UP’s alcohol sector drives tax revenue, eyes future growth
Alcohol contributes 25% to UP’s tax revenues, with licensed F&B outlets generating up to 19% of their income from alcohol. The Excise Policy 2025-26 promotes alcohol-tourism via wineries and microbreweries. The IMFL segment is seeing 10% annual volume growth, as ISWAI pushes for rationalised taxes, digitisation, and export support to propel future investment and premiumisation.