Anticipation Builds For LVMH's Nashik Sparklers from India
Filed under: Wine
The global wine industry took notice when LVMH's Moet Hennessy bought its first 150 tons of grapes that were crushed in Nashik, India, where about 60 wine producers call home.The Times of India quoted Indian wine writer, Alok Chandra as saying, 'Moet's move to enter India's wine sector is significant as it has a history of investing ahead of the curve in most big wine markets outside France.'
Moet's plan is to produce a local Nashik sparkling wine by 2012. In fact, the producer of Moet Chandon and Dom Perignon Champagne is buying land to construct a sparkling wine production facility over the next two years. [A Nashik vineyard pictured]
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