United Spirits Eyes Wine Export Opportunities

United Spirits (USL), the wine and liquor subsidiary of beverage major UB Group, has announced that it is to target wine exports, in addition to domestic wine consumption growth, in order to increase the contribution of its wine arm to group revenues. With global wine consumption growth strong, and with Indian wine sales forecast to increase by 78% in value terms to 2014, USL's strategy is likely to help support sustained strong sales growth. However, BMI would caution that challenges exist on both the domestic and international

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