World Trade Centre along with Siddhi Management Consultants, Nasik organised an Interaction meet on “Export Potential of Indian Wine Industry” on 12th August at Emerald Park. The objective of this meet was to present the findings of an Intensive Research study on the above-mentioned topic to understand the competitiveness and scope of Indian wine internationally. This research threw light on certain interesting findings, which would be useful to the Wine Industry.
Where the per capita consumption of wine in European countries is 60 litres it is less than one litre in India goes to show the scope for Indian wine abroad if marketed properly. One of the useful findings was that Germany today has emerged as the top market for Wine Exports overtaking UK which is often called as the ‘crucible” of the Wine Trade due to its traditional consumption of wine since centuries.
Among various recommendations proposed by Mr. Pankaj Muthe of Siddhi Management Consultants during his one hour presentation include introducing a basket of other products with wine, adhering to quality measures, developing a consolidated marketing campaign of all wine companies and developing “Brand India” to beat the competition.
At the local level, “Wine Tourism” should be developed so that the taste of people develops and this platform can also be utilised to showcase cultural products of that particular region.
The formation of World Wine Trade Group and the Mutual Acceptance Agreement were highlighted in the growing dynamics in this industry globally.
This meet was attended by Executives from Wine Companies and Exporters from various parts of Maharashtra and they interacted freely in discussing what could be done to improve India’s position in Wine exports.
Among the dignitaries on the dais included Mr.JP Ghate –Dy. Director MVIRDC World Trade Centre, Mr. AO. Kuruvilla-Manager-Research-MVIRDC World Trade Centre, Mr.Pankaj Muthe-Director-Siddhi Management Consultants, Mr.Ramesh Pawar- Pawar Exports, Mr Balasaheb Kshirsagar- Chairman-Maharashtra Rajya Drakshya Bagayatdar Sangh (Nashik), Mr Pradeep Pachpatil- GM-Sula Vineyards
The findings of the research along with changes after the discussion will be compiled in a soon to be released book and will be made available by The World Trade Centre soon.
Summary About Siddhi Management Consultants:
Siddhi Management Consultants (SMC) is a firm that specializes in Market research, Strategy, Strategic Tie ups and Training in India. Siddhi Management Consultants was founded in 2000 by Management Professionals. The team of SMC consist of Technical & Management Professional experienced in the areas of Finance, Marketing, Human Resources, Production, Research and Systems.
SMC has grown manifold not only in business but also in gaining valuable experience across diverse industries that includes Retail, Airlines, Hospitality, Entertainment, Construction, Poultry, Foods, Jewellery, Finance, Agriculture and Engineering.
SMC is based in Nasik in the Western State of India and has associates in all major cities in India that includes the four metros-Mumbai, Delhi, Kolkata, Chennai and semi-metros like Pune and Bangalore.
Our associates also span across the International arena in USA and Germany.
Our clients include World Trade Centre, Reserve Bank of India, Colliers Jardine, Hero Honda, Maharashtra Economic Development Council, Godrej, Kinetic Engineering, Thermax, Dataquest, CMS and Popcorn Entertainment to name few.
www.siddhimanagement.com