//Kerala heads for record liquor sales

Kerala heads for record liquor sales

[ Tuesday, March 21, 2006 03:51:22 pmIANS ]

THIRUVANANTHAPURAM: Kerala is heading for an all-time high sale of so-called Indian made foreign liquor (IMFL) and beer, with the figure expected to cross Rs 26 billion by the end of the current fiscal in end March.

A top official of the Kerala State Beverages Corporation, the sole wholesalers of IMFL and beer, said at the end of last month the sale of IMFL and beer stood at Rs 24.01 billion – higher than the Rs 23.20 billion sale in the last fiscal.

"We expect to close the current fiscal with sales of Rs.26 billion, which would be an all time high. The sale of IMFL is expected to cross 10.9 million cases, which would be a record because in the last fiscal we sold 10.8 million cases.

"Likewise, beer sales would also cross four million cases. Last time it stood at 3.8 million cases," said the official.

The corporation is expected to finish the year by contributing a record Rs 20 billion by way of taxes to the exchequer.

"In the last fiscal, we contributed Rs 18.04 billion by way of taxes and till last month we have given Rs 18.24 billion. By the end of this month it is set to cross Rs 20 billion for the first time," said the official.