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UK Scotch whisky makers cheer news of FTA with India, eye expansion

Global Scotch whisky producers are eagerly eyeing India after New Delhi and London concluded their long-awaited free trade agreement (FTA), as lower tariffs are set to propel sales in the world’s largest market for the popular alcoholic drink. Finalised last month, the deal will lead to India halving its levy on British whiskies and gin from 150 per cent to 75 per cent starting from the middle of next year, and reducing it further to 40 per cent over a 10-year period. While this could make...


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