CIABC says India aims for 1 billion USD in alcobev exports

India is aiming to achieve 1 billion USD in alcoholic beverage exports with support from both central and state governments, according to Anant S. Iyer, Director General of the Confederation of Indian Alcoholic Beverage Companies (CIABC).

He emphasised the need for streamlining bottling, branding permissions, transport permits, and simplifying tax structures to improve ease of business. Anant also highlighted the importance of online operations to drive growth of India's alco-beverages industry and called for specific state policies and incentives.

He also urged leveraging Indian missions abroad to promote exports of alco-beverages. Currently, India ranks 40th globally in alcoholic beverage exports, with major markets include the UAE, Singapore, and the Netherlands.

The Agricultural and Processed Food Products Export Development Authority (APEDA) noted that with these measures, the sector could achieve a year-on-year growth rate of 14-15 percent.