Highway liquor ban might drag the growth of the industry down; 1 lakh jobs at stake
After the highway liquor ban, some of the hospitality majors have stopped serving liquor at some of the key locations from April 1. Luxury hotel chains such as Taj, Oberoi and Hyatt and the state governments are likely to lose more than Rs 60,000 crore because of the reform measure, believes an expert. Apart from a revenue loss, the job market surrounding the liquor market will also bear the brunt of the highway liquor ban judgement, expect industry insiders.Nifty future tips
More than 90,000 people will be jobless anticipate the industry insiders. India’s tourism industry is standing at an important trajectory and any sort of adverse move might hinder the expansion of the industry.
Through a landmark judgement, Supreme Court has banned liquor vends within 500 stock future tips metres of national and state highways including hotels and restaurants from April 1. The liquor market has been propelling since 2001, but the expansion of the industry touched all-time low in 2017, revealed a market analysis.