Target of 10145 Crores for FY 2024-25 Likely to be Exceeded, says FM
Punjab Newsline, Chandigarh, March 22-
Attributing remarkable milestone in the state's excise revenue growth to the success of the Excise Policies implemented since the AAP led Punjab Govt assumed office in 2022, Punjab cabinet minister Harpal Singh Cheema on Saturday announced that state's excise revenue has seen an unprecedented cumulative growth over the past three years, rising from 6254 crores to over 10200 crores. He said that for the first time in Punjab's history, the excise revenue would surpass the five-digit mark, with the target of 10145 crores for the financial year 2024-25 likely to be exceeded.
Addressing a press conference here at Punjab Bhawan, the Cheema lauded the Excise department's achievements, stating that the success of the tendering process has set the stage for a fourth consecutive year of remarkable growth for the Punjab Excise Department.
He said that the Excise Department has received overwhelming response in its ongoing e-tender process for the allotment of retail liquor licenses for the fiscal year 2025-26. He revealed that the department had set a reserve price of 9017 crores for 207 Retail Liquor Groups.