High taxes in India and different state-wise regulation policies are a challenge, according to French spirits giant Pernod Ricard. A bottle of its Chivas Regal costs around $80 in the southern Indian state of Karnataka, compared with about $30 in London
Company says India should move towards slashing imported liquor tax to zeroNEW DELHI, April 28 - French spirits giant Pernod Ricard
The 150% tax on imported liquor has long been a sore point for the industry, and poses a "large challenge" for Pernod Ricard, South Asia CEO Thibault Cuny told Reuters in an interview. Industry sources say India has kept taxes high on imported liquor as it helps the government generate revenue from alcohol sales and keep consumption in check.
There has been more social acceptance of drinking alcohol in recent years and a growing bar culture in India, so more affluent Indians are consuming premium whiskeys and Scotch brands.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Pernod Ricard Furthers Sustainable Steps With Ellen MacArthur FoundationThe world’s second-largest wine and spirits seller partners up with the Ellen MacArthur Foundation — reinforcing its commitment to reducing waste. See more here. luxuryalcohol sustainability
Weiterlesen »
India has seen months of extreme heat and this week it will only get hotterOver one billion people will be subjected to excessive heat – 10% of the world’s population, according to Scott Duncan, an extreme climate expert.
Weiterlesen »
India Mahdavi Launches a Kaleidoscopic Home Collection for H&MPerfect for summer entertaining, Mahdavi’s new home line for H&M was inspired by the colors you see after you close your eyes in the sun.
Weiterlesen »
South Asia wilts in heat as India rubbish mountain burnsHeatwave across India and Pakistan leads to power cuts and water shortages as a landfill site in the Indian capital New Delhi burns for the third straight day, with toxic black smoke engulfing nearby areas.
Weiterlesen »