Seeking Alpha

India bans e-cigarettes

|About: Altria Group, Inc. (MO)|By:, SA News Editor

India announces a ban on the production, import and distribution electronic cigarettes.

"The decision was made keeping in mind the impact that e-cigarettes have on the youth of today," states Finance Minister Nirmala Sitharaman.

The ban will be issued through an executive order and is reported to include up to a three-year jail term for offenders.

Juul (NYSE:MO) and Philip Morris International (NYSE:PM) both hoped to launch electronic cigarettes businesses in the nation.

The decision by India could have a cascading effect in other parts of Asia amid reports of vaping epidemics.

Subscribe for full text news in your inbox