Country’s second largest wine manufacturer to develop a hotel
Grover Zampa, the second largest wine manufacturer in the country, plans to invest about Rs 100 crore to set up a premium hotel. The company will build a 100-room five-star hotel in Nashik, Maharashtra, CEO Sumedh Singh Mandla said. A few international hospitality chains have already evinced interest in operating the hotel, he added.
Another such hotel is expected to come up near Bangalore. Grover Zampa sells about 1.5 lakh cases of wine, while the leading wine-maker in the country, Sula Wines, sells over 6 lakh cases. The total size of the market is about 20 lakh cases a year. This is indeed a huge market of wine in the country.
But 70 percent of the Grover Zampa’s sales come from the premium category, and the company is expected to turn profitable by this year. The total size of the liquor market in India is about 500 million cases every year. The company has also tied up with former tennis ace Vijay Amritraj, who has also invested in developing a wine brand named after him.
Source: The Hindu Business Line
CEO Sumedh Singh Mandla, five-star hotel in Nashik, Grover Zampa, liquor market in India, Maharashtra, Vijay Amritraj
