T he International Spirits and Wines Association of India (ISWAI), the Brewers Association of India (BAI) and the Confederation of Indian Alcoholic Beverage Companies (CIABC) issued a joint statement cautioning that the sector is “reeling under tremendous financial crisis” due to worsening dues owed by the Telangana State Beverages Corporation Ltd. (TSBCL), which holds the monopoly on liquor procurement and whole21sale in the state.

Despite buoyant sales and strong excise collections in October 2025, driven by festive demand, the payment situation deteriorated dramatically. Industry associations said supplier payments from the government dropped by almost 50% in October compared to the preceding four-month average.

Outstanding dues breach contracted 45-day pay cycle

The state governmen

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