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Article: Grape Expectations; With demand up, India's wine industry is taking off.
- Article from:
- Newsweek
- Article date:
- May 28, 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 2, 000 acres of vineyards in India. He's also looking to purchase wineries in South Africa, ...
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Article: Chateau Indage, Monsieur? India is developing a taste for ...
Business Today;
October 9, 2005 ;
700+ words
... ... beginning to realise why. Urban India's drinking habits are evolving ... the dynamics of the wine trade. Sula Vineyards Managing Director Rajeev Samant points ... that 38 wineries have come up in India over the last five years. Clearly ...
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