Skip to content
  • Facebook
  • X
  • Linkedin
  • WhatsApp
  • Associate Journalism
  • About Us
  • Privacy Policy
  • 033-46046046
  • editor@artifex.news
Artifex.News

Artifex.News

Stay Connected. Stay Informed.

  • Breaking News
  • World
  • Nation
  • Sports
  • Business
  • Science
  • Entertainment
  • Lifestyle
  • Toggle search form
  • Coach JP Duminy Is Required To Field For South Africa vs Ireland, Makes Epic One-Handed Save. Watch
    Coach JP Duminy Is Required To Field For South Africa vs Ireland, Makes Epic One-Handed Save. Watch Sports
  • King Charles To Ride In Carriage For Annual Birthday Parade: Report
    King Charles To Ride In Carriage For Annual Birthday Parade: Report World
  • “Insect Damaged And Torn” But Still This Don Bradman Cap Could Fetch Rs 2.20 Crore. It Has An India Connection
    “Insect Damaged And Torn” But Still This Don Bradman Cap Could Fetch Rs 2.20 Crore. It Has An India Connection Sports
  • US Man Admits To Stuffing Girlfriend’s Body In Suitcase, But Can’t Recall Killing Her
    US Man Admits To Stuffing Girlfriend’s Body In Suitcase, But Can’t Recall Killing Her World
  • Tamil Nadu: Vedanta Can’t Reopen Sterlite Copper Plant, Public Health Important: Supreme Court
    Tamil Nadu: Vedanta Can’t Reopen Sterlite Copper Plant, Public Health Important: Supreme Court Nation
  • “BRICS Is For The Fairies Until China, India Get Serious,” Says Mr ‘BRICS’
    “BRICS Is For The Fairies Until China, India Get Serious,” Says Mr ‘BRICS’ Nation
  • Israeli doctors say five released Thai hostages in ’fair’ health after 15 months of captivity
    Israeli doctors say five released Thai hostages in ’fair’ health after 15 months of captivity World
  • Efforts to infuse narrative what happened in our neighbourhood will happen in India deeply concerning: Jagdeep Dhankhar
    Efforts to infuse narrative what happened in our neighbourhood will happen in India deeply concerning: Jagdeep Dhankhar World
Diageo India added ₹49,000 crore to Indian economy: report

Diageo India added ₹49,000 crore to Indian economy: report

Posted on August 4, 2025 By admin


Diageo India’s operations added approximately ₹49,000 crore in value to the Indian economy in 2023-24 and the company supported nearly 6.5 lakh jobs in that year said ⁠Pahlé India Foundation (PIF), in its report “Economic and Social Impact Assessment of Diageo India”.

Employing the input-output model developed by Nobel Laureate Professor Wassily Leontief, the report which provides an in-depth analysis of the company’s national footprint, has quantified the company’s direct and indirect impact on employment.

Out of the ₹49,000 crore in that specific year (FY 2024) the direct contribution of Diageo India was ₹25,300 crore and the remaining was indirect through the economic activities and demand generated by the company, said Abhishek Jha, the author of the report.

The findings highlight how procurement-related activities are creating forward and backward linkages across various industries encompassing primary agriculture, transportation and logistics, packaging, hotels, trade, and tourism. 

In addition to traditional financial metrics, the report has covered factors such as employee satisfaction, sustainability initiatives, corporate social responsibility (CSR) activities, as well as fiscal contributions to government revenues.

In sustainability front, the company in FY 2025 had cut water consumption by 11%, water withdrawal by 10%. This was achieved as a result of efforts made at the plant level. The company improved its water-use efficiency by 48% in distilleries and by 31% in packaging, as per the report.

The company had also eliminated coal use, and reduced Scope 1 and Scope 2 emissions by 87% and 98% respectively. 

As a part of decarbonisation strategy, the company increased its in-house solar energy capacity to 2.6 MW and achieved 98.6% renewable energy use status in direct operations, according to the report.

The company spends approximately ₹20 crore on CSR programs each financial year, impacting over 1,00,000 people across various regions. 

The programs are focused on community development, increasing agro-produce and agri-income, healthcare, water access, providing sanitation facilities, women’s empowerment, and livelihood generation around the company’s 36 manufacturing facilities across several states.

Rajiv Kumar, Chairperson, PIF, said: “The alcobev industry stands at the crossroads of agriculture, logistics, tourism, and retail. With targeted reforms to improve ease of doing business, especially in taxation and interstate trade, India can become a key player in the $5.7 trillion global spirits market by 2032.”

“We must recognise that India cannot become ‘first’ unless the private sector is empowered. Anchor investors, such as Diageo, are vital to this transition. If the company can deepen its cultural and social presence, it can contribute to redefining India’s global manufacturing footprint,” he said. 

“Simplifying licensing norms and harmonising excise policies across states will be critical to making ‘Made in India’ alcobev products globally competitive,” he added.

Praveen Someshwar, Managing Director and Chief Executive Officer, Diageo India in a statement said, “As India embarks on its transformative journey towards Viksit Bharat, Diageo India remains a committed partner in this endeavour, contributing to India’s emergence as a global economic powerhouse by 2047.”

“Our alignment with the nation’s priorities — driving investments, fostering innovation, creating jobs, advancing sustainability, and enabling inclusive progress — reflects our commitment to shaping a future that is both prosperous and inclusive,” he said.

“This Economic and Social Impact Assessment by Pahlé India Foundation highlights our strategic investments in people, partners, and national development,” he added. 

Published – August 04, 2025 03:42 pm IST



Source link

Business Tags:000 crore added to economy, Diageo India adds ₹49, Diageo India supports 6.5 lakh jobs, Diageo India’s economic impact, Pahlé India Foundation, Pahle India Foundation report “Economic and Social Impact Assessment of Diageo India”

Post navigation

Previous Post: GST evasion of ₹7.08 lakh crore detected in five years, includes input tax credit fraud of ₹1.79 lakh crore
Next Post: Why are parachutes shaped like that?

Related Posts

  • Chartered Accountants from UK, Canada might be allowed to practice in India: ICAI President
    Chartered Accountants from UK, Canada might be allowed to practice in India: ICAI President Business
  • Explained | Budget 2023: What are laboratory-grown diamonds as announced by Finance Minister Nirmala Sitharaman
    Explained | Budget 2023: What are laboratory-grown diamonds as announced by Finance Minister Nirmala Sitharaman Business
  • Crisil says no negative actions so far by lenders on Adani following U.S. indictment
    Crisil says no negative actions so far by lenders on Adani following U.S. indictment Business
  • Soybeans rise after Trump says he wants China to buy more U.S. beans
    Soybeans rise after Trump says he wants China to buy more U.S. beans Business
  • Suzuki aims to boost sales by a third by 2030, invest heavily in India
    Suzuki aims to boost sales by a third by 2030, invest heavily in India Business
  • Retail inflation shoots back to nine-month high of 5.5%
    Retail inflation shoots back to nine-month high of 5.5% Business

More Related Articles

Discover native mango varieties in Chennai Discover native mango varieties in Chennai Business
EPFO to marginally hike interest on PF deposits to 8.25% EPFO to marginally hike interest on PF deposits to 8.25% Business
Indians spend more on processed food, less on home-cooked meals: Data Indians spend more on processed food, less on home-cooked meals: Data Business
Rupee plunges 20 paise to settle at 83.49 against U.S. dollar Rupee plunges 20 paise to settle at 83.49 against U.S. dollar Business
Jio seeks revised paper on satellite spectrum allocation as it ignores level-playing field Jio seeks revised paper on satellite spectrum allocation as it ignores level-playing field Business
Stock Market News: Markets climb in early trade on firm global trends; buying in Reliance, ITC Stock Market News: Markets climb in early trade on firm global trends; buying in Reliance, ITC Business
SiteLock

Archives

  • August 2025
  • July 2025
  • June 2025
  • May 2025
  • March 2025
  • February 2025
  • January 2025
  • December 2024
  • November 2024
  • October 2024
  • September 2024
  • August 2024
  • July 2024
  • June 2024
  • May 2024
  • April 2024
  • March 2024
  • February 2024
  • January 2024
  • December 2023
  • November 2023
  • October 2023
  • September 2023
  • August 2023
  • July 2023
  • June 2023
  • May 2023
  • April 2023
  • March 2023
  • February 2023
  • January 2023
  • December 2022
  • November 2022
  • October 2022
  • September 2022
  • August 2022
  • July 2022
  • June 2022
  • May 2022

Categories

  • Business
  • Nation
  • Science
  • Sports
  • World

Recent Posts

  • Access Denied
  • Access Denied
  • U.S.’ Villanova University says report of campus shooter was ‘cruel hoax’
  • Access Denied
  • Access Denied

Recent Comments

  1. dfb{{98991*97996}}xca on UP Teacher Who Asked Students To Slap Muslim Classmate
  2. "dfbzzzzzzzzbbbccccdddeeexca".replace("z","o") on UP Teacher Who Asked Students To Slap Muslim Classmate
  3. 1}}"}}'}}1%>"%>'%> on UP Teacher Who Asked Students To Slap Muslim Classmate
  4. bfg6520<s1﹥s2ʺs3ʹhjl6520 on UP Teacher Who Asked Students To Slap Muslim Classmate
  5. pHqghUme9356321 on UP Teacher Who Asked Students To Slap Muslim Classmate
  • Himanta Sarma As Poppy Farms Destroyed
    Himanta Sarma As Poppy Farms Destroyed Nation
  • India vs Pakistan: Babar Azam Gives Haris Rauf Angry Stare After Pacer Pleads For DRS. Watch
    India vs Pakistan: Babar Azam Gives Haris Rauf Angry Stare After Pacer Pleads For DRS. Watch Sports
  • Judge holds Donald Trump in contempt, fines him ,000 and raises threat of jail in hush money trial
    Judge holds Donald Trump in contempt, fines him $9,000 and raises threat of jail in hush money trial World
  • “Very Bad Situation”: Star India Spinner Rescued By NDRF Amid Gujarat Rains
    “Very Bad Situation”: Star India Spinner Rescued By NDRF Amid Gujarat Rains Sports
  • “Sometimes He Struggles But…”: Liverpool Star Mohamed Salah Backs Out-Of-Form Darwin Nunez To Come Good
    “Sometimes He Struggles But…”: Liverpool Star Mohamed Salah Backs Out-Of-Form Darwin Nunez To Come Good Sports
  • Lost Ranji Trophy Semi-final On Day 1: Tamil Nadu Coach Questions Captain R Sai Kishore’s Call After Defeat
    Lost Ranji Trophy Semi-final On Day 1: Tamil Nadu Coach Questions Captain R Sai Kishore’s Call After Defeat Sports
  • Can Donald Trump Be President Despite His Criminal Conviction?
    Can Donald Trump Be President Despite His Criminal Conviction? World
  • India To Remain World’s Fastest Growing Economy, Says Nirmala Sitharaman
    India To Remain World’s Fastest Growing Economy, Says Nirmala Sitharaman Nation

Editor-in-Chief:
Mohammad Ariff,
MSW, MAJMC, BSW, DTL, CTS, CNM, CCR, CAL, RSL, ASOC.
editor@artifex.news

Associate Editors:
1. Zenellis R. Tuba,
zenelis@artifex.news
2. Haris Daniyel
daniyel@artifex.news

Photograher:
Rohan Das
rohan@artifex.news

Artifex.News offers Online Paid Internships to college students from India and Abroad. Interns will get a PRESS CARD and other online offers.
Send your CV (Subjectline: Paid Internship) to internship@artifex.news

Links:
Associate Journalism
About Us
Privacy Policy

News Links:
Breaking News
World
Nation
Sports
Business
Entertainment
Lifestyle

Registered Office:
72/A, Elliot Road, Kolkata - 700016
Tel: 033-22277777, 033-22172217
Email: office@artifex.news

Editorial Office / News Desk:
No. 13, Mezzanine Floor, Esplanade Metro Rail Station,
12 J. L. Nehru Road, Kolkata - 700069.
(Entry from Gate No. 5)
Tel: 033-46011099, 033-46046046
Email: editor@artifex.news

Copyright © 2023 Artifex.News Newsportal designed by Artifex Infotech.