra Pradesh, Rajasthan and Maharashtra. Other states are expected to follow the same route.If the license requirement is done away with (like the industrial alcohol industry); beer, wine, rum, whisky and other alcoholic beverages’ manufacture will increase. Foreign liquor companies will benefit, as a senior government official comments, “Foreign companies face delays after receiving approval from the Centre, as states take a long time to issue licences.” According to the official, the move will lead to increased taxes and duties on the industry, decrease ad-hocism between states and attract investors. DIPP has been instrumental in forming a committee to usher in a more progressive age for alcohol in India. The committee is made up of central and state government officials. It will look into issues like excise duty rationalisation.