Italian winemakers first to invest in India

• Two Italian winemakers have become the first foreign producers to invest directly in India, seeking to tap into a growing taste for the drink in the emerging market, their Indian partner said Tuesday.
• Riona Wines, based in the western Indian state of Maharastra, the country's grape-growing centre, told AFP it had signed investment agreements with Italian vintners Moncaro and Enzo Mecella on Monday.
• The two Italian companies, based in the region of Marche, have taken a 17-percent stake each in Riona in exchange for machinery and total investment of 42.5 million dollars to be made by 2010.