INDIA/UK: Jagatjit Industries acquires George Sinclair & Sons Scotch brands - report

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Jagatjit Industries has acquired a number of Scotch whisky brands from George Sinclair & Sons, according to local reports. 

Deepankar Barat, president of the Delhi-based group, was cited late last week as saying that Jagatjit has acquired a “few” brands from the Scottish distiller, the Economic Times reported. “The first one King Henry VIII is being introduced in select markets right now. This will be followed by Clan Sinclair,” Barat was reported as saying. 

Financial details of the deal are not being disclosed “at the moment”, Barat added.

Jagatjit Industries currently owns the Aristocrat whisky and vodka brands, both of which operate in the country's “prestige sector” with a RRP of INR180 (US$3.30) per bottle. 

Wider interest in India's burgeoning whisky market has increased after Diageo announced earlier this month that it had agreed to take a 53.4% stake in United Spirits.

India's duty rate on Scotch imports is currently 150%, but this is expected to fall as the country looks at lowering its economic barriers to international trade.

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