Business · Trade · 9 hrs ago

Nashik company ships wine equipment to Italy as Indian market grows

Nashik company ships wine equipment to Italy as Indian market grows

Nashik-based Envision Equipments shipped two wine tanks to Italy earlier this month, marking a first for the company.

Italy is a major centre for wine-machinery manufacturing, and the equipment is travelling from Mumbai’s Nhava Sheva port to Florence.

The shipment is small, but Indian wine-processing equipment has also gone to countries including Nepal, Sri Lanka and Uganda.

Machinery makers say their bigger opportunity is in India, where winery growth depends partly on state rules and support for new businesses.

Fruit-based wineries are appearing beyond traditional grape-growing areas, including in Uttar Pradesh, and could expand in states such as Rajasthan and Uttarakhand.

India has about 140 wineries, but only 50 to 60 are fully operational; the market is projected to grow to $2.6 billion by 2033.

Some state governments are consulting stakeholders about easing winery rules, and the industry’s next steps depend on whether those changes make it easier to set up wineries using locally grown fruit.

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What people are saying

Harsh JhaManaging director of Envision Equipments
What we have just exported is a small consignment, worth about 21,000, and we are in talks with our Italian buyer to export another 10 machines. But symbolically, it means a lot-Make-in-India wine equipment being shipped to none other than Italy,
via Economic Times
Neeraj AgarwalNashik-based wine consultant and former Sula Vineyards executive
Of late, UP has emerged as a new hotspot, with demand for wine equipment growing there. In fact, the emergence of fruit-based wineries beyond grapes could redraw India's wine map,
via Economic Times
Gurdeep SinghCEO of Fabtech Innovations
But I believe our growth will come increasingly from domestic wineries, provided more states relax their policies and make it easier to set up new wineries,
via Economic Times