Market research
Anheuser-Busch officials have reportedly visited India to hold talks on a joint venture with local brewer Crown Breweries.
Indian daily The Economic Times today (13 July) reported that Steve Burrows, the president and CEO of A-B's international arm had met with officials at Crown Breweries on setting up a greenfield project outside Hyderabad.
The paper said Burrows had met local industry heavyweights Prasad Rao and Srikant Reddy, who had built India's largest brewery, Charminar Breweries, which they later sold to Shaw Wallace.
"The Indian market is very attractive. We are exploring various options of running a profitable business venture in India," Burrows was quoted as saying by The Economic Times. He declined to comment on any talks with Crown Breweries.
"We are exploring possibilities of building a new facility or modifying an existing brewery to our standards. We are yet to take a decision on it," Burrows added, according to the report.
A-B officials could not be reached for immediate comment.
Sectors: Beer & cider
