Edit

Andhra Pradesh Government's New Liquor Licensing Policy: Key Revenue Projections and Changes

  • 15 Oct 2024 04:58 AM
  • Andhra Pradesh, tender process, liquor outlet licenses

The Andhra Pradesh government's recent call for tenders for new liquor outlet licenses has led to a significant surge in applications, with nearly 90,000 non-refundable applications received as of October 13. The lottery process to select the winning bids took place on October 14, marking a pivotal moment in the implementation of this new policy.

From the 90,000 applications alone, the government has already raised ₹1,800 crore, with each application costing ₹2 lakh. The winners of the lottery will subsequently be required to pay licensing fees ranging from ₹50 lakh to ₹85 lakh, depending on the location of their outlets, with payments made in six installments.

Overall, the new policy is expected to generate a substantial ₹2,084 crore annually solely from liquor licenses. On the issuance day of the licenses, the government is projected to collect ₹335 crore as the first installment, providing much-needed revenue for the fiscally struggling state of Andhra Pradesh.

In a significant shift from the previous YCP government’s cash-only policy, the NDA's new policy mandates online payments, allowing for better tracking of liquor sales. The government aims to generate an impressive ₹17,000 crore through liquor sales over the next six months, highlighting the potential financial impact of these changes.

AD
AD
AD
AD
AD
AD
AD
AD
AD
AD
AD
AD
AD
AD