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Alcohol producers welcome Gujarat govt allowing liquor sale in GIFT City, term it progressive bignewsnetwork.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bignewsnetwork.com Daily Mail and Mail on Sunday newspapers.
Jaxay Shah, CMD of Savvy Group, an Ahmedabad-based firm with a construction area of 4 million square feet in GIFT City, said, "It is a historical, progressive and bold step. GIFT City was competing in terms of infrastructure and was at par or even ahead of many international financial cities in the world. But now, with this move improving social life, it will attract local youths to the MNCs here."
Decision to allow "Wine and Dine" in GIFT City was taken to connect businessmen coming from abroad socially: Gujarat Minister aninews.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from aninews.in Daily Mail and Mail on Sunday newspapers.
Export of India-made spirits expected to surpass USD 1 billion mark webindia123.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from webindia123.com Daily Mail and Mail on Sunday newspapers.
The investment, valued up to Rs 6.75 billion, will catalyse the development and operation of the Bhogapuram International Airport (BIA), marking a key milestone in the financial partnership announced earlier this month, , Vishakhapatnam, airports
GMR Airports Infrastructure said the investment is part of the financial partnership announced on December 2022 between the two parties, in relation to investment by NIIF in the equity capital of three airport projects of GMR Airports.
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".
National Investment and Infrastructure Fund (NIIF), India's quasi-sovereign fund, has signed a pact to invest Rs 675 crore ($81 million) in GMR Visakhapatnam International Airport ......
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
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.