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INDSPIRIT 2025 – CELEBRATING THE GROWTH OF ALCOBEV INDUSTRY

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•   Panel discussion on FTA seeks reduction in tariffs

•   Company of The Year is Allied Blenders & Distillers

•   Corporate Leader of the Year is Nilesh Patel of Global Beverages Group

•   Business leader of the Year is Davide Aiudi of Guala Closures India

•   Lifetime Achievement Award goes to Satpal Chaudhry who has held key positions in Mohan Meakins, United Breweries, Shaw Wallace, Empee Distilleries, Him Neel Breweries, and Khoday India.

With India’s alcobev sector showing exceptional growth, SAP Media Worldwide, the publishers of Ambrosia magazine among other publications, reached yet another milestone. On March 21 and 22, it hosted the 20th edition of INDSPIRIT 2025 at Le Meridien, Gurugram. The two-decade journey of INDSPIRIT is a highpoint, reflecting the challenges and opportunities the sector has been navigating all through. And when industry peers met to network, exchange ideas and to chill, it was truly a celebration.

INDSPIRIT is an amalgamation of conference, exhibition, networking and AMBROSIA Awards, organised by Ambrosia. This year the panel discussion was on ‘Free Trade Agreements: Gateway or Roadblock for Indian Alcobev Industry’.  The 20th edition also featured a consumer-day, to connect the industry with the end-consumer to taste the many different brands. INDSPIRIT 2025 was powered by Platinum Partner SNJ Group and supporting partners Diageo India and Pernod Ricard.

This year INDSPIRIT had an open consumer day on March 22 wherein consumers got to taste a variety of spirits. Lifting the spirits were DJ Veronika and DJ Zorin, followed by sumptuous buffet. It was day 1 of IPL 2025 cricket and SAP Media ensured that there was live coverage, adding to the zing.

Eminent Jury

The AMBROSIA awards were adjudged by an eminent panel of jury members and they included Stephen Beal (London) – Founding Sr. Consultant, Master of Whisky International Drinks Specialists; Bernhard Schafer (Germany) – A Whisky Expert, Spirit Consulting and A Master of Quaich; Ajoy Shaw – DipWSET Wine Maker & Consultant; Binod Maitin – Independent Technical Consultant; Julie Lee (Taiwan) – Industry Expert and Entrepreneur; and Katsuhiko Tanaka (Japan) – Director, Japan Import System Co.

The jury members for the Packaging category of awards were Prof. K Munshi – Industrial Design Centre, IIT Powai; Shekhar Amberkar – Asst. Director, Indian Institute of Packaging & Head of International Packaging Centre and Jigna Shah Oza – Communication Designer | Design Educator.

Panellists seek rationalisation of tariffs

The panel discussion was moderated by Bhavya Desai, Group Head and CEO of SAP Media Worldwide and the panellists were Suresh Menon, Secretary General of International Spirits and Wines Association of India (ISWAI); Ajay Srivastava, Founder, Global Trade Research Initiative; and Rajnish Singh of Dhvaen Law Practice and consultant on FTA to the Government.

The panellists were in consensus that tariffs on alcobev products are extremely high. Ajay Srivastava said that Donald Trump, the US President was right when he mentioned that India charged 150% tariff on alcohol-based products, followed by passenger cars, while agriculture products it ranged between 30 and 40% and industrial products between 7 and 12%. Trump, he added, was disrupting the world economy with a tariff war.

Suresh Menon said the FTA negotiations were ongoing with the UK and the position of ISWAI members has been that there should be a reduction in tariff on spirits in whatever form they were imported – either bulk or bottled. There was unwanted fear that there would be dumping by cheap Scotch whisky and that would disrupt the domestic market, he said and added that with the trend of premiumisation, this was unlikely to happen. Rajnish Singh advocated a threshold level of tariffs as to bar cheaper products from entering into the country, thus in a way protecting the domestic industry which has been investing substantially in the sector. He referred to the Economic Cooperation and Trade Agreement with Australia which has a threshold level to ensure that cheap wines are not dumped in the Indian market.

The panellists also referred to the Scotch Whisky Association which since 1915, stated that to be called Scotch Whisky, the spirit has to be aged no less than 3 years, malt or grain – replacing the old early 1900s limit of 2 years. The panellists opined that as the rule on 3 year maturation is not going to change and that Indian whisky manufacturers who wanted to export had to keep this in mind, even though the whiskies in India matured faster due to the hot climate.

India third largest alcobev market

Bhavya Desai talked about how India is the third largest alcobev market and was valued at over 52 billion dollars in 2024 and expected to touch 64 billion dollars by 2028, growing at a CAGR of 6.8%.

The panel discussion was followed by the much-awaited AMBROSIA Awards. In his opening address before the awards, the Managing Director and Publisher of SAP Media Worldwide, Trilok Desai said, “Despite operating in a highly regulated environment, the industry is witnessing remarkable growth. But with this growth comes a sense of uncertainty. Domestic players are increasingly concerned about the impact of reduced tariffs on Bourbon and the potential phased reduction on Scotch. The worry isn’t limited to premium Scotch—it extends to more affordable Bourbons and Tennessee whiskies, which could directly challenge mid-range IMFL brands.”

Global alcobev giants dominate

Desai added, “Currently, the Indian alcobev market stands at around 410 million cases, growing at a modest rate of 5%. The beer market is slightly larger at approximately 425 million cases, with a healthy growth rate of 8% to 10%, while the country liquor market is around 250 million cases. The world’s top nine alcobev companies operating in India hold a market share of over 52% by value and 43% by volume of the total Indian alcobev market.

Global alcobev giants operating in India bring deep experience from multiple international markets, significantly contributing to the industry’s growth. However, we shouldn’t overlook our own strengths. Indian companies are producing exceptional IMFL products, world-class single malts, and premium gins, along with competitive, high-quality beers that stand toe-to-toe with international brands. That’s something Indians should be incredibly proud of.”

Success of Indian single malts

Referring to the success of Indian single malts on the global map, Desai mentioned how they are inspiring even multinational companies to invest in producing premium spirits within India. “Many are now not only crafting outstanding single malts here, but also looking to export them globally — a true testament to the growing stature of Indian spirits.”

Talking about the AMBROSIA Awards, Desai said, “They are not just about recognition—they’re a celebration of the hard work, creativity, and dedication that have driven the industry forward over the past year.

Tonight, we honour excellence—from outstanding products and innovative packaging to groundbreaking marketing strategies. Over the past 30 years, Ambrosia has witnessed the transformation of the alcobev industry. What was once a market dominated by a few players has become a vibrant and competitive landscape, with Indian and multinational companies alike driving innovation and quality.”

He said that the AMBROSIA Awards have stood for excellence for three decades, thanks to a rigorous and unbiased judging process. “Each year, we assemble an international jury whose expertise ensures that only the very best are recognised. Their insights have highlighted significant improvements in product quality across various categories. Beyond the products, the jury has also acknowledged the remarkable advancements in packaging and design. From labels and bottle shapes to overall presentation, Indian brands are not just meeting global standards—they are often exceeding them.”

Ambrosia launches ASEAN Edition

Desai talked about Ambrosia magazine which has completed 33 years of successful publishing and in 2024 the ASEAN Edition of Ambrosia was launched. The ASEAN edition, launched from Singapore is being circulated across nine ASEAN countries—making Ambrosia the world’s largest combined circulated alcobev magazine. But we’re not stopping there. We’re also exploring the possibility of hosting an international exhibition and awards in Singapore—a significant milestone for the brand.

After Desai’s speech, the AMBROSIA Awards were presented by Air Marshal (Retd) Anil Chopra, a highly decorated officer of the Indian Air Force.

Quick recap of the Ambrosia Awards 2025

Old Monk Amber Review

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Old Monk Rum is one of the highest selling rums in India and has been a fan favourite among rum drinkers for a longtime. And Old Monk Amber is a more refined expression from the same makers. This comes from Mohan Meakins and is priced tag of ₹950 in Uttar Pradesh. The company is also behind the production of Solan Gold whisky and Jamun Dry gin, both of which we have previously reviewed.

What’s Unique about Old Monk Amber?

There are two things that are unique about this Old Monk. First ii its name, called ‘Amber’. Now this word has a number of meanings. In Arabic it means ‘Jewel’, like the word ‘ambar’. In Sanskrit it means ‘the sky’. The second thing that sets Amber apart from its older sibling is the colour. While Old Monk is known for its distinctively dark colour, Amber is named for its more golden hue. The name has multiple meanings in different languages, but I suspect that the colour was the inspiration behind it.

But the real difference between Old Monk and Amber is the blend. Amber is a mix of the classic Old Monk rum alongwith a 20-year-old expression. It is a mellow and matured rum that is unlike anything else on the market. The box proudly proclaims that it is an XO, or Extra Ordinary, rum, thanks to the addition of the 20-year blend.

While there isn’t much information available about the making process of Amber, we suspect that it is not too different from that of Old Monk. Both are made by fermenting cane molasses until bottling. The only difference is that the 20-year blend must be mixed at some point during that time in order to create that matured spirit.

Unboxing and Packaging 

the packaging of Amber is distinctive and different. The cartons come in a dark red-maroon colour with the words “20-year-old expression” clearly stated on the bottle. The box also bears the words “Pride of India” and “Mellow and Matured Rum.” It is worth noting that the packaging mentions that the product has added colours.

When it comes to the bottle, the first thing that catches the eye is its Amber colour, which is very clear and apparent. The label is slightly slanted, indicating that it was made by hand, much like the Old Monk bottles. The rum has an ABV of 42.8%, and it is priced at ₹950 in UP. It is made and bottled in the Ghaziabad plant of Mohan Meakins in UP.

Nosing

The rum has a potent scent, and the high alcohol content of 42.8% is definitely noticeable. There’s a subtle sweetness present due to the sugarcane, but no detectable spice notes on the nose.

Tasting

When sipping this rum, one can immediately notice its smooth and refined taste, which belies its potent aroma. The palate may detect a subtle dryness, followed by a long finish that leaves no unpleasant burning sensation in the throat. However, there is a noticeable bite and spiciness on the palate. Despite this, the overall sensation is one of warmth and smoothness, making for an overall enjoyable sipping experience, especially for old monk drinkers.

Conclusion

Old Monk Amber is a premium rum and boasts a smooth texture, thanks to the addition of a 20-year-old malt. Priced at ₹950 in UP, it’s a natural choice for those who appreciate a more refined drinking experience. While it may cost more than the regular version, it’s definitely worth trying at least once. For Old Monk fans, it’s worth giving it a try as they tend to be loyal to the brand. And when it comes to taste, Old Monk Amber rum delivers on all fronts, hitting all the right notes and satisfying the palate with every sip.