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Archives

Indian Economy

Fratelli now Second Largest Premium Wine Producer
Although Grover Zampa Vineyard maintains the distant no. 2 spot behind the leader Sula Vineyards, in terms of wine bottles produced annually, Fratelli has overtaken it as the second largest premium wine producer in 2016-17, a year during which the domestic industry appears to have crawled with a modest growth of barely 8-10%, writes Subhash Arora who talked to the owners/senior management people of the top ranking wine companies
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Allow Separate Wine and Beer Duty-Free Shops
A whiskey war seems to be in progress at the Delhi Arrivals Duty Free Shop which is oozing with strolleys that are given free with purchase of 2 bottles of whiskies like Chivas Regal, Jonny Walker Black, Glenlivet and a horde of other tempting offers, writes Subhash Arora who asserts that wines with no attractive display or offers have few chances of sales and feels a separate shop for only wine and beer sales ought to be leased out if the government is serious about alcohol misuse
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Delhi Excise Allows Temporary Respite
If a report in media is to be believed, the Delhi government has indefinitely deferred implementation of the online project for ordering wine and spirits from suppliers and paying excise duty in advance directly to the department, citing
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Imported Wine Sales hit Delhi Excise Roadblock
After a poor December month due to a mishap leaving the city in a somber mood, the sales were limping back into the buoyant season but wine sales in Delhi have hit a sudden roadblock as the new excise procedure effective February 15 has
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Indian Wine Industry Unleashes Export Ambition
APEDA and the Indian wine Industry clearly showed ambitions at the ‘Wine & organic Textile Certification’ event hosted in New Delhi on Monday where the Indian commerce
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Delhi Excise Issues Licenses for Imported Wines
Just as the hotels and restaurants had started getting dried up one after another, the Delhi Excise loosened their grip and released the first lot of excise licenses for imported wines for
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Delhi Excise Delays- Licensee Pays
In what may appear to be illegal or high handed depending upon which side of the table you are on, the Delhi Excise Policy of the current fiscal year increased the annual license fee
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Delhi Excise Duties Finally Announced
June 08: The much awaited Delhi Excise Policy has been finally announced with duty slab rates as applicable on the wholesale prices, resulting in a marginal decrease in wines whereas duty on spirits has been increased, writes Subhash Arora.
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New Excise Policy Boon for Small Producers
The last minute efforts by the Indian Grape Processing Board of having Mr. Sharad Pawar, Minister of Food processing industries meet with the top Brass of Delhi including the Chief Minister Sheila Dixit and the Excise Commissioner Mr R M Pillai in mid-March
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Wine Finally gets Respect from Delhi Excise
The Delhi Excise department needs to be complimented for finally delineating wine and beer from the stronger alcohols through the much awaited Public Notice issued this morning
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India-like Policy of Wine Marketing in the US
USA might be proud to have exported wines last year worth $1.14 billion, the same number as India’s population, but due to its Federal Constitution there are States like New York
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Proposed Excise cut too late, too small
The recent announcement by the Delhi excise department that it is considering a 25% cut in the excise duty and reducing the distributor license fee by an equivalent amount is too small
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Minor Duty Respite for Wine Importers Likely
In what may not warrant popping of champagne bottles, there is every likelihood of the government withdrawing the 4% Special Additional Duty it had imposed on the import
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Indians Ready for Wine-at Lower Prices
Jan 25: Wine may not have won over the beer and whisky guzzling Indians fully yet-just over a million cases of wine are sold annually in India but the popular accompaniment
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Anti Competition Excise Policy of Delhi
The current excise policy of demanding Rs.500,000 annual L-1 license fee and Rs.50,000 per label as registration charges, keeps the smaller domestic players out of the Delhi wine market
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Sula Enterprise Valued at $100 million
Mumbai: Nashik Vintners Pvt. Ltd (NVPL), owner of Sula brand and majority- owned by Rajeev Samant, has touched the enterprise value of an astronomical $100 million, based on the divestiture
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