In a major push to boost investments in the alcohol-based industries, the Uttar Pradesh Excise Department, in collaboration with Invest UP, attracted investments worth Rs 3600 crore during a day-long Excise Investors’ Summit here on Wednesday.
Photo: SNS
In a major push to boost investments in the alcohol-based industries, the Uttar Pradesh Excise Department, in collaboration with Invest UP, attracted investments worth Rs 3600 crore during a day-long Excise Investors’ Summit here on Wednesday.
The summit aimed to promote investments in the alcohol manufacturing, distribution, and marketing sectors by creating an investor-friendly policy ecosystem and providing stakeholders with comprehensive information on existing policy frameworks.
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The summit was inaugurated by UP Excise Minister (Independent Charge), Nitin Agarwal and the summit witnessed participation from investors, industrial groups, and startup representatives from India and abroad.
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The Excise Minister informed that in the past few years, a total of 142 proposals related to alcohol-based industries have been received via Invest UP, out of which 135 MoUs have been signed, entailing a proposed investment of ₹39,479.39 crore and the potential to generate 73,524 jobs. Of these, 46 projects have reached the “GBC-Ready” stage, meaning land acquisition has been completed and documents have been uploaded on the Invest UP portal. These 46 projects alone account for ₹7,888.73 crore in investments.
Among them, 19 units are already operational, with an investment of ₹2,339.6 crore, generating 2,316 direct employment opportunities, while 27 projects are under establishment.
The minister further noted that excise revenue has seen a sharp jump — from approximately ₹17,000 crore in 2016–17 to ₹53,000 crore in 2024–25, underscoring the sector’s exponential growth.
He also emphasized that Uttar Pradesh is actively promoting export-oriented policies to transform into a key export-driven state.
Reassuring prospective investors, the Excise Minister stated that the UP government and the Excise Department are fully committed to offering a secure, transparent, and profitable environment for businesses. The department is continuously simplifying processes through digitization and ensuring policy stability for long-term investor confidence.
He said the summit received investment proposals worth ₹3,600 crore, with several more investors showing keen interest in entering the state’s alcohol-based industries.
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