India's wine boom going bust?
India's wine boom going bust?
Oct 9, 2011 6
(GlobalPost) - How do you make a million dollars in the wine business? Start out with a billion.
Unfortunately, nobody told Indian farmers that old saw, and now it looks like India's wine boom has gone bust.
Barely three years after the grape-growing region of Maharashtra went wine crazy -- even ordinary farmers were supposedly sipping cabernet, it appeared -- more than 40 percent of local wineries have shut down and local farmers have gone back to growing ordinary table grapes, the Indian Express reports.
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