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Article: Grapes of Their Own; India's middle class embraces wine.
- Article from:
- Newsweek International
- Article date:
- April 30, 2007
- Author:
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Byline: Ron Moreau
Local farmers supplying grapes to Sham Chougule, owner of India's Chateau Indage Estate Vineyards, call him "the Wine King," and with good reason. The 72-year-old entrepreneur owns a whopping 70 percent of the small but rapidly growing Indian wine market. Over the past three years, the stock price of Chougule's publicly traded company has doubled, giving Indage a market capitalization of $170 million. Now he's going global, with a purchase of Australia's seventh largest winery. He plans to spend $27 million to modernize his company and acquire an extra 810 hectares of vineyards in India. He is also looking to purchase wineries in places like ...
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India Wine Country
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March 19, 2008 ;
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...Workers paste labels on wine bottles at the Sula winery in Nashik, about 160 kilometer (100 miles) north-east of Mumbai, India, Thursday, Feb. 14, 2008. This sleepy town in western India, long famous for its grapes, has become the ...
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