INDIA: InBev prepares green field brewery for India - report
InBev's joint venture in India has lined up a green field site in the country, according to local reports.
The Press Trust of India said yesterday (27 January) that InBev India International, the brewer's joint venture with the RKJ Group, has lined up an INR10bn (US$254.4m) investment in a new facility in the state of Andhra Pradesh.
The brewery will have an annual capacity of around 32m cases, the report said, citing RKJ's chairman, Ravi Jaipuria.
"Once we get necessary clearance from the authority, we will initiate the construction of the plant, which will require about INR10bn investment," Jaipuria told PTI.
The plant should begin operations before the end of next year, the report said.
Gaipuria was also cited as saying in the report that two of InBev's flagship brands have been lined up for the country. "Stella Artois and Beck, will be launched in the first half of the current year in Goa," Jaipuria said. "After Goa, we will launch it in other parts of the country and by the end of 2008 and it will be available in all metro cities."
No-one was immediately available at InBev to confirm the report when contacted by just-drinks today.
InBev finally entered the Indian beer market last year, when it set up a "long-term joint venture agreement" with the RKJ Group. The global brewer took an initial 49% stake in the venture with the option to increase its participation at a later date.
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