Page 2 - Scotch Whisky

Indian single malts beat global brands, capture 53% sales in 2023: Report

The top Indian brands, which contributed to this milestone, included Amrut, Paul John, Radico Khaitan's Rampur, Indri, among others

India looks for greater mkt access for alcoholic beverages in FTA: Official

India looks for greater market access on a reciprocal basis for its alcoholic beverages while negotiating free trade agreements (FTAs), a senior government official said on Thursday. Additional Secretary in the Commerce Ministry, Rajesh Agrawal, said that demand for Indian spirits is growing in the world. "On the market access point of view, it is on a reciprocal basis. If we are opening up our market in any way...we also try to look for market access in other countries," he told reporters here. The remarks assume significance as India is negotiating a free trade agreement with the UK and the European Union (EU). Cutting customs duties in the sector is one of the key demands of these countries. "This is one of the areas (where) we are trying to negotiate upon and...we are trying to see that the duty concessions that are required in various destinations, we get (that)," he said. He added that the condition that for a product to qualify as a whisky, it must be matured for a period n

Raising the bar: How Indian whisky brands are making a splash in West

Whisky consumption in India is set to reach 289.49 million cases by 2027-28, according to a Research and Markets report

A rare 1926 Macallan whisky sold for a record price at a Sotheby auction

A 1926 Macallan whisky created history by selling at a record price of Rs 22 crore at a Sotheby auction in London. The whisky also has a label of Valerio Adami

Why Indian single malt whiskeys could soon turn the table on Scotch

Since scotch accounts for just 2% of the whisky consumed in India, the scope for expansion has distillers in Scotland fairly smacking their lips in anticipation

This Indian single malt won the best whisky award in 2023

India's single malt whiskey, Indri, was crowned as the Best Whisky at the 2023 Whiskies of the World Awards. Watch the video for the details

India's Indri whisky awarded world's best single malt; all you need to know

Indri whisky is the first Indian whisky to win this renowned award

From weddings to fancy distilleries, Asia taking over world's whisky market

Asia is where the longer-term growth will be, especially as you convert people from whatever the local whiskies are or the cheaper blends to more expensive whiskies over time

Demand for Indian single malt catching up with rivals from Scotland

The sales of Indian malt under Amrut brands have crossed the sales of Glenlivet 12 years old, which was the highest-sold Scotch in 2022

Govt likely to slash duty on UK cars, scotch whisky under trade pact

Striking a trade accord is critical for India's ambition to become a manufacturing powerhouse, while the UK is seeking to clinch new deals to highlight the benefits of Brexit

Tipping over tippling: Scotch consumption in India has doubled since 2020

In 2022, India became the world's leading Scotch export destination by volume

British Scotch companies seek safeguard against excise duty hikes

The organisation fears any import tariff liberalisation could be offset by increases in state-level taxes

India topples France as UK's largest Scotch whisky market; imports up 60%

India has overtaken France to become the UK's largest market of Scotch whisky in terms of volume with a 60 per cent hike in imports in 2022 over the previous year, according to the latest figures released by Scotland's leading industry body. The Scotch Whisky Association (SWA) revealed on Friday that India imported 219 million 70cl bottles of Scotch compared to France's 205 million last year representing growth of the Indian Scotch market of more than 200 per cent in the past decade. As one of the key sectors of focus for the UK in the free trade agreement (FTA) talks with India, now in their seventh round of negotiations, SWA pointed out that the hike in volume still makes up only a fraction of the Indian whisky market due to high tariffs. Despite double-digit growth, Scotch whisky still only comprises 2 per cent of the Indian whisky market, the association said. SWA analysis shows that a UK-India FTA deal which eases the 150 per cent tariff burden on Scotch whisky in India could

Alcohol sales in India rose to a four-year high in 2022, says report

The rise was the sharpest in premium products with their portfolio now accounting for a fifth of all the whisky sold in India

World's largest beer maker adds Budweiser Magnum whiskey to its India menu

India's love for darker spirits makes the world's largest beer maker enter the whiskey segment in the country

300 liquor stores, 4 microbreweries: Host of changes for tipplers in Delhi

Delhi is set to return to the old liquor excise policy regime, which includes opening 300 new liquor shops, and four microbreweries in the city

United Spirits to sell 32 liquor brands to Ravi Deol's Inbrew for Rs 820 cr

USL will retain McDowell's and Director's Special whiskey as it gives up labels like White-Mischief vodka and Honey Bee brandy.

Maharashtra govt cuts excise duty on imported scotch by 50%

The excise duty on imported scotch whiskey has been brought down from 300 per cent to 150 per cent of the manufacturing cost

Open to discussing import of scotch whiskey from UK in large amount: Goyal

India is committed to an FTA with the UK and it will also be good for Commonwealth countries, he added

World's most expensive bottle of whisky sells for 1.5 million pounds

The Macallan 1926 60-year-old single malt from cask number 263 had been expected to sell for up to £450,000