Cobra to invest $20m in two breweries

HYDERABAD: The UK-based Cobra Beer is looking at a timeframe of three years to set up two greenfield breweries in India at an estimated investment of $20 million.

The company would be looking at its own facilities once it gains critical mass in beer sales in India.

In his first visit to India after taking seat in the House of Lords, Cobra Beer promoter and CEO Karan Bilimoria said, “Cobra is gaining traction in India. The month-on-month sales are increasing.”

The company has a licensing arrangement with five breweries in India. Cobra is brewed under a licence agreement with Mount Shivalik in Rajasthan.