Trade lobby urges caution on U.K.-India FTA
1 year, 10 months ago

Trade lobby urges caution on U.K.-India FTA

The Hindu  

NEW DELHI A leading alcohol beverage industry organisation has cautioned the government to “tread carefully” on the planned free trade agreement with the U.K., citing largescale increase in import of scotch whiskey from the United Kingdom. This is also supported by the Government of India import data, which shows that the import of Scotch whiskey grew by 148% in the period April to September 2022 over the same period previous year,” said Vinod Giri, Director General of Confederation of Indian Alcoholic Beverage Companies. In comparison to the massive increase in import of scotch whiskey, the domestic industry “grew by just a little over 20%,” said Mr. Giri. He argued that the growth in the sale of scotch whiskey even without the FTA between the U.K. and India places a question mark on the “very need for an FTA.” “We also wish to highlight the importance of having a minimum entry price of $5 per bottle for a product to avail concessions under the FTA.

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History of this topic

India-UK FTA talks likely to resume in April-June to resolve pending issues
1 week, 1 day ago

India-UK FTA talks likely to resume in April-June to resolve pending issues

Live Mint  

New Delhi: India and the UK are expected to restart talks on their proposed free trade agreement between April and June, the first quarter of the UK’s fiscal year, two people aware of the matter said. However, with the change in leadership in the UK, it is not yet certain that the 14th round of talks, which began in January, …

‘Indian distilleries can compete with foreign liquor brands’
1 month, 1 week ago

‘Indian distilleries can compete with foreign liquor brands’

New Indian Express  

“The tariff should be reduced, but Indian companies should also be able to do business there. They use non-tariff laws such as ageing and maturity eligibility to restrict access to Indian brands. The ongoing India-UK trade agreement raises hope of reduction of 150% tariff on Whiskey from Scotland and the UK. According to the Ministry of Commerce, India imported $354 …

Cask a spell: India, the world’s largest whisky market, is changing
8 months ago

Cask a spell: India, the world’s largest whisky market, is changing

Hindustan Times  

There’s something brewing in the whisky aisle. Until about 15 years ago, the world’s largest whisky market relied on imports for its single-malt tipple. The whisky made by early Indian distilleries such as Piccadily in Punjab and Rampur in Uttar Pradesh were sought-after for their price, not their aged excellence, and so they used a mix of local grains and …

India okay for Scotch whisky import, conditions apply
10 months, 2 weeks ago

India okay for Scotch whisky import, conditions apply

Live Mint  

With the proposed India-UK free-trade agreement in the last leg of discussions, Indian negotiators proposed to allow Scotch whisky import in barrels and bottles, but will bargain for mobility and migration related issues, two officials who are part of the negotiating team said. The 14th and final round of discussions for the India-UK FTA, which started on 10 January, is …

Vantage | How young Indians have kept global alcohol market in high spirits
1 year ago

Vantage | How young Indians have kept global alcohol market in high spirits

Firstpost  

Despite only a small proportion of Indians drinking Scotch, India has become one of the largest exporters of this renowned spirit In recent years, India has emerged as a significant player in the global alcohol market, capturing attention as the world’s fifth-largest economy and the fifth-biggest alcohol market. With a market worth approximately $52 billion, India’s influence in the industry …

This Indian whisky, named world's best, is giving tough competition to global brands
1 year ago

This Indian whisky, named world's best, is giving tough competition to global brands

India Today  

Oak casks, once used to store bourbon and wine, are stacking up in a distillery near New Delhi, filled with ageing whisky as workers churn out almost 10,000 bottles a day of Indian single malt Indri, recently named the world's best whisky. In response to the drink-India trend, global brands that have focussed on single malts aged in Scotland are …

India-UK trade Pact Talks At Advanced Stage, Ironing Out Differences: Govt
1 year, 2 months ago

India-UK trade Pact Talks At Advanced Stage, Ironing Out Differences: Govt

ABP News  

The negotiations for the proposed free trade agreement between India and the UK are at an advanced stage, and both sides are working to iron out differences on the remaining issues, a top government official said on Friday. India and Britain launched the talks for the free-trade agreement in January 2022 with an aim to conclude talks by Diwali, but …

India-UK trade deal: Cheaper scotch whisky and cars on the cards, know reasons for delay in pact
1 year, 4 months ago

India-UK trade deal: Cheaper scotch whisky and cars on the cards, know reasons for delay in pact

India TV News  

India and the United Kingdom could finalise the much-awaited deal on trade, dubbed as a free trade agreement later this month. Although there was no official confirmation about whether the deal would be signed by this month, the New Indian Express quoting sources claimed officials of both nations are "hopeful" to pinnacle of the negotiations. According to reports, the deal …

Imports of UK bulk whisky may attract tariff concessions
1 year, 5 months ago

Imports of UK bulk whisky may attract tariff concessions

Live Mint  

NEW DELHI : India is considering offering higher tariff concessions for bulk whisky imports compared to bottled whisky as part of the ongoing India-UK free-trade agreement negotiations. Meanwhile, local liquor producers are concerned that the India-UK FTA might lead to a surge in whisky imports, posing a threat to Indian liquor producers, already facing fierce competition from the UK, the …

Whiskey makers flag Scotch imports from 3rd countries
1 year, 9 months ago

Whiskey makers flag Scotch imports from 3rd countries

Live Mint  

New Delhi: Indian whiskey makers said a spike in imports from the UK via trans-shipment hubs such as the UAE and Singapore could force local units to shut shop, and urged the government to tighten the rules. Their concerns come at a time when India is engaged in talks with the UK for a free trade agreement that could see …

Cheers! India Topples France as UK’s Largest Scotch Whisky Market
1 year, 10 months ago

Cheers! India Topples France as UK’s Largest Scotch Whisky Market

News 18  

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 figures from Scotland’s leading industry body. The Scotch Whisky Association said that India imported 219 million 70cl bottles of Scotch compared to France’s 205 million last year …

Diwali Deadline Crossed, Can New PM Rishi Sunak Spread Christmas Cheer With Push to India-UK Trade Deal?
2 years, 1 month ago

Diwali Deadline Crossed, Can New PM Rishi Sunak Spread Christmas Cheer With Push to India-UK Trade Deal?

News 18  

This Diwali was extra special for India. Joyous after defeating arch-rival Pakistan in the first match of the ICC Cricket T20 World Cup, India added yet another feather in its cap as Rishi Sunak was elected UK’s prime minister, replacing the humiliated Liz Truss. India’s main exports to the UK include ready-made garments and textiles, gems and jewellery, engineering goods, …

Not working to Diwali deadline for India trade pact, says U.K. trade minister
2 years, 2 months ago

Not working to Diwali deadline for India trade pact, says U.K. trade minister

The Hindu  

The free trade agreement negotiations with India are no longer working towards a Diwali deadline, U.K. Trade Secretary Kemi Badenoch has confirmed. During a visit to a Scotch whisky distillery on October 13, the Cabinet minister in charge of the FTA negotiations at the Department for International Trade said the deal being lined up with India would bring great wins …

India’s trade negotiations should not lose momentum
2 years, 5 months ago

India’s trade negotiations should not lose momentum

Live Mint  

India has fast-tracked its trade negotiations recently, giving priorities to making India a bigger player in global value chains. For example, in alcoholic beverages, UK companies are among the biggest investors and largest suppliers of whisky and intermediate products used for manufacturing in India, yet we have made no commitment to open up the market even after four rounds of …

Chinese develop their taste for scotch whisky
2 years, 8 months ago

Chinese develop their taste for scotch whisky

China Daily  

Tourists attend a whisky tasting event in Scotland. Consumption evolving Oksana Pevtsova, regional president for eastern Europe and Asia at Bacardi, one of the world's largest privately-held spirits companies, said the Chinese market is extremely dynamic and consumption trends in the country continue to evolve. According to the Scotch Whisky Association, desire among Chinese consumers saw the value of single …

Whisky for visas: India, UK start post-Brexit trade talks
2 years, 11 months ago

Whisky for visas: India, UK start post-Brexit trade talks

India Today  

Britain and India began hammering out a post-Brexit trade deal on Thursday, with London seeking a cut in tariffs on Scotch whisky and greater access to the Asian giant's services and tech sectors. India, which is notoriously reticent about lowering trade barriers and was dubbed the "tariff king" by former US president Donald Trump, wants in return to make it …

Scotch whisky makers welcome suspension of costly US tariffs
3 years, 6 months ago

Scotch whisky makers welcome suspension of costly US tariffs

Associated Press  

LONDON — Scotch single malt whisky makers breathed a sigh of relief Thursday after the United States agreed to suspend tariffs on one of Scotland’s main exports in the wake of the resolution of a long-standing transatlantic trade row over subsidies to aircraft companies Boeing and Airbus. Tai said the agreement, in which both sides also agreed to form a …

India-UK food trade: The case for tariff liberalization
3 years, 7 months ago

India-UK food trade: The case for tariff liberalization

Live Mint  

India and the UK’s trade relationship has seen a new dynamism post-Brexit, as the two countries signed the Enhance Trade Partnership in February 2021. Given the positive trade balance in favour of India, and the untapped bilateral trade potential on both sides, there is no doubt that food and drinks should be a key sector for liberalization under the early …

The frisky business of Indian whisky
3 years, 9 months ago

The frisky business of Indian whisky

Live Mint  

How Indian is Indian whisky? Khanna, who launched India’s newest whisky called Kamet Whisky earlier this month, says that regulation would be a good thing for Indian whiskies, too. Uday Balaji, founder of The Whisky Advisor, which conducts whisky experiences and a whisky ambassador certification course, says that well-known single-malt Indian producers such as Rampur, Paul John and Amrut already …

Union Minister Piyush Goyal Says Looking At Import Of Scotch Whiskey Into India From UK In Larger Measure
4 years, 3 months ago

Union Minister Piyush Goyal Says Looking At Import Of Scotch Whiskey Into India From UK In Larger Measure

News 18  

Union Minister of Commerce & Industry Piyush Goyal at an event on Tuesday said India is open to importing scotch whiskey into India from UK in a larger measure. “Bilaterally always simpler to engage, open to discussing import of scotch whisky into India from UK in a larger measure. “There are many industries which have huge potential to work with …

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