INDIA: Champagne Indage in winery expansion
Champagne Indage is planning to set up seven greenfield wineries across the country over the next two years with an investment of INR350m (US$7.6m).
The company is looking at creating capacity of 1m litres at each of these wineries in two phases. The sites will be built in two phases, with the wineries producing 500,000 litres after the first phase of construction.
The initial investment for the project will be INR 210m with a further investment of INR140m at the time of capacity increase. The seven wineries will be operational within the next two years and will be built at Goa, Pondicherry, Karnataka, West Bengal, Assam, Uttar Pradesh and Ratlam city in Madhya Pradesh.
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