AB InBev keen to invest Rs 400 cr for expanding brewery ops in Karnataka

The company has a state-of-the-art brewery in Mysuru and a Global Capability Centre here

AB InBev set to revive Budweiser Asia IPO with $5 billion float: Sources
Representative image
Press Trust of India Bengaluru
1 min read Last Updated : Jan 18 2024 | 3:36 PM IST

The world's largest brewer AB InBev has evinced keenness for a Rs 400 crore investment to enhance and expand its brewery operations in Karnataka, according to the State's Large and Medium Industries Minister M B Patil.

A Karnataka delegation led by Patil held discussions with executives of AB InBev on Wednesday at the World Economic Forum annual meeting in Davos, the Minister's office said in a statement.

The company has a state-of-the-art brewery in Mysuru and a Global Capability Centre here.

Meanwhile, HP Enterprise which currently employs 8,000 individuals in Karnataka out of its 15,000-strong workforce across India stated that the two new state-of-the-art buildings at Mahadevpura here would be unveiled soon. "This location is set to become the largest concentration of HP facilities globally, nearly double the size of its next biggest site, the statement said.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

Topics :GM Breweries Liquor GM BreweriesGST on alcoholAB InBevLiquor firms

First Published: Jan 18 2024 | 3:36 PM IST

Next Story