15.09.2011 - Vinexpo news selection
Cash-rich emerging Asian markets, especially India, could see an explosion in wine consumption in the future - if their government scraps import taxes altogether, the way Hong Kong did in 2008, maintains wine expert Jeannie Cho Lee.
That move ushered an explosion in fine wine consumption and sales in all of greater China - including Hong Kong, Macau and on the mainland - accompanied by frenzied wine auctions and an insatiable demand for wine storage and logistics.
Given its status as a market with a huge population rivaling that of China, India's potential as a wine market looks just as exciting, said Lee, a Master of Wine who has written several books on the subject. (The Economic Times India – 7 September 2011)