Mumbai:
The Rs 50-crore
Indian wine market is brewing
with excitement, and sharing this excitement are some of the largest
and the best-known wine-makers of the world.
A sense of deja vu prevails
despite the fact that there are steep duties to pay, which include a
100-per cent basic customs duty, a 150-per cent countervailing duty, a
4-per cent special additional duty and special fees levied by
individual states.
In the case of Maharashtra,
special fees amounts to Rs 100 per bottle. Because of high duties, a
bottle of wine, which on an average costs $1, ends up costing
five-to-six times higher by the time it reaches the Indian market.
One of the big names eyeing
the Indian market is Compagnie Francaise des Grands Vins, a leader in
French sparkling wines with exports of 70 million bottles and a
turnover of $70 million a year. Another major who intent to set up
base in India is the Charlton & Tribuchet Group, with known
products like Domaine Jean Charton, Bourgogne Blanc et Rouge, Rully
Blanc and Chassagne.
Others are Francois Martenot, Antoine Moueix & Lebegue, CFGV,
Hebrard, Cellier de Lenclave Des Papes, Marne Et Champagne
Diffusion, Direct Domaines
Distribution, Barton Et Guestier and Guy Sorne Export Producta.
A majority of wine
manufacturers say though duties are high, they would come down
eventually. Three cheers for that.
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