Vijaya
Mallya''s United Spirits Ltd (USL), the world''s second-largest
alcohol beverage company, will launch five brands as
part of its entry strategy for China.
Vijay
Mallya, the flamboyant chairman of both USL and its
parent United Breweries (holding) Ltd, says the Chinese
market was a top priority. "We will offer a complete
range of alcohols of different flavours," Mallya
was quoted as saying by China Daily.
Among
the brands for USL''s initial entry in to the Chinese
market is the Bagpiper Deluxe Whisky. USL markets more
than 140 brands, of which 15 have annual sales of over
1 million cases, the report said.
Mallya
said he was optimistic about the Chinese market as "the
taste of Chinese people and Indian people are very similar.
Our products will be enjoyed, especially the first five
products we are going to launch.
"We
are looking forward to successful business in China.
We will start in Shanghai and then extend to other parts
of the country," he said.
Announcing
plans for local bottling operations in China, Mallaya
said, "I don''t think any other international companies
have offered to bottle their products locally,"
he said.
"When
you go to a market as important as China, you have to
prepare to do whatever it takes... And USL is in China
for the long-term," he said.
Mallya
said major manufacturers in the spirits business are
stocking their
products because they expect high demand from China
and India.
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