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
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
Indri whisky is the first Indian whisky to win this renowned award
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
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
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
In 2022, India became the world's leading Scotch export destination by volume
The organisation fears any import tariff liberalisation could be offset by increases in state-level taxes
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
The rise was the sharpest in premium products with their portfolio now accounting for a fifth of all the whisky sold in India
India's love for darker spirits makes the world's largest beer maker enter the whiskey segment in the country
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
USL will retain McDowell's and Director's Special whiskey as it gives up labels like White-Mischief vodka and Honey Bee brandy.
The excise duty on imported scotch whiskey has been brought down from 300 per cent to 150 per cent of the manufacturing cost
India is committed to an FTA with the UK and it will also be good for Commonwealth countries, he added
The Macallan 1926 60-year-old single malt from cask number 263 had been expected to sell for up to £450,000
Data published by the Scotch Whisky Association this week, exports to India increased by 44.4% to over GBP 56 mn followed by China, which was up by 34.8% to GBP 36.3 mn
Scotland, the world's biggest whisky seller, exports more than 1 billion bottles a year
Ten years ago there were only 3 distillers in Tasmania. Now there are 22, and with sales growing by more than 50% in the two years to June 2015
Scotch whisky exports rose 3.1% in the first six months of 2016