NEW DELHI: India's wine exports may witness fourfold increase to Rs 100 crore by 2015 on the back of increasing production, as per the expectations raised by Commerce and Industry Minister Anand Sharma.
While addressing a function being organised by Agricultural and Processed Food Products Export Development Authority of India (APEDA), Sharma 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.”
At present, country's wine exports stands at Rs 25 crore. The vineyards are increasing in the country and simultaneously the production is growing.
The Indian wine industry is presently in a emergent stage but is expected to grow multi-fold.
Although the global wine market is dominated by French, Italian, Spanish and American wines, but Indian wines are also becoming popular in the overseas markets and also beginning to make an appearance at international food shows.
Currently, Indian wines are largely being imported by Malaysia, Japan, the UAE, Bhutan, Germany, the USA, the UK, Sri Lanka, Maldives and New Zealand.