Cobra beer to set up $10-m plant in N India

To enhance its current production capacity and find a stronger foothold here, UK-based Cobra beer would set up a greenfield plant in North India with an investment of $10 million. “A greenfield plant with a capacity of 5-million cases per annum will be set up in North India with an investment of $10 million and the production will start in next one year,” Promoter and CEO Cobra beer Karan Bilimoria said. The new plant would become operational before the greenfield project in Hyderabad, which the company had earlier announced. However, the company has not revealed the location where the new unit would come up. “The location is close to being secured but the place can not be disclosed at the moment,” Bilimoria said, adding, “the new facility is over and above the plant to come up in Hyderabad in next one and a half year with similar investment.”

Courtesy: EconomicTimes