India is the largest consumer of whisky in the world and Scotch whisky has become less expensive in parts of India since the India-UK trade agreement took effect on July 15. Mint, called it the first price drop since the agreement and said prices fell 10% to 15% in states...
Singapore’s Temasek Targets a Piece of India’s $18.5B Cricket League
Temasek, Singapore’s state-owned sovereign investment firm, is weighing a potential move into the Indian Premier League, signaling growing global investor interest in one of the world’s most valuable sports properties. They have a long history of investments into India. Temasek’s India managing director, Vishesh Shrivastav, told Reuters the firm is...
India’s Khaitan Builds Billion Dollar Liquor Empire
Abhishek Khaitan, a third-generation liquor baron from India, transformed his family's distillery business into a billion-dollar enterprise by recognizing and capitalizing on changing drinking habits in India. The journey began when a visit to Las Vegas in the early 2000s exposed him to the premium vodka market, inspiring him to...
India’s Emerging Single Malts a Force in the Industry
Sanjeev Banga, president of international business at Radico Khaitan Ltd., the parent company of Rampur Distillery, says,"The growing acceptance of Indian single malts globally bodes well for the growth of this category." India's single malt whiskey scene has undergone a significant transformation over the past 15 years, evolving from a...
Financial Times: India Now exports High Quality Whisky
India now accounts for almost one in every two bottles of whisky sold in the world. The country also recently leapfrogged France to become the world’s biggest market for Scotch according to a new article in the Financial Times of London India is also a major producer of whisky with...
Diageo's India Business Center May Serve 70 Global Markets
Diageo Enterprise Operations, which provides U.K.-based liquor company Diageo, its customers and suppliers with shared business functions, is located in India's southern city of Bangalore. The center will offer new services in the technical IT area – including data, analytics and technology and it will also establish “a robotics center of...