New Delhi, June 17 -- The International Spirits and Wines Association of India (ISWAI), the premier organization representing major premium alcobev corporations across the country, on Wednesday welcomed the official roll-out of the India-UK Free Trade Agreement. The apex body hailed the pact as a transformative milestone poised to supercharge bilateral commerce, foster robust sector development, and open up massive avenues of growth for the domestic alcoholic beverage market.

As the trade deal takes effect, the planned tariff cuts on Scotch whisky imports arriving from the UK-encompassing bulk Scotch earmarked for local bottling and blending operations-are anticipated to generate immense economic value across the entire spirits ecosystem...