Indian distillers expect India-UK FTA duty cuts on scotch to boost growth

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Indian distillers expect India-UK FTA duty cuts on scotch to boost growth - Business Standard

Quick Summary:

A lower customs duty on bulk Scotch, used by many Indian Made Foreign Liquor (IMFL) companies for blending, will reduce costs and make premium spirits more affordable in the Indian market, which is the world's largest for whisky, they added.

Indian premium whisky distillers expect that the duty concessions on Scotch imports under the India-UK free trade agreement will help improve their margins and speed up growth.

Home-grown players like Radico Khaitan, Allied Blenders & Distillers (ABD), and John Distilleries said the move will give Indian consumers more choices and better access to high-quality spirits.