India’s wine export is likely to reach Rs 100 crore by 2015 on the back increasing production, Commerce and Industry Minister Anand Sharma said yesterday, according to PTI report.
"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," Anand Sharma said while addressing at Agricultural and Processed Food Products Export Development Authority of India (APEDA) function. He further added that though in current scenario India’s wine exports is nearly Rs 25 crore, the increase in vineyards in the country is simultaneously leading to the increase in production.
Speaking on the occasion, Commerce Secretary S R Rao said that Indian wine industry in in a nascent stage but is expected to grow multi-fold. Presently, Indian wines are being imported by countries like Malaysia, Japan, the UAE, Bhutan, Germany, the USA, the UK, Sri Lanka, Maldives and New Zealand.
The Indian wine industry has been around for more than four decades and is still in a nascent stage. Currently there are about 90 wine industries, mostly placed in and around the Pune-Nashik belt and Bangalore. While comparing the world leaders like France, Italy, Spain, the US, Argentina, Australia, China, South Africa, Germany, Chile and the UK, Indian industry is very small and largely driven by reasonable market prices. However, experts see a enormous prospective in wine sector for all stakeholders – from grape farmers to consumers, added the report.