Imported Spirits Industry Seeks Price Hike To Offset Inflation, Blames Squeezed Margins On State Taxes
The International Spirits & Wines Association of India (ISWAI) has called on state governments to adopt an inflation-based pricing model for alcoholic beverages, citing a substantial rise in raw material costs. According to ISWAI CEO Nita Kapoor, industry margins have contracted, leaving very little for trade and manufacturers, with state governments claiming 60-80 per cent […]