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States » SouthPosted at: Apr 13 2023 5:12PM


Establish inflation based pricing index for alcobev industry; ISWAI urges Telangana Govt

Hyderabad, April 13 (UNI) International Spirits and Wines Association of India (ISWAI) on Thursday appealed to the Telangana government to avoid any further delay in announcing inflation-led suppliers’ price increase and provide immediate relief in terms of supplier pricing to the industry for both IMFL and Bottled In Origin (BIO) products.
ISWAI also urged the state to consider establishing an inflation-based pricing index for the alcobev industry, thereby minimising the arbitrariness of the supplier price-setting process for the industry, the association said in a release here.
Speaking on the issue, Ms. Nita Kapoor, CEO, ISWAI, said, “Telangana is a progressive state for our sector and leads the premiumization trend with a 52 percent combined share for IMFL and BIO products.
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