Sunil Singh
Dubai (ARE)
Role(s):
Founder/Owner/Principal
Samtecx
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Startup
Location:
Dubai
Industry:
Other
Year Founded:
2012
Number Employees:
1-10 people
Business Stage:
Creation/Idea
Entity Type:
Limited Liability Company
Description:
Winery setup in India.
MARKET SIZE
The prospects of growth for wine in India are quite high. About 600 million Indian’s are currently below the legal drinking age and 100 million will come of that age over the next 3 to 4 years. So, the consumption of alcoholic beverages such as wine is expected to increase. In spite of India’s high import tariffs on wine, this country was one of the world’s fastest growing wine markets. Until the year 2008-2009, growth was about 25% to 30% every year. However, sales fell in the year 2009-2010 for the first time since 2001. Wine exporters blame the slump on the 26/11 Mumbai terror attacks two years ago that led to a dip in tourism in India. Despite the recent setback, consumption of wine in India is projected to increase to 2 million cases by 2012 and 4 million cases by 2015.
COMPETITION
SULA, Grover, Four Seasons, Nine Hills & Zampa are the competitors in India. The industry is growing and will continue to grow over 25% for the next 10 years. This will provide the platform for our company to grow exponentially.
POTENTIAL
India consumes 10 ml per person per year against world average of 3.5 Ltrs. Wine industry in India is growing @ 25% p.a. for last 5 years and expected to grow @ 25-30% p.a. in next 10 years.
OPPORTUNITY
This is the right time to tap into this opportunity, establish and position ourselves to reap the maximum benefit.