Aussie wine industry looks to India to absorb excess supply
Aussie wine industry looks to India to absorb excess supply
Jun 6, 2010 6
PERTH: Australia's wine industry, valued at ASD 5 billion, is keenly looking at India to stay afloat at a time when it is going through a crisis due to excess supply, a top official from the sector said here today."All major Australian companies, including the top four, are investigating joint ventures opportunities as also distribution alliances for their wine brands in India," Western Australian Wine Association President John Griffith told reporters here.He said that the Australian wine industry is "undergoing a period of crisis" as there is a supply glut in the domestic market.
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