Whiskey
After the Free Trade Agreement (FTA) between India and Britain, there is a preparation to cut tax on many goods in both countries. Its benefit will be given to companies of various sector. Especially alcohol -making companies in India are excited about this agreement. They believe that their profit margin will be improved and the speed of business will increase by getting concessions in the duty of Scotch whiskey.
According to companies, India -made foreign liquor (IMFL) will reduce production costs on wholesale scotches used in the bulk scotch. Due to this, premium spores will become more economical in the Indian market. Significantly, India is the largest whiskey market in the world. In such a situation, the cost of whiskey may fall down and consumers can get better quality liquor at a cheaper price.
Tax will be reduced from 150% to 75%
Under the recently announced India-Britain Trade Agreement, India will reduce the British whiskey and the import duty from 150% to 75% and 40% in ten years. Domestic liquor companies are expected to benefit from this decision. Companies such as Radico Khaitan, Allied Blenders and Distillars (ABD) and John Distiller have said that this will provide more options to Indian consumers and give them easy access to better quality spirit.
Radico Khaitan, who is the largest importer of Scotch whiskey for the mixture and ‘Rampur’ single malt and ‘Jaisalmer’ are owned by brands like Indian Craft – said that fee reduction will save notable saving costs. According to the company’s managing director Abhishek Khaitan, Radico Khaitan is planning to import Scotch malt worth ₹ 250 crore in FY 2025-26, and it can prove to be a major benefit for the FTA company.
Indian consumers will get more options
Officers’ Choice Whiskey, the manufacturer, Allied Blenders and Distillers (ABD) has said that the Indo-Britain Trade Agreement has created new opportunities for cooperation and products ranging from super-pamrime to luxury portfolio will now be more accessible to consumers. According to the company, this agreement will give consumers better access to a broad range of high quality spirit. According to data from the Scotch Whiskey Association, India became the largest market for Scotch in 2024, from where 19.2 million bottles were exported. However, India finished fourth according to the price, from where a total of 24.8 million pounds were exported.
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