India: Moet high on Nashik grapes
India: Moet high on Nashik grapes
Feb 16, 2011 6
MUMBAI: There was a surprise buyer for grapes just as the crushing season began in India's wine heartland Nashik this month. Global luxury group LVMH's company Moet Hennessy, in a first-time move, has crushed about 150 tonne of grapes as it looks to come out with locally produced sparkling wines sometime in 2012. This could revive the spirits of the fledgling domestic wine industry-dismissed as more of hype in recent past-and the grape farmers who have invested anticipating consumption boom.
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