Bharatpedia

Tamil Nadu State Marketing Corporation

Revision as of 14:31, 2 March 2022 by Dhaneesh Ram (talk | contribs)

The Tamil Nadu State Marketing Corporation (TASMAC) is a company owned by the Government of Tamil Nadu, which has a monopoly over wholesale and retail vending of alcoholic beverages in the Indian state of Tamil Nadu. It controls the Indian Made Foreign Liquor (IMFL) trade in the state.

Tamil Nadu State Marketing Corporation
IndustryRetail and Wholesale alcohol (IMFL) vending
Founded1983
Founder(s)M. G. Ramachandran
HeadquartersCMDA Tower-II, IV Floor, Gandhi Irwin Bridge Road, Egmore, Chennai-600008, Tamil Nadu, India
Key people
V. Senthil Balaji, Minister for Prohibition and Excise Department
₹ 26,794 Crore in 2016–17 Source Fin express
Total assets5823 Retail Outlets[1]
Number of employees
29,297[1]
Websitehttp://tasmac.co.in/

History

TASMAC was established in 1983 by then Chief Minister M. G. Ramachandran.[2] The state has a long history of prohibition, first implemented partially in 1937 by the Indian National Congress government of C. Rajagopalachari. Between 1973 and 2001, it was lifted briefly during 1971–74, 1981–87 and 1990–91. After 1983, TASMAC was in charge of wholesale liquor sales in the state whenever prohibition was lifted. In 2001, prohibition was lifted again and TASMAC became the wholesale monopoly for alcohol. For retail vending, the state auctioned off licenses for running liquor shops and bars. But this led to the formation of cartels and loss of revenue to the state. The government tried to counter this by introducing a lot system from the financial year 2001–02, where potential bidders bid for shops grouped by revenue. But the lot system could not prevent cartelisation, as bidders later withdrew in favour of others. In October 2003, the government passed an amendment to the Tamil Nadu Prohibition Act, 1937, making TASMAC the sole retail vendor of alcohol in the state. By 2004 all private outlets selling alcohol were either shut down or taken over by the company. This monopoly established by the AIADMK government of J. Jayalalithaa came into effect on 29 November 2003. The DMK government of M. Karunanidhi which took power in 2006, did not revise its predecessor's policy and TASMAC continues to control the alcohol industry in the state.[3][4][5][6][7]

  1. ↑ 1.0 1.1 Cite error: Invalid <ref> tag; no text was provided for refs named dc1
  2. ↑ http://tasmac.co.in/
  3. ↑ Subramanian, T. S. "Deadly concoctions". Frontline. Archived from the original on 12 June 2002. Retrieved 4 June 2010.{{cite web}}: CS1 maint: unfit URL (link)
  4. ↑ Anand, S. "Rotgut Blues". Outlook. Retrieved 4 June 2010.
  5. ↑ "TASMAC, coops alone to retail trade IMFL in TN". Business Standard. Retrieved 4 June 2010.
  6. ↑ Ramesh, Niranjana (9 June 2009). "Politics influences DMK on disinvestment in central PSUs". The Economic Times. Retrieved 4 June 2010.
  7. ↑ Nambath, Suresh. "A dangerous mix". The Hindu. Archived from the original on 31 October 2004. Retrieved 4 June 2010.{{cite web}}: CS1 maint: unfit URL (link)
Retrieved from "https://en.bharatpedia.org/w/index.php?title=Tamil_Nadu_State_Marketing_Corporation&oldid=305492"