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Investigating Regulatory Challenges in India's Wine Industry: A Path to Policy Reform for Sustainable Growth

Investigating Regulatory Challenges in India's Wine Industry: A Path to Policy Reform for Sustainable Growth
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Author(s): Balraj Benedict (Chandigarh University, India)and Kiran Shashwat (Chandigarh University, India)
Copyright: 2024
Pages: 18
Source title: Dimensions of Regenerative Practices in Tourism and Hospitality
Source Author(s)/Editor(s): Pankaj Kumar Tyagi (Chandigarh University, India), Vipin Nadda (University of Sunderland, UK), Kannapat Kankaew (Burapha University International College, Thailand)and Kaitano Dube (Vaal University of Technology, South Africa)
DOI: 10.4018/979-8-3693-4042-4.ch009

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Abstract

The investigation of regulatory issues in India's wine business, as summarized in the research, explores the complexities and obstacles that the industry must overcome. The goal of the research is to find opportunities for policy reform that can lead to sustainable growth through a thorough analysis. This study explores the complex regulatory environment of the Indian wine sector, highlighting obstacles from the perspectives of law, economy, and culture. The report puts up a thorough reform agenda that calls for simplified licensing procedures, more sensible taxation, and a transformation in society's perception of wine drinking. To provide a consistent business environment, it recommends looking into standardized rules among states. Using expert insights and foreign models, the research seeks to provide policymakers with well-informed suggestions to support a flourishing and sustainable wine market in India. The study presents a comprehensive reform plan that includes a range of actions to address the impediments that have been identified.

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