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Saturday, Dec 07, 2019

Scotch exports in India reach global high

The spurt in Scotch exports to India has been recorded after the Govt abolished additional import duty on imported spirits last year.

business Updated: May 01, 2008 15:54 IST

PTI
Hindustantimes
         

Growing demand from Scotch whisky lovers in India has driven global exports to a record high, according to the latest industry figures released by the Scotch Whisky Association (SWA).

The spurt in Scotch exports to India has been recorded after the government abolished additional import duty on imported spirits last year.

Exports to India rose by 36 per cent worth 33 million pounds. The Scotch whisky industry believes India is one of the largest markets and exports to that country are set to rise exponentially due to the growth of the middle class.

The figures show that Scotch whisky exports earned 90 pounds every second for the UK balance of trade last year, with the value of shipments increasing by 14 per cent to reach a new record of 2.8 billion pounds.

The SWA revealed export volume was also at a historic high in 2007, growing 8 per cent, with the equivalent of 1,135 million bottles of Scotch whisky shipped overseas.

Bottled blended Scotch whisky exports broke the 2 billion barrier for the first time, with shipment value up 15 per cent (to 2.22 billion pounds). Bottled malt exports also rose by 11 per cent in value (to 454 million pounds).

SWA Chairman Paul Walsh said: "This record export performance generating 90 pounds every second for the UK balance of trade underscores just how important Scotch whisky is to our economy."