Indian wines were
less known to the world until the last decade when policy makers made
remarkable changes in terms of policies and encouraged investments attracting
entrepreneurs to the industry. Vineyards flourished in the state of Karnataka only
after the change in policy in the year 2007. Before the change of these
policies, Indian wines were priced
below Rs 500 giving a clear demarcation from the imported wines which were
priced above Rs 1000. Indian wines
are in their evolving stages or what in business is better known as the boom
stage. Entrepreneurial interest has taken this industry to new heights.
The Indian perception of the trade off between price and
quality has increased the perceived quality of Indian wines. Indian wines are today priced at double the prices of the past. A reason for the same is the
adherence of international quality standards being followed by Indian wine
manufacturers. It’s not just the increased investment in the industry but also
the knowledge of the process that entrepreneurs are willing to acquire and
finally implement their learning about the process. “Even good grapes can make
bad wine”, but with increased awareness of the quality standards and the
process premium quality Indian wines
are produced in India.
Although, wine brands
in India are less recognized, they have gained popularity in the recent past.
With the brands becoming recognized, the pricing strategies would change and an
increase in the prices would be seen. It becomes a circular trend of increasing
price, quIndian wines has seen a change. Indian wines from being perceived as low quality, economic wines
are now perceived as high quality world class wines.
ality, changing perception and finally building brand. Apart from just
the individual companies, the overall perception of the
Super premium Indian red wines have gained an importance
place on the world wine map. Another beverage gaining importance in the Indian
food and beverage industry adds to the overall GDP of the country and adds to
the pride of the India. Indian wines
are a sure try if you’re visiting India. Trying it directly at the vineyards is
one of the best options, or a plethora of Indian restaurants where Indian wines can be enjoyed can be
discovered too. The final option of enjoying these wines is at homes where
family and friends can enjoy together.
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