‘India’s wine exports may touch Rs 100 cr by 2015’
1 Aug 2012 12:51 AM GMT
India's wine exports are expected to quadruple to Rs 100 crore by 2015 on the back of increasing production, commerce minister Anand Sharma on Tuesday said.
‘We have a bright future for wine industry in India. Within 10 years, it will grow ten fold including exports. Exports may touch Rs 100 crore annually by 2015,’ Sharma said at an Agricultural and Processed Food Products Export Development Authority of India (APEDA) function.
Currently, the country's wine exports is about Rs 25 crore. Sharma said that vineyards are increasing in the country and simultaneously the production is growing.
Commerce secretary S R Rao said that Indian wine industry in in a nascent stage but is expected to grow multi-fold.
APEDA chairman Asit Tripathy said that though the world wine market is dominated by French, Italian, Spanish and American wines, Indian wines too are becoming popular in the overseas markets and also beginning to make an appearance at international food shows.
Presently, Indian wines are largely being imported by Malaysia, Japan, the UAE, Bhutan, Germany, the USA, the UK, Sri Lanka, Maldives and New Zealand.
The Indian wine industry has been around for a little over four decades and is still in a nascent stage.
‘We have a bright future for wine industry in India. Within 10 years, it will grow ten fold including exports. Exports may touch Rs 100 crore annually by 2015,’ Sharma said at an Agricultural and Processed Food Products Export Development Authority of India (APEDA) function.
Currently, the country's wine exports is about Rs 25 crore. Sharma said that vineyards are increasing in the country and simultaneously the production is growing.
Commerce secretary S R Rao said that Indian wine industry in in a nascent stage but is expected to grow multi-fold.
APEDA chairman Asit Tripathy said that though the world wine market is dominated by French, Italian, Spanish and American wines, Indian wines too are becoming popular in the overseas markets and also beginning to make an appearance at international food shows.
Presently, Indian wines are largely being imported by Malaysia, Japan, the UAE, Bhutan, Germany, the USA, the UK, Sri Lanka, Maldives and New Zealand.
The Indian wine industry has been around for a little over four decades and is still in a nascent stage.
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