Bacardi gears up for wholesale trading of imported brands.
Economic Times (New Delhi, India), January, 2006
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Byline: Boby Kurian
Jan. 17--BANGALORE, India -- Bacardi Martini India Ltd (BMIL) is the latest liquor MNC to move FIPB seeking wholesale trading permission for imported brands in the country. The company wants to take up wholesale trading in future to bring its international portfolio without participation by the third party bonders.
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The application listed for today's FIPB sitting is expected to be passed as similar permission has already been given to Seagram, Diageo, Kyndal and Mason & Summers. The trend is indicative of the growing pie for premium imported spirits in the ...
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