hare and SWC an 18 per cent mkt share. The Multinational UDV accounts for only five per cent of the market. “Imported liquor brands will not compete with Indian brands, since the cheapest imported brand cannot be priced at less than ( )Rs 500 per bottle,” he said. “In India, 95 per cent of Indian liquor brands are priced below ( )Rs 200.” Quant Res’s will probably wont be applied because of India's commitment to WTO. In this case indian manufacturer’s want import duties to be kept as high as possible. Now the duty on imported alcohol is 245 per cent, down from 400 per cent four years ago. At today's tariffs, a bottle that costs $20 in duty-free will cost $69 here before sales tax. WORLD Bank managing director Wokchi plans to meet Karnataka chief minister SM Krishna on February 7. The meeting assumes significance as the state has not received any funds from the multilateral agency for the last four years. One of the country’s biggest beneficiaries of World Bank funding in the recent past has been Andhra Pradesh. They got a huge loan for development projects last year. The Andhra package was the first funding programme to be okayed by the World Bank board after the Pokhran nuclear tests. In the run-up to the `big-meet', Edwin Lim, a top functionary of World Bank's India office, is scheduled to meet Mr Krishna on February 4. The state has identified key infrastructure projects for development, crucial to attract investors. It is looking to tap funds from sources including UTI, LIC and NABARD for their implementation. The only big loan to Karnataka in recent months had been from the ADB. They got $175m for infrastructure development in the state's coastal belt. The funds to the ( )Rs 1,070 -crore programme was for the development of a water supply network, upgrading the drainage system and roads and development. Soon after the Insuran...
