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Global liquor companies chase Indian state dues of $400 million
Alcohol industry giants accuse Telangana of breaking accounting rules. The southern Indian state owes them nearly $400 million. Companies supply to state-run depots, relying on government payments. New dues are paid early, but old debts pile up. This creates a risk of bad debts for the industry. The state government has not responded to requests for comment.
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economictimes.indiatimes.com
Global liquor companies chase Indian state dues of $400 million
Alcohol industry giants accuse Telangana of breaking accounting rules. The southern Indian state owes them nearly $400 million. Companies supply to state-run depots, relying on…
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thehindu.com
Liquor industry urges Telangana to clear ₹3,700 crore dues before enforcing early payment discount scheme
Liquor industry leaders urge Telangana to settle ₹3,700 crore dues before implementing early payment discount scheme for suppliers.
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thehindubusinessline.com
Alcoholic beverages industry asks Telangana Govt to clear ₹3,700 crore dues
The alcoholic beverages industry urges Telangana government to clear ₹3,700 crore dues before implementing a new payment discount system.
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Telangana liquor suppliers flag concerns over new payment system and cash discount rule
Liquor associations flag Telangana’s new payment system with 2% cash discount, urging clearance of ₹3,700 crore dues and warning of financial stress.