INDIA: Anheuser-Busch InBev silent on Indian brewery talk
A-B InBev is looking to build breweries in India, according to local reports
Anheuser-Busch InBev has declined to comment on a report that it is planning to build breweries in India.
The Times of India reported earlier today (17 April) that the brewer is eyeing the possibility of a new facility in West Bengal as one of a "couple" of new facilities in the country. "We shall definitely set up a brewery in the east," an unidentified company was quoted as saying.
"The place of our choice would depend on government policy, quality of water, availability of land and other incentives," the source told the paper.
The company plans to invest INR4bn (US$74m) in each new plant and would require 50 acres for each project, the paper reported.
However, when contacted by just-drinks, an A-B InBev spokesperson said: "We have no comment on these reports."
Analyst Bernstein Research last week flagged the potential for global brewers in India, saying that the region will be a key driver for volume growth, as per capita consumption is only 1.5 litres.
A-B InBev is currently being investigated in India by the US Securities and Exchange Commission (SEC) over its JV with RJ Corp in the country and possible violations of the Foreign Corrupt Practices Act. The brewer said it is "co-operating" with the authorities.
A-B InBev owns Indian subsidiary Crown Beers India and has a minority stake in its JV with RJ Corp for local production. It holds about 2% market share in India.
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