India, Jan. 28 -- The Confederation of Indian Alcoholic Beverage Companies (CIABC) lauds the Indian Government on this historic Trade Agreement with the EU. A number of key concerns raised by the domestic Alcobev Industry seems to have been addressed though the domestic wine industry was hoping for a higher MIP (Minimum Import Price) threshold of 3.0 - 3.5 Euros than the 2.5 Euros been agreed upon.

"The Indian Government has done commendable work in finalising the India-EU FTA deal which will prove to be beneficial for both the trading partners. Our Government has had to do a fine balancing act between demands from domestic industry across sectors and the EU. Many industry sectors and services (IT, ITES) will benefit tremendously from th...