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GI-tag Food: The alcobev industry is poised to grow by around six per cent CAGR (compound annual growth rate) to reach USD 63 billion in the next five years from the current size of USD 51.7 billion, International Spirits and Wines Association of India Chief Executive Officer Nita Kapoor said. ....
Nita Kapoor, chief executive of the ISWAI, said: “The alcohol industry holds a vital position within the national economy, presenting opportunities for growth, job creation, and revenue generation. As we look to the future, the importance of the alcohol industry in India is poised to expand. Therefore, it is crucial to simplify its operational complexities, enhance its Ease of Doing Business (EODB), and unlock its full potential for growth.” ....
The prize carrying an amount of Rs 25 lakh is awarded each year to a distinguished work of fiction by an Indian writer. It is touted to be the most expensive Indian award for writing. ....
Diageo, which owns brands like Johnnie Walker, Black & White, Smirnoff and Vat 69, has welcomed the move as it will make liquor brands ‘accessible for consumers in Maharashtra’. ....