The government is planning to introduce a new brand of liquor in 180 ml quarter bottles to reduce the consumption of illicit alcohol, known as kasippu.
This initiative was discussed at a meeting of the Committee on Public Finance (COPF), led by Dr. Harsha de Silva.
The new product, which will be made from 85% alcohol (lower than the 96% used in current products), aims to provide a safer and more affordable alternative to illegal alcohol.
It is expected to generate Rs 50-100 billion in tax revenue.
Approximately 40% of alcohol consumers in the country currently rely on moonshine, which is cheaper but unsafe.
The new liquor will be produced using surplus molasses from local sugar factories, utilizing domestic resources.
The initiative is intended to improve public health, boost legal alcohol consumption, and reduce the illegal alcohol trade.
Officials pointed out that the surplus of molasses from Pelwatte and Sevanagala sugar factories could be used to produce the necessary spirits for the new liquor brand.
This presents an opportunity for domestic resources to be utilized in the production process, further supporting the initiative, officials said, adding that this new product will not only improve public health by offering a safer alternative to moonshine but also increase tax revenue, potentially contributing between Rs 50 to 100 billion.
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