Leading European wine maker eyes Indian joint ventureNovember 10th, 2008 - 9:14 pm ICT by ANI
By Ashwani Upadhyay
New Delhi, Nov 10 (ANI): The German wine-maker, Langguth Wine and Spirits, is looking for an Indian partner to set-up a joint venture in the country.
Helmut G Seibert, the Executive Director of the company reveals, “Yes, this is one point we are thinking at the moment. We look at the growing wine culture in India.”
Though, he declined to reveal other details, “At the moment, this yearit’’s little bit early to say anything more about it but possibly next year, we”ll be able to tell more on this.”
Famed for its international wine brand ”Blue Nun” across the globe, the sixth generation wine-maker from the Mosel region of Germany today launched two of its most popular wine brands Blue Nun from Germany and Kaya from South Africa in the Indian market.
An Indian lifestyle product company, “Natures Bounty Wine and Allied Products Private Limited” that has forayed in the market two years back, collaborated with the German major to market these brands in the country.
Going one step further with the Indian major to set-up a joint venture, he didn”t rule out the possibilities, “Nature’’s Bountythey are already in the business of growing fruits and they may decide to grow grapes as well and may bethis is the company we want to go with”, he reiterates.
One of the leading wine-makers of Europe, Langguth has its joint ventures across the globe and now it wants to make India, its next stop-over, “we are looking in that direction like we did in South Africa, like we did in Spain, North Africa, Chile and the United States”, says Seibert. (ANI)
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