IndoBevs invests over ₹200 crore in Muzaffarnagar malt distillery
BroCode maker IndoBevs is building a greenfield malt distillery in Muzaffarnagar as it broadens its portfolio, targets 30–35% growth this year and expands exports from 11 to 30 countries. The company also plans an IPO within three years.
IndoBevs says lower UK liquor duties will raise Scotch competition but improve Indian alcobev quality. The BroCode maker is investing over ₹200 crore in a Muzaffarnagar malt distillery, broadening its portfolio, targeting 30-35% growth and planning an IPO within three years.
Why this matters
IndoBevs' malt-distillery investment follows the India-UK FTA cutting Scotch duty to 75%, increasing pressure on young domestic single malts as the company builds capacity and expands exports.
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