India’s top liquor manufacturers have raised strong objections to the new excise policy recommendations prepared by an expert committee and warned that it would lead to monopoly of a few companies, mainly MNCs, and will bring in cartelisation besides hitting Delhi Government’s revenues.
In a joint representation to Delhi Chief Minister Arvind Kejriwal, the four major Indian players have opposed any change in free pricing criteria besides raising red flag over the proposed change in registration of brands, which claimed was “extremely unfair, one-sided and violative of principles of free competition”.