“With the duty cuts announced in the 2002/03 budget, the market for Scotch whisky in India should go up significantly,” said Highland’s managing director in India, Dinesh Jain. “Our belief is that this segment will grow at a compounded annual rate of 20% to 25% ’til 2004.” Scotch whisky sales currently stand at around 837,000 9-litre cases per year.
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