Cobra Beer is reportedly planning to set up three new breweries in India over the next three years.

Dow Jones cited Cobra founder and chairman Karan Bilimoria yesterday (27 September) as saying that the company shall invest US$30m in the building of three new Indian breweries.

Bilimoria told reporters that he saw much potential for growth over the next three years and that approval has already been granted for four out of its six applications for licenses to set up projects in India.

"We should have our first project running in the next 12 months, after which we intend to set up a new project every year," Bilimoria told press, as well as hinting that Cobra is also discussing the prospect of acquiring an Indian brewery soon.

No-one was immediately available for comment at Cobra when contacted by just-drinks today.