New Delhi, Dec 13 (PTI) Stringent tax policies and categorisation of wine as an alcoholic beverage have affected the growth of the wine industry in India, a wine manufacturer has said.

"In India, wine is considered an alcoholic beverage, unlike in Western countries. This categorisation has posed innumerable challenges to wine manufacturers and retailers," Puja Sekhri, Director of Fratelli Wines Private Limited, said in a statement.

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Sekhri said the stringent tax policies, inter-state policies and currency fluctuations have significantly affected the growth of the wine industry in India.

Winemakers from across the country, at the Vinexpo India and Sial India Summit last week, discussed the need for friendly policies to propel the wine market in India.

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The two events saw the participation of over 20 ambassadors and 300 exhibitors, who showcased a wide range of wines by national and international winemakers.

"Not only India is now the biggest market in the world, with over 1.4 billion inhabitants, but the appetite of the middle class for new and innovative products is amazing," said Nicola Trentesaux, Director, SIAL Group.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)