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AB InBev may invest Rs 500 crore to expand brewery capacity in Mysuru

6 Dec 2022 , 03:38 PM

The brewer Anheuser-Busch InBev (AB InBev), which owns a brewery business in Mysuru, has indicated a desire to expand by spending an additional Rs500 crore.

Chief Executive of AB InBev's Asia-Pacific region, Jan Craps, met with Chief Minister Basavaraj Bommai on Monday and expressed interest in increasing investments in the State, according to a statement from the CMO.

It stated that AB InBev is a global American-Belgian beverage and brewing firm with headquarters in Leuven, Belgium. The corporation sought to expand its plan by investing a further Rs500 crore after establishing a brewery operation in Mysuru.

It went on to say that the State was praised for having the greatest excise policy and for having a good, business-friendly environment. The company plans to invest more money in Karnataka.

The Chief Minister stated that the State government will provide every assistance in response to the interest shown.

AB InBev is a Fortune 500 company with production facilities in 150 different nations. Bengaluru, India, is home to its corporate headquarters.

Roughly 2,000 people work at the Mysuru location, and nearly 79% of their energy comes from sustainable sources.

The State Treasury would get an additional Rs200-300 crore from the expansion of this brewery, in addition to the creation of direct and indirect jobs, the announcement stated.

For feedback and suggestions, write to us at editorial@iifl.com

Related Tags

  • AB InBev
  • business
  • Mysuru
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