Cobra Beer plans to set up its own Greenfield brewery in either Andra Pradesh or Maharstra, and is considering a public listing in India this year.

Speaking to just-drinks today (16 April) Cobra India confirmed that it plans to invest US$100m by 2010 in building and acquiring breweries in India.

Cobra India's managing director Poonam Chandel said: "We should have a clearer picture by June."

Chandel added it would take around US$30m to set up a brewery in India, adding: "Being new to the market has its advantages. It is easier to create an USP we believe we have a better product and it tastes better, apart from having premium packaging".

Cobra recently acquired a 76% stake in Iceberg brewery in Bihar and has bottling arrangements with eight Indian breweries.

Competitors in the 130m cases-per-year and 1-litre-per-capita Indian market include United Breweries and SABMiller which together control over 40 out of a total of 60 Indian breweries.