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UB Group to develop winery in India

Published:  23 July, 2008

Vijay Mallya's United Business Group (UB) to target export market.

India's wine market currently makes up less than 1% of the country's US$1.8billion (900million) alcoholic drinks market.

Around 7.8m bottles of wine were sold in India last year.

Foreign companies currently trading in India include Pernod Ricard and Diageo.

USL bought French champagne maker Bouvet-Ladubay in August 2006.