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Thursday, August 10, 2006

Wine or mobile: India home to big biz ideas

Wine or mobile: India home to big biz ideas
Import of fine wine to India could well become a big business idea for global entrepreneurs as the tastes of the country's fast-growing middle class are growing beyond swanky cars and jazzy mobiles and now include a bottle of Chardonnay.

Import of fine wine to India has emerged as one of the '12 best new business opportunities in the world' compiled by a Fortune group magazine.

The Business 2.0 magazine, a part of global media giant CNN-Time Warner Group, said in the cover story of its latest issue that the increasingly refined tastes of India's burgeoning middle class mean that the wine market in the country was set to grow ten-fold over the next decade.

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