Latest news with #MML
Time of India
5 days ago
- Business
- Time of India
Maharashtra govt permits production of grain-based liquor
Mumbai: In an attempt to boost revenue, the Maharashtra government has allowed the manufacture of grain-based liquor and decided to revive closed and underutilised potable liquor licensee (PLL) units by permitting them to run at full capacity. As per a government order issued on Thursday, the move is expected to generate an additional revenue of around Rs 3,000 crore. Productivity Tool Zero to Hero in Microsoft Excel: Complete Excel guide By Metla Sudha Sekhar View Program Finance Introduction to Technical Analysis & Candlestick Theory By Dinesh Nagpal View Program Finance Financial Literacy i e Lets Crack the Billionaire Code By CA Rahul Gupta View Program Digital Marketing Digital Marketing Masterclass by Neil Patel By Neil Patel View Program Finance Technical Analysis Demystified- A Complete Guide to Trading By Kunal Patel View Program Productivity Tool Excel Essentials to Expert: Your Complete Guide By Study at home View Program Artificial Intelligence AI For Business Professionals Batch 2 By Ansh Mehra View Program The order mentions Maharashtra Made Liquor (MML), a new category alongside Indian Made Liquor (IML) and Indian Made Foreign Liquor (IMFL), which will be an exclusive brand produced in the state. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like They Were So Beautiful Before; Now Look At Them; Number 10 Will Shock You Reportingly Undo The proposal for MML was made by a committee formed in January under the Devendra Fadnavis-led government, headed by then additional chief secretary Valsa Nair. The committee submitted its report in April, and the cabinet cleared it on June 10. According to the order, MML made from grains will be priced at Rs 148 for 180 ml and have an alcohol strength of 42.8 per cent by volume. Live Events The aim is to bridge the price gap between country liquor and IMFL, the order stated. The brand cannot be manufactured in any other state or under other liquor categories, such as country liquor, IML, beer or wine. PLL licensees producing MML must have their head office in Maharashtra. Of the 70 PLL units in the state, 22 are defunct and 16 operate only as retailers, while the remaining 32 manufacture liquor, with 10 of them producing 70 per cent of the IMFL in Maharashtra . This is not the first attempt to promote grain-based liquor in the state. In 2007, the Congress-NCP government had launched a scheme to set up grain-based distilleries, but it was scrapped following objections from activists and a stay by the Bombay High Court in 2010.
New Indian Express
6 days ago
- Business
- New Indian Express
Maharashtra permits production of state-made liquor to revive local industry, compete with foreign brands
MUMBAI: To boost the investment, generate jobs locally and increase revenue, the Maharashtra government has issued a resolution permitting the manufacturing of the 'Maharashtra Made Liquor' (MML) foreign liquor in the state. As per a government notification, MML means any foreign liquor manufactured within Maharashtra by a licensee holding a licence in Form PLL as appended to the Maharashtra Distillation of Spirit and Manufacture of Potable Liquor Rules, 1966, by using grain-based spirit and conforming to the conditions prescribed by the government from time to time. A senior government official from the excise department said that in Maharashtra, there are a total of 48 liquor manufacturing firms, out of which 16 are almost closed, while as many are partially operational. "In the 1980s, Maharashtra made foreign liquor was a brand across the country, which was in great demand as well. But over a period of time, with the massive entry of foreign-made liquor and their branding, the local brand lagged, and now, they are struggling to survive. This new decision, boosting local industry, is the last attempt to revive the local liquor industry,' he added. Maharashtra Deputy Chief Minister Ajit Pawar, who is also excise minister, has constituted a study group committee under the head of additional chief secretary Valsa Nair to recommend ways to increase the revenue. This study group had suggested Maharashtra government promote the grain-based spirit – foreign liquor under the banner of Maharashtra Made Liquor so that sick liquor factories will get the opportunity to revive themselves by competing with foreign-made liquor companies.
Hindustan Times
6 days ago
- Business
- Hindustan Times
‘Maharashtra Made Liquor': State allows manufacturing grain alcohol
Mumbai: The cash-strapped Maharashtra government has approved the manufacturing of grain-based liquor in the state for the first time, while also reviving closed and underutilised potable liquor licensee (PLL) units and allowing them to operate at full capacity. The state excise department issued an order to this effect on Thursday. Thane December 31-rush in Wine Shop for new year Celebration , india ,2012 December 31-(Photo by Praful Gangurde) (Hindustan Times) The state government has also introduced a new category of liquor, Maharashtra Made Liquor (MML), to go along with Indian Made Liquor (IML) and Indian Made Foreign Liquor (IMFL). MML will be an exclusive brand of Maharashtra, with the government restricting its manufacturing to the state, according to the order. With this move, the state expects to generate additional revenue of up to ₹3,000 crore. Reeling with an expected state debt of ₹9.32 lakh crore for FY 2025-26, the Mahayuti government has been trying to find new avenues to increase revenue and bear the burden of populist schemes such as the Ladki Bahin Yojana. The suggestion to introduce MML came from a committee set up by the Devendra Fadnavis-led government in January, headed by the additional chief secretary at the time, Valsa Nair. The committee's report, submitted in April, was approved by the state cabinet on June 10. According to the government order, based on the committee's recommendations, MML brands made from grains will cost a minimum of ₹148 for 180 ml, with the aim of bridging the price gap between country liquor and IMFL. The alcoholic strength of MML has been restricted to 42.8% v/v (volume by volume) or 25 UP (under proof). For vodka and gin products, the permissible alcoholic strength will range from 37.5% v/v to 42.8% v/v (or 35 UP to 25 UP). The state government wants MML to be an exclusive brand and has banned its manufacturing elsewhere in the country. It also cannot be manufactured in any other liquor category, such as country liquor, IMFL, beer and wine, among others, according to the order. The registered head office of the PLL licensee must also be in Maharashtra. 'The PLL licensee company must have no direct or indirect foreign investment; at least 25% of the promoters or license holders of the company must be permanent residents of Maharashtra; if the registered licensee is manufacturing IMFL in Maharashtra and in other states, then the said licensee shall not be eligible for an MML license,' the order says. The state excise department has allowed only self-owned brands to be eligible for production under the MML category. 'Brands owned by any third party or company shall not be permitted for production under MML,' said a senior excise official. 'It has been made mandatory to print, 'For Sale In Maharashtra State Only,' along with the MML logo on the labels of MML products sold within Maharashtra. For labels of MML products meant for export, printing the MML logo shall also be mandatory,' the official added. The move will come as a boost for the 70 PLL units in Maharashtra, out of which 22 are entirely defunct, while 16 do not manufacture and renew their licence only for permission to sell liquor through their shops. The remaining 32 manufacture liquor, out of which 10 produce 70% of the IMFL manufactured in the state. Interestingly, this isn't the first time a Maharashtra government has attempted to manufacture grain-based spirits. In 2007, the Vilasrao Deshmukh-led Congress-NCP government launched a scheme called Food Grain-Based Distillery and Integrated Unit Financial Aid to promote grain-based distilleries. However, the scheme was short-lived as it raised the hackles of activists, who questioned the logic of diverting food-grains for producing liquor in a state with a food deficit, endemic malnutrition and drought. The Comptroller and Auditor General (CAG) then red-flagged lacunae in the scheme. In June 2010, the Bombay High Court also stayed the disbursement of funds, almost ₹50 crore each to the 23 distilleries licensed to make alcohol from coarse cereals under the scheme.
Time of India
6 days ago
- Business
- Time of India
Govt issues guidelines for ‘Maharashtra Made Liquor'
Chhatrapati Sambhajinagar: The state home department on Thursday issued a resolution detailing operational guidelines for producing 'Maharashtra Made Liquor' (MML), a new category of grain-based liquor. The move comes nearly a month after the state cabinet approved adding MML to the Bombay Foreign Liquor Rules, 1953. State govt recently increased the excise duty on IMFL from 300% of the manufacturing cost to 450%. An official of the state excise department said, "In contrast, MML will have 270% excise duty. This will not only help Maharashtra-based existing local manufacturers, but is also expected to revive sick units, generate employment and even make quality liquor available at cheaper prices for the consumers." In simple terms, an industry insider explained, the estimated price difference between a litre of IMFL (Indian-made Foreign Liquor) and MML would be around Rs 700. Assuming a manufacturing cost of Rs 400 per litre, the total cost for IMFL would be Rs 2,200, including an excise duty of Rs 1,800 (450% of the manufacturing cost). In contrast, the total cost for MML would be Rs 1,480, with an excise duty of Rs 1,080 (270% of the manufacturing cost). You Can Also Check: Mumbai AQI | Weather in Mumbai | Bank Holidays in Mumbai | Public Holidays in Mumbai The govt resolution (GR) stated that MML would be treated as a distinct type of IMFL, and its manufacture will be permitted only using rectified spirit produced within the state. The eligibility criteria for licence holders include having the registered head office in Maharashtra, ensuring at least 25% shareholding by state residents. The decision, cleared in the cabinet meeting on June 10, aims to boost state excise revenue, encourage investment, and create employment by enabling under-utilised and closed foreign liquor manufacturing units (PLL) in Maharashtra to operate at full capacity. Another official from the excise department told TOI that there are 48 IMFL manufacturers in Maharashtra and 10 of them control 90% of the market. "The remaining 35-38 units barely manufacture or pay govt charges and levies to ensure their licence is not revoked. The MML category aims to help these units enter the market," the official said. License holders seeking to manufacture MML must fulfill certain conditions. Their registered office must be in Maharashtra, at least 25% of the shareholding should be held by state residents, and they shouldn't produce Maharashtra-branded IMFL in other states. Additional requirements apply to units operating on lease or tie-up arrangements. Stay updated with the latest local news from your city on Times of India (TOI). Check upcoming bank holidays , public holidays , and current gold rates and silver prices in your area. Get the latest lifestyle updates on Times of India, along with Raksha Bandhan wishes , messages and quotes !
Time of India
7 days ago
- Business
- Time of India
MML to beat excise hike with home grain brew
Nagpur: Unhappy over liquor getting dearer after the recent excise duty hike, tipplers may soon get cheaper Maharashtra-made booze. A govt resolution (GR) issued by the state on Thursday spells out details for manufacturing of Maharashtra's pure home-brewed grain-based liquor. Maharashtra Made Liquor (MML) as it is termed is the third category of booze introduced by the state govt. The other two are Indian Made Foreign Liquor (IMFL) and country liquor. Like IMFL, the market would now get brands of whisky, rum, vodka, or gin made by units that have at least 25% promoters from Maharashtra and the business does not have a single rupee of foreign investment. After excise duty was hiked in June, the state announced the introduction of a of MML as the new category, which needs to be exclusively grain-based liquor. MML would, however, attract nearly half of the excise duty compared to that levied on IMFL, ultimately making it cheaper than the latter, said sources. The conditions laid down, however, also state if the same brand is sold outside Maharashtra, the MML tag would be withdrawn. The same brands cannot even be made outside Maharashtra. Manufacturers who got a licence to make MML can, however, lease a part of their capacity to others and retain a part exclusively for making the Maharashtra booze. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like BITS Excellence, now online BITS Pilani Digital Apply Now Undo The conditions also say that MML has to be mandatorily registered within one year and licence holders have been barred from taking up third-party production too. The Nagpur Permit Room Owners Association, a guild of liquor bars, has welcomed the move. Rajeev Jaiswal, association's president, said it would help introduce cheaper liquor. The state should also consider easing VAT on MML. Stay updated with the latest local news from your city on Times of India (TOI). Check upcoming bank holidays , public holidays , and current gold rates and s ilver prices in your area.
