Get All Access for $5/mo

Indian Market Is Still In The Growing Phase When It Comes To Wine Consumption: Team LUCARIS The Indian glassware industry is emerging as one lucrative sector for establishing a profitable business

By Franchise India Staff

This story originally appeared on Franchise India

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Franchise India

In FY18, India's total glass exports stood at USD 639 million and USD 1,245 in imports, making India a net importer of glass.

The Indian glassware industry is emerging as one lucrative sector for establishing a profitable business. The construction sectors, automobiles manufacturing, and food and beverage industry are hugely contributing towards the rapid expansion of this niche market that is emerging as one popular and profitable business segments currently in India.

In conversation with Franchise India, Team Lucaris talks about the current scenario of the Indian glassware industry.

LUCARIS, the Crystal of Modern Asia, is the first luxury crystal glass brand in Asia to deliver the trusted quality lead-free crystal for the most enjoyable wine and dine experience. Ocean Glass Public Company Limited — Asia's leading glassware manufacturer of Thailand in collaboration with the glass making expertise at Toyo-Sasaki Glass in Japan and the most advanced technology from Germany, has resulted in the creation of world-class quality crystal glass.

Driving Factors Boosting The Indian Glassware Industry

The emerging driving factors and trends highlight the potential of the glassware industry.

Team Lucaris says, "Indian market is still in the growing phase when it comes to Wine consumption & therefore has great potential. The consumers as a whole are keen on identifying the different varieties & best of best wines, therefore, increasing the demand of the same. With LUCARIS crystal wine glasses, the whole wine consumption experience elevates to a different level."

Trends In The Glassware Industry

The industry trend happening in the business sectors could easily revamp and transform the entire working procedure of a business. That is why the modern day business owners keep a close look at several trends so that they could transform their business offerings accordingly.

Team Lucaris explains, "In the year 2019, we are introducing new crystal barware is called "RIMS'. It is the first completed cocktail barware range which has been co-designed and co-developed by LUCARIS and the famous Swedish mixologist and professional bar consultant, Mr. Thomas Anostam. The launch will happen in early Quarter 2, 2019."

Technology Reshaping The Glassware Industry

One cannot surely ignore the value and importance of technology in the modern day business industry. Business owners are heavily relying on several innovative technologies for offering unique experiences to their customers.

"The design of LUCARIS stemware and tumbler is a collaborative achievement Mr. Martin Ballendat, a multiple award-winning German designer whose work appears in portfolios of many world-class brands. They brought together the creation of world-class quality crystal glassware including new lead-free crystal glass composition, with physical aesthetics comparable to conventional lead crystal for an exceptional clarity and brilliance, with extra strength & durability," adds Team Lucaris.

This article was originally written and published by Shahram Warsi.

Social Media

Five Indian film producers are exploring business beyond cinema

Very recently, the Ahmedabad-based ice cream brand Hocco raised funds, and among many, they have two angel investors from Bollywood: Farhan Akhtar and Ritesh Sidhwani. From Karan Johar to Alia Bhatt, Rana Daggubati to Ronnie Screwvala, there are film producers who are expanding their horizons as business visionaries by investing in different sectors. Here we take a look at some of such personalities.

Starting a Business

I Left the Corporate World to Start a Chicken Coop Business — Here Are 3 Valuable Lessons I Learned Along the Way

Board meetings were traded for barnyards as a thriving new venture hatched.

Side Hustle

The Side Hustle He Started in His College Apartment Turned Into a $70,000-a-Month Income Stream — Then Earned Nearly $2 Million Last Year

Kyle Morrand and his college roommates loved playing retro video games — and the pastime would help launch his career.

Growth Strategies

AMD Confident About Increasing Market Share In India

The semiconductor company is positive about the business environment in India on the back of growing investments in data centers and AI, Cloud repatriation, as well as technology refresh taking place across companies on both server side and client devices


Yahoo Unveils AI-Powered News App

Yahoo has unveiled a major overhaul of its Yahoo News app, introducing a suite of advanced artificial intelligence features designed to enhance user experience on its platform.


YouTube Combats Ad Blockers: Embeds Ads In Video Streams

YouTube is apparently ratcheting up its assault against third-party ad blockers by embedding ads straight into video streams in an effort to increase revenue from non-Premium users.