Are there dry days ahead for Delhites?
The national capital of India has banned the world’s largest brewer company, Anheuser-Busch InBev. And Delhites are in a frenzy. The company would not be able to sell its products in Delhi for the next 3 years. But all this is the result of alleged local tax evasion.
No more Budweiser for Delhites
A Business Today report stated, “The city government orders from earlier this month followed a 3-year investigation which found that beer maker SABMiller – acquired by AB InBev in 2016 for around $100 billion – used duplicate barcodes on its beer bottles supplied to city retailers that year, allowing it to pay lower levies.”
Later, AB InBev completely denied all the allegations made by the Delhi government. In fact, according to the company’s statement, it would be appealing against the order.
“Integrity and ethics are part of our core values … (We) look forward to presenting our views in full cooperation with the excise appellate process,” a company spokesman said.
According to research firm IWSR Drinks market analysis, AB InBev is the second biggest player in India’s $7-billion beer market. So much so that it accounts for a whopping 17.5% share!
Are you already missing your poison? Share your views in the comments section below.