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Export of India-made spirits expected to surpass USD 1 billion mark

Export of India-made spirits expected to surpass USD 1 billion mark
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alcoholic beverages exports: Export of India-made spirits expected to surpass USD 1 billion mark

The export of spirits manufactured in India is expected to cross $1 billion mark soon. Speaking on the subject, Agrawal stated, "Global market of alcoholic beverages stands today at USD 130 billion and Indian exports of these products was USD 325 million in 2022-23. As the global demand for Indian spirits is growing, we expect that in a few years exports of Indian spirits will cross USD 1 billion. In our negotiations for a free trade agreement with the countries we are trying to get duty concessions for Indian spirits".

Alcohol exports from India set to cross $1 bn as world raises a toast to Asian country s spirits

India s local spirits like Indri, Amrut, and Rampur by Radico Khaitan have gained popularity while exports could cross $1 billion in few years. Rajesh Agrawal, additional secretary at the commerce ministry, said the global demand for Indian alcoholic beverages is rising. Alcohol exports reached $230 million from April-Oct, aiming to surpass the previous year s $325 million by March 2024

India s alcoholic beverages exports to cross $1 bn in next few years

As against the exports of USD 325 million in 2022-23, the outbound shipments from the sector touched USD 230 million during April-October this fiscal, Additional Secretary in the commerce ministry Rajesh Agrawal told reporters here.

India s alcoholic beverages exports to cross USD 1 billion in next few years - Industry News

India s alcoholic beverages exports to cross USD 1 billion in next few years - Industry News
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