Blog: India - the wider the coverage, the bigger the potential
Olly Wehring | 7 February 2007
Last year, when we suggested that the UB Group were our company to watch on the international scene, a few people scoffed, pointing out that UB’s base was confined to India, which, whilst big, didn’t seem to be a market from which to launch global aspirations.
UB’s business, we were told, was too geared to the low margin Indian market to succeed on an international scale.
Of course, that story has moved on somewhat, with UB’s well-documented aspirations to acquire the UK drinks group Whyte & Mackay.
One of the advantages of working in a newsroom that also includes automotive, clothing, retail and food journalists is the perspective from outside the drinks industry this affords us - a perspective all too often lacking in the drinks industry I think, but that’s a blog for another day.
Anyway, an article on our automotive site - www.just-auto.com - caught my eye last week, which serves as a reminder of India’s growing power on the global scene. It covered the victory of Indian company Tata in a stock market auction for the European company Corus. The result has created the fifth biggest steel producer in the world.
If further evidence is needed of India’s growing reputation as a financial powerhouse, then watch out for a series of programmes on the BBC World Service this week, which asks whether India is set to be a world power. In one of these reports, Gerard Walsh, regional director for Asia at the Economist Intelligence Unit in London, says India is already close to being a US$1 trillion economy.
And if you measure it using purchasing-power parities - an alternative to exchange rates which accounts for different price levels between countries - India is already the third-largest economy in the world, behind only the US and China.
All the more reason, I’d say, to continue to watch this market and, perhaps more importantly, the companies that are already dominating there.
Forget gluten-free. Fodmaps are the latest food trend, and if you work in the soft drinks industry it is important to know where you stand with them....
Companies are very protective of their brand image. So it is refreshing to hear Diageo's Garbhan O’Bric, the global brand director for Baileys, speak the unvarnished truth when talking about the lique...
Alcohol companies love a good movie tie-in. A brush with Hollywood glamour seems to give marketers the warm and fuzzies, judging by the number of deals done over the past few years. The new James Bond...
just-drinks is in Cannes this week at the Tax Free World Association show. Here's the second part of Andy Morton's blog, which will keep you up-to-date at one of the most important dates in the Trave...
- How to turn a domestic spirit into a global brand
- Mahou San Miguel - just the Facts
- Whatever happened to binge Britain? - comment
- A game of two halves for Remy Cointreau - Analysis
- Britvic's FY Performance by Region - Focus
- Beam Suntory to sell brandy & sherry to Emperador
- Former Diageo exec joins William Grant in LatAm
- Captain Morgan distillation trial queried by USVI
- This week in spirits & wine
- Sazerac sues Brown-Forman over Tennessee Fire
- Global Beer Trends 2015 : Global Beer Trends and Long-term Forecasts
- Global sparkling wine insights - market forecasts, product innovation and consumer trends research
- Future growth opportunities for global spirits
- Global Beer Market 2015-2019
- Global Wine Market to 2019 - Market Size, Development, and Forecasts