Increased travel, wealth spur India's wine boom
Increased travel, wealth spur India's wine boom
Sep 10, 2011 6
Cash-rich emerging Asian markets, especially India, could see an explosion in wine consumption in the future - if their government scraps import taxes altogether, the way Hong Kong did in 2008, maintains wine expert Jeannie Cho Lee.
That move ushered an explosion in fine wine consumption and sales in all of greater China - including Hong Kong, Macau, and on the mainland - accompanied by frenzied wine auctions and an insatiable demand for wine storage and logistics.
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