Portal Login
© 2023 Vintage Acquisitions.
t: +44 (0)208 057 2001 e: info@vintageacquisitions.com · Established 2011
Vintage Acquisitions Vintage Acquisitions
  • Home
  • The Company
    • Who We Are
    • Why Use Us
    • Our Office
    • Our History
    • Vintage Whisky Group
    • Corporate Social Responsibility
    • FAQs
    • Video FAQs
  • Buy A Cask
    • Reasons To Buy
    • The Buying Process
    • Whisky Cask Ownership
    • Whisky Cask Investment Guide
    • Storage and Provenance
    • Trade Partnerships
    • Wholesale
    • Investment Portal
  • Sell A Cask
    • The Selling Process
    • Cask Valuation
    • Wine Valuation
  • Whisky By Regions
    • Whisky Distilleries
  • Market News
  • Contact
Portal Login
Vintage Acquisitions
Home / Industry News / Cheers! Boris’ India trade deal will work ‘beautifully’ with Scottish Whisky

Cheers! Boris’ India trade deal will work ‘beautifully’ with Scottish Whisky

By Vintage-Acquisitions inIndustry News, Portal
Originally Posted By www.express.co.uk

A TRADE deal with India could “work wonders” for Scottish trade if Boris Johnson is able to scrap tariffs, say industry experts.

India is the second largest importer of Scotch Whisky by volume, with the equivalent of more than 131 million bottles exported there in 2019. With the UK facing down a possible recession later this year, a trade deal with India that allows tariff-free exports could give the economy a much needed boost within the next few years. Garry Pickles of the British Whisky Company told Express.co.uk: “The deal would be huge for Scottish whisky makers.

“It would provide access to a massive market that promises a fantastic opportunity for one of Scotland’s main exports.”

India is the largest whisky market in the world – but Scotch Whisky makes up just 2 percent of the market, report the Scottish Whisky Association.

However, Gaurav Singh, founder of leading start-up investment bank JPIN emphasised the cultural relevance of Scottish whisky in India.

“It’s hard to think of more influential whisky companies in India.

“Many people love to take a tour up in Scotland of the breweries, it’s fascinating for us.

“It should work beautifully and work wonders for Scottish trade.”

The whisky market is also critical to Scots. Labour MSP Daniel Johnson told the Express: “People sometimes overlook just how important whisky is.

“With oil in decline it is our number one export and I think we very seriously need to have a greater focus on that”.

Such a trade deal does depend, however, on Boris Johnson securing a removal of the hefty trade tariff on whisky being exported to India.
At the moment, liquor coming into India is slapped with a 150 percent tariff.

Most whisky consumed in India is produced locally and high levies on imported liquor are an important source of revenue.
Professionals remain hopeful, however.

Jean-Etienne Gourgues, chair of Chivas Brothers, part of France’s Pernod Ricard group, told the Financial Times that “the odds have never been so high” that a trade deal would be reached.

He said scotch “is a very small portion of all the whiskies which are being enjoyed [in India].

“The midterm target would be to at least double the size of the market. And with the size of the population of the middle class, I’ve seen the appetite is extremely high.

“It should become one of the top markets.”

Free movement for citizens between the UK and India may be one of the demanded requirements for India to remove their lucrative tariffs from imported whisky.

Anne-Marie Trevelyan, UK trade secretary, has said that “everything is on the table” as the countries look to finalise a deal.

casksIndiarareTarrifstrade dealwhisky
72
Like this post
Vintage Acquisitions | Cheers! Boris’ India trade deal will work ‘beautifully’ with Scottish Whisky
86 Posts
Vintage-Acquisitions
  • ‘Forgotten’ 1988 Macallan cask fetches £915,500 after global bidding war at auction
    Previous Post‘Forgotten’ 1988 Macallan cask fetches £915,500 after global bidding war at auction
  • Next PostCask of rare Scotch whisky smashes world record with £16mn sale
    ‘Forgotten’ 1988 Macallan cask fetches £915,500 after global bidding war at auction

Related Posts

UK and India agree ‘£1bn’ Scotch whisky trade deal
Blog Industry News Portal

UK and India agree ‘£1bn’ Scotch whisky trade deal

UK and India Sign Landmark Free Trade Agreement: A Toast to Whisky and Economic Growth
Blog Industry News Investment Portal VA News

UK and India Sign Landmark Free Trade Agreement: A Toast to Whisky and Economic Growth

UK ministers head to India in search of trade deal they hope will boost economy
Blog Industry News Portal

UK ministers head to India in search of trade deal they hope will boost economy

Why the Chancellor’s Autumn Statement Makes Whisky Cask Investment More Attractive Than Ever
Blog Investment Portal

Why the Chancellor’s Autumn Statement Makes Whisky Cask Investment More Attractive Than Ever

Leave a Reply (Cancel reply)

You must be logged in to post a comment.

Company

Brooks & Whitaker Limited trading as `Vintage Acquisitions`, Whisky House, Unit 3, 2 Newhams Row, London, SE1 3UZ

tel: +44 (0)208 057 2001
email: info@vintageacquisitions.com

Buy A Cask

  • Reasons To Buy
  • Buying Process
  • Storage & Provenance
  • Cask Ownership
  • Trade & Wholesale
  • Client Portal

Sell A Cask

  • The Selling Process
  • Cask Valuation
  • Wine Valuation

Useful Links

  • Privacy Policy
  • Terms & Conditions
  • Cookie Policy
  • GDPR

Subscribe to newsletter

Vintage Acquisitions always recommend that you seek independent legal and financial advice prior to purchasing.

Company No. 7761569  |  VAT No. 127464313  |  WOWGR No. 127.4643.13/0001  |  Distributor of Denatured Alcohol DNA/209446  |  Excise ID. GBOG127464300  |  EORI No.: GB127464313000

vintage-acquisitions-logo

© 2025 Vintage Acquisitions

in
Call us: +44 (0)208 057 2001
Copy

Whisky Cask Investment Form