Rapid Fire
APEDA to Boost Alcohol Exports Under ‘Make in India’ Initiative
- 16 Sep 2024
- 2 min read
The Agricultural and Processed Food Export Development Authority (APEDA) plans to promote both the Indian alcoholic and non-alcoholic beverages globallytargeting USD 1 billion in export revenue over the next few years, as part of the ‘Make in India’ initiative.
- As part of India's push to enhance its global beverage footprint, Godawan Single Malt Whisky, an artisanal whisky made in Rajasthan, India, is set to launch in the United Kingdom.
- India’s Alcohol Market: India currently ranks 40th in the world for alcoholic beverage exports. India is the 3rd largest market for alcoholic beverages in the world.
- India exported alcoholic products worth Rs 3,107.50 Crores (USD 375.09 Millions) during the year 2023-24. India’s imports of alcoholic beverages in 2023 reached USD 1 billion.
- Major Export Destinations are UAEs, Singapore, Tanzania, Angola and Ghana.
- Maharashtra has emerged as an important state for the manufacture of wines.
- India has 46 wineries, with 43 located in Maharashtra, where approximately 1,500 acres of grapes are cultivated for wine production.
- Maharashtra has declared the wine-making business as a small-scale industry and has also offered excise concessions.
- APEDA was established under the APEDA Act, 1985 and is mandated with the responsibility of export promotion and development of products like Alcoholic and Non-Alcoholic Beverages, Meat and Meat Products, Floriculture Products etc.
Read More: Industrial Alcohol Regulation
