Rs 8,840 Crore of Liquor Sold in 2012-13

16 April 2013
Mumbai

The Kerala State Beverages Corporation (BEVCO) Ltd, the public-sector liquor distribution monopoly, maintained its position as the most successful state public-sector enterprise and the highest profit-maker in financial year 2012-13.

BEVCO sold liquor valued at Rs 8,840 crore in 2012-13, up by more than 12 per cent over the previous year’s Rs 7,860 crore.This growth was despite anti-liquor movement spearheaded by the Catholic Church, and the panchayats and municipalities getting the right to say ‘no’ to liquor shops and bars.

According to a senior official, of the Rs 8,840 crore turnover, Rs.7,250 crore had gone to the state coffers by way of taxes and other charges, proving that liquor was the most lucrative business for the government.

Source – http://www.hospitalitybizindia.com/detailNews.aspx?aid=16439&sid=24

Found Useful? Do Share: Rs 8,840 Crore of Liquor Sold in 2012-13: