UB Group sets up United Vintners

ubgroup.jpg According to The Economic Times, the UB group, a leader in India’s spirit and beer market, has set up its first wine company in Maharashtra signalling hectic activity in the Rs 90-crore Indian wine industry which till now was cluttered with small and mid-sized players only. Industry experts estimate that wine sales in India are expected to reach 30-million bottles in the next five years, although there is no proper record of such figures.

It is also widely believed that rising incomes and an exposure to international fashion trends are popularising wine drinking in India. On a separate note, Maratha leader Sharad Pawar’s family could take up to 49% stake in UB chairman Vijay Mallya’s Four Seasons winery in Baramati, touted as the biggest wine project in India till date. Read the complete article.

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