Three leading alcobev industry associations – CIABC, BAI and ISWAI – have asked the Telangana government to clear dues of Rs 3,151 crore payable to their suppliers of alcoholic beverages.

Issuing a joint statement, the associations have urged the state government to utilise money to be received from forthcoming retail licence auction to clear the dues payable to the industry. Terming the situation an “existential crisis” for the alcobev industry in the state, they said many companies may struggle to maintain supplies in Telangana. “Telangana’s alcobev industry is undergoing an existential crisis as the delayed payments from the Telangana State Beverages Corporation Ltd (TGBCL) has crossed over Rs 3,151 crore, out of which over Rs 2,300 crore is more than a year old,” the statement said. T

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