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Alcoholic beverage industry is the fastest growing in India

BNE News Desk


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Guwahati: India exported alcoholic products worth USD 322.12 million in 2020-21.

According to a statement from the Union Commerce Ministry, the Ministry of Commerce and Industry's Agricultural and Processed Food Products Export Development Authority (APEDA) enabled the participation of 10 exporters in the London Wine Fair 2022.

The London Wine Fair, held from June 7 to June 9, is considered one of the world's most prominent wine trade events.

Resvera wines, Sula vineyards, Good drop wine cellars, Hill Zill wines, KLC wines, Soma vine village, Grover Zampa vineyard, Plateaux Vintners, ASAV vineyards, and Fratelli vineyards are among the Indian exporters who attended the London Wine Fair. Given that India is the world's third-largest alcoholic beverage market, 12 joint venture businesses with a permitted capacity of 33,919 kilolitres per annum for the manufacturing of grain-based alcoholic drinks exist. Under authorization from the Indian government, around 56 facilities manufacture beer.

"During 2020-21, India exported 2.47 lakh metric tonnes of alcoholic goods to the globe, totaling USD 322.12 million. In 2020-21, the biggest export destinations for Indian alcoholic beverages were the United Arab Emirates, Ghana, Singapore, Congo, and Cameroon, among others "According to the government. Maharashtra has become an important state for wine production, with around 35 wineries in the state.

In Maharashtra, grapes are grown on around 1,500 acres for wine production. To encourage wine production, the state government designated winemaking as small-scale industry and gave excise reductions.

In the worldwide market, the demand for Indian alcoholic drinks such as malt beer, wine, white wine, brandy, whiskies, rum, gin, and so on has expanded dramatically.

APEDA has held a number of workshops and wine tasting events at international trade shows to raise awareness about the potential of Indian wines.

According to the government, the Indian wine industry grew at a compound annual growth rate of 14% from 2010 to 2017, making it the country's fastest-growing alcoholic beverage industry.

BNE News Desk