Latest news with #AlcoBevIndia2025
Time of India
23-04-2025
- Business
- Time of India
CIABC seeks uniform taxation, global push for Mahua, Feni
Alcoholic beverage maker's body CIABC on Wednesday urged the government to introduce uniform taxation for the sector and allow promotion of heritage spirits like ' Mahua ' and ' Feni ' globally, saying such reforms are vital to boost exports and help Indian brands compete internationally. Deepak Roy, Chairman at Confederation of Indian Alcoholic Beverage Industry (CIABC), also said that the government should allow the industry to communicate freely with its consumers. With the government's help, Indian heritage spirits can be promoted in international markets, as they have great potential in India and globally, he said. Roy was speaking at the AlcoBev India 2025 , the industry conclave organised by CIABC here. "One segment that can really make it happen is the Indian heritage spirits. When 'Tequila' can be synonymous with Mexico, 'Sake' with Japan and 'Soju' with Korea, the same we can achieve internationally with 'Feni' or 'Mahua', which have a rich cultural legacy. We need to get out of the old mindset and promote Indian heritage spirits," he said. He added that different taxation levels in states are a big challenge for the industry. "There is no cohesive strategy for the Indian alcoholic beverage industry. The industry needs a uniform taxation mechanism which will propel the growth," he added. At the conclave, CIABC Director General Anant S Iyer said the Indian alcoholic beverage industry is seeking taxation reforms and progressive policies to drive revenue growth and industry advancement. India is ranked 40th in the world for alcoholic beverage exports, and the target is to be among the top 10 exporters in the world in the coming years. The country's alcoholic beverages exports stood at over Rs 2,200 crore in 2023-24. The major destinations include the UAE, Singapore, the Netherlands, Tanzania, Angola, Kenya and Rwanda. The target is to increase the shipments to USD 1 billion in the coming years.
Time of India
23-04-2025
- Business
- Time of India
CIABC seeks uniform taxation, global push for Mahua, Feni
Alcoholic beverage maker's body CIABC on Wednesday urged the government to introduce uniform taxation for the sector and allow promotion of heritage spirits like ' Mahua ' and ' Feni ' globally, saying such reforms are vital to boost exports and help Indian brands compete internationally. Deepak Roy, Chairman at Confederation of Indian Alcoholic Beverage Industry (CIABC), also said that the government should allow the industry to communicate freely with its consumers. With the government's help, Indian heritage spirits can be promoted in international markets, as they have great potential in India and globally, he said. Roy was speaking at the AlcoBev India 2025 , the industry conclave organised by CIABC here. Play Video Pause Skip Backward Skip Forward Unmute Current Time 0:00 / Duration 0:00 Loaded : 0% 0:00 Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 1x Playback Rate Chapters Chapters Descriptions descriptions off , selected Captions captions settings , opens captions settings dialog captions off , selected Audio Track Picture-in-Picture Fullscreen This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Text Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Transparent Caption Area Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Drop shadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Winter Camping Gear (Order Today) Trek Kit India Shop Now Undo "One segment that can really make it happen is the Indian heritage spirits. When 'Tequila' can be synonymous with Mexico, 'Sake' with Japan and 'Soju' with Korea, the same we can achieve internationally with 'Feni' or 'Mahua', which have a rich cultural legacy. We need to get out of the old mindset and promote Indian heritage spirits," he said. He added that different taxation levels in states are a big challenge for the industry. Live Events "There is no cohesive strategy for the Indian alcoholic beverage industry. The industry needs a uniform taxation mechanism which will propel the growth," he added. At the conclave, CIABC Director General Anant S Iyer said the Indian alcoholic beverage industry is seeking taxation reforms and progressive policies to drive revenue growth and industry advancement. India is ranked 40th in the world for alcoholic beverage exports, and the target is to be among the top 10 exporters in the world in the coming years. The country's alcoholic beverages exports stood at over Rs 2,200 crore in 2023-24. The major destinations include the UAE, Singapore, the Netherlands, Tanzania, Angola, Kenya and Rwanda. The target is to increase the shipments to USD 1 billion in the coming years.
Time of India
21-04-2025
- Business
- Time of India
CIABC, APEDA to organise AlcoBev India 2025 on April 23
(You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel The Confederation of Indian Alcoholic Beverage Companies ( CIABC ), along with Agricultural and Processed Food Products Export Development Authority ( APEDA ), will jointly organise AlcoBev India 2025 on April 23. AlcoBev India 2025 will focus on critical themes such as taxation reforms , progressive policies driving revenue growth and industry advancement, premiumisation and global competitiveness, according to a will help achieve APEDA's target of reaching USD 1 billion exports in next few years, it added."AlcoBev India 2025 is the first of its kind event for the Indian alcoholic beverage companies, bringing together industry captains, thought leaders, senior government officials/policymakers and other key stakeholders. It is designed to foster meaningful dialogues amongst its key stakeholders, spark innovative ideas, and address critical challenges facing the industry," said CIABC Director General Mr Anant S is the representative body of India's leading alcoholic beverage companies.
