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Grapes of Their Own; India's middle class embraces wine.
Byline: Ron Moreau
Local farmers supplying grapes to Sham Chougule, owner of India's Chateau Indage Estate Vineyards, call him "the Wine King," and with good reason. The 72-year-old entrepreneur owns a whopping 70 percent of the small but rapidly growing Indian wine market. Over the past three years, the stock price of Chougule's publicly traded company has doubled, giving Indage a market capitalization of $170 million. Now he's going global, with a purchase of Australia's seventh largest winery. He plans to spend $27 million to modernize his company and acquire an extra 810 hectares of vineyards in India. He is also looking to purchase wineries in places like ...
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- News wire article from: PTI - The Press Trust of India Ltd. July 5, 2007 700+ words
...to 150 per cent on wines and spirits. But...duties on European wines and spirits at the state level in India are among the highest...European spirit and wine makers, who have...dissatisfaction on India's decision to raise...basic customs duty on wines to 150 per cent from...
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- News wire article from: AsiaPulse News July 6, 2007 700+ words
...to 150 per cent on wines and spirits. But...duties on European wines and spirits at the state level in India are among the highest...European spirit and wine makers, who have...dissatisfaction on India's decision to raise...basic customs duty on wines to 150 per cent from...
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...globalization has stoked India's economic boom...including well-made wines. While wine is still a fledgling industry in India, with about...tariffs on imported wines. Those rates have led India into a WTO trade...barriers in the wine market. But while...
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...Monday said the dispute with India over import duty on wine and spirits would be sorted...Union (EU) had warned India of dragging to the WTO if taxes on wines and spirits imported from...producers," she said. India had in 2007 slashed the...
- INDIA'S AMFORA WINE IN TALKS WITH ITALIAN VINEYARDS FOR JV.
- News wire article from: AsiaPulse News April 19, 2007 700+ words
...Asia Pulse - Amfora Wine and Foods is in talks...affordable range" of wines in India. "Some talks have...large scale Italian wine import to India...affordable range of wines in India. Gupta said, as...bottles of Italian wine by the fourth year...
- WTO to hear case on India's imported wine and spirit duties.
- Newspaper article from: Food & Drink Weekly April 30, 2007 700+ words
...panel to rule whether India has violated its WTO...excessive duties on imported wines and spirits. A first...the EU was blocked by India at a DSB meeting on April...maximum 150 percent duty on wines and spirits set out in India's WTO tariff schedule...
- EU may take India to WTO on wines tariffs.
- News wire article from: PTI - The Press Trust of India Ltd. November 18, 2006 700+ words
EU may take India to WTO on wines tariffs New Delhi, Nov 18 (PTI...will decide next week on taking India to the disputes settlement body...not happy with the situation on wines and spirits. On India's demand to bring down a tariff...
Source: HighBeam Research, Grapes of Their Own; India's middle class embraces wine.