Sign In
Learn bits
Economy
Mahesh

11/06/22 13:44 PM IST

London Wine Fair

In News 
  • In a bid to give a boost to the export of Indian wine, the Agricultural and Processed Food Products Export Development Authority (APEDA), which works under the aegis of the Ministry of Commerce and Industry, facilitated participation of ten exporters in London Wine Fair, 2022.
About Wine Fair
  • The London Wine Fair organised during June 7 - 9, which is regarded as one of the world’s most important wine trade events.
  • Indian exporters who participated in the London Wine Fair are Resvera wines, Sula vineyards, Good drop wine cellars, Hill Zill wines, KLC wines, Soma vine village, Grover Zampa vineyard, Plateaux Vintners, ASAV vineyards and Fratelli vineyards.
Indian Wine Industry 
  • India is the third-largest market for alcoholic beverages in the world, there are 12 joint venture companies having a licensed capacity of 33,919 kilo-litres per annum for the production of grain-based alcoholic beverages.
  • India has exported 2.47 lakh metric tonne of alcoholic products to the world for the worth of USD 322.12 million during 2020-21.
  • The major export destinations of Indian alcoholic products in 2020-21 were United Arab Emirates, Ghana, Singapore, Congo, and Cameroon, etc.
  • Maharashtra has become an important state for wine manufacturing as there are more than 35 wineries in the state.
  • Around 1,500 acres are used for grapes cultivation for wine production in Maharashtra. 
  • Indian Wine industry has grown at compound annual growth rate of 14 per cent during 2010 to 2017 making it the fastest growing industry under alcoholic beverage in the country.
Source- PIB 

More Related Current Affairs View All

05 May

Key objectives of caste count

'The Union Cabinet has decided that the next Census will include questions on caste to its enumeration of India’s population, for the first time in almost a century. ' T

Read More

05 May

2 new genome-edited rice varieties

'Agriculture Minister Shivraj Singh Chouhan recently released two genome-edited varieties of rice, the first achievement of its kind in the country.' These two varieties, which

Read More

05 Mar

First-ever comprehensive survey of India’s river dolphins

'Prime Minister Narendra Modi released the results of the first-ever comprehensive population estimation of riverine dolphins – Gangetic and Indus dolphins – done in In

Read More

India’s First Ai-Driven Magazine Generator

Generate Your Custom Current Affairs Magazine using our AI in just 3 steps