AB INBEV TO INVEST USD60M TO EXPAND BREWERY IN INDIA’S MYSURU CITY
By Susan Lewis
Source: AB InBev India/Instagram
World’s leading brewer Anheuser-Busch InBev (AB InBev), owner of the Budweiser brand, is planning to invest INR5 billion (USD60.6million) to expand production of its brewery in Mysuru in India’s Karnataka state.
The investment plan was discussed in a meeting between AB InBev’s Asia-Pacific CEO Jan Craps and Karnataka chief minister Basavaraj Bommai last week.
Bommai’s office said in a statement released after the meeting that AB InBev has expressed interests in increasing its investment in India and is planning to invest additional INR5 billion to expand its brewery in Mysuru.
It also said the chief minister has promised all help from the state government to facilitate AB InBev’s investment plan.
The statement added that Karnataka state treasury would get an additional revenue of INR2b to 3b, on top of the creation of direct and indirect jobs.
The city of Mysuru situates some 145km to the southwest of state capital Bengaluru, where AB InBev’s India head office is based.
The Mysuru brewery is currently producing Budweiser Premium, Budweiser Magnum and Hoegaarden beers.
It employs approximately 2,000 people and about 79 percent of its energy consumption is from renewables.
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