The WSA Wine Challenge under the Wine & Spirits Asia 2010 will be part of the Food & Hotel Asia 2010 exhibition in Singapore, to be held on April 20-23, 2010. Last year, the festival was attended by 52,900 people.

The Indian wine industry is eyeing the event with anticipation.

"Despite a marginal drop in the Indian wine business of 10-15 per cent last year because of the downturn, we expect to recover with a 25-30 per cent projected growth rate this year," Shubhas Arora, president of the Indian Wine Academy, said.

Indian wine has a niche market in Asia, he said. "The Indian dry wines are popular in Singapore and in the rest of south-east Asia because the region has a large Indian population," Arora, who is on the panel of judges at the WSA Wine Challenge, said.

According to the Tourism Satellite Accounting (TSA) Research Report (2009), India is projected to become the fifth largest growing business destination from 2010-2019 with an estimated 7.6 per cent share.

More: Yahoo News