By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
India Times NowIndia Times NowIndia Times Now
Notification Show More
Font ResizerAa
  • Bharat Shreshtha Ratna Sanman
  • India News
  • Categories
    • Technology
    • Entertainment
    • The Escapist
    • Insider
    • Finance ₹
    • India News
    • Science
    • Health
Reading: Clear ₹3900 crore dues, reinforce confidence among investors, alcobev makers urge government
Share
India Times NowIndia Times Now
Font ResizerAa
  • Bharat Shreshtha Ratna Sanman
  • India News
  • Categories
Search
  • Bharat Shreshtha Ratna Sanman
  • India News
  • Categories
    • Technology
    • Entertainment
    • The Escapist
    • Insider
    • Finance ₹
    • India News
    • Science
    • Health
Have an existing account? Sign In
Follow US

Home » Clear ₹3900 crore dues, reinforce confidence among investors, alcobev makers urge government

India News

Clear ₹3900 crore dues, reinforce confidence among investors, alcobev makers urge government

Times Desk
Last updated: January 16, 2026 4:45 pm
Times Desk
Published: January 16, 2026
Share
SHARE


Three associations of alcoholic beverage (alcobev) firms have appealed to Telangana government to urgently clear long-pending payments, pointing out such delays dilute credibility of the State to attract investment.

Outstanding dues payable by Telangana State Beverages Corporation (TGBCL) to alcobev suppliers have crossed ₹3900 crore, with a significant portion pending for over a year (₹900 crore). Such a situation prevails despite excise revenues increasing more than fourfold over the past decade — from around ₹9,000 crore in 2014 to nearly ₹38,000 crore in 2023–24. The State also collected more than ₹3,000 crore in October 2025 through liquor retail licence application fees. December 2025 revenue turnover has also been at an all-time high, the Brewers Association of India (BAI), the International Spirits and Wines Association of India (ISWAI) and the Confederation of Indian Alcoholic Beverage Companies (CIABC) said in a joint statement.

As Telangana prepares to showcase itself as a preferred investment destination at the upcoming WEF in Davos, it is important the State government honours existing contractual commitments to position itself as a credible partner in business. Payment delays at this scale, they said, dilute the credibility and image of the State to attract investment, the associations said.

Continued delays risk disrupting supplies, impacting excise revenues and causing wider investor confidence concerns. They said the alcobev sector contributes more than a third of Telangana’s tax revenues generating ₹2,300-2,600 crore every month. It supports a large ecosystem of breweries, distilleries, packaging, logistics and retail, providing an estimated 70,000 direct and indirect jobs across the State.

Timely settlement of pending payments would reinforce confidence among existing and prospective investors and strengthen Telangana’s reputation as a reliable place to do business, they associations said.

Published – January 16, 2026 10:15 pm IST



Source link

GBA polls no less than assembly battle: Ram Madhav
Cong. to probe vote reduction in Davanagere
Teachers’ bodies flay Dean appointments
Trinamool’s ‘nepo babies’ face tough contest in 2026 Assembly election
New water pipeline from Sathanur dam to Tiruvannamalai nearing completion
TAGGED:Alcobev manufacturersContractual obligationpending duestelangana
Share This Article
Facebook Email Print
Leave a Comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Follow US

Find US on Social Medias
FacebookLike
XFollow
YoutubeSubscribe
TelegramFollow

Weekly Newsletter

Subscribe to our newsletter to get our newest articles instantly!
[mc4wp_form]
Popular News

From biryani to sorpotel: How different communities in Bengaluru celebrate Christmas

Times Desk
Times Desk
December 23, 2025
NGO seeks steps to stop illegal construction in Wayanad elephant corridor
Government bypassing all norms to appoint body builders as police officers: K.C. Venugopal
Centre meets seafood exporters, offers support
PM Modi inaugurates Noida International Airport
- Advertisement -
Ad imageAd image
Global Coronavirus Cases

Confirmed

0

Death

0

More Information:Covid-19 Statistics
© INDIA TIMES NOW 2026 . All Rights Reserved.
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?