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India: AB InBev plans $250 mln investment in India’s beverage market, Union Minister for Food Processing Industries says
Union Minister for Food Processing Industries, Chirag Paswan, announced that the Belgian beer brewer AB InBev has planned to invest $250 million in India's beverage market in the next two to three years, reported the news agency ANI, from World Economic Forum (WEF) in Davos 2025, Mint reported on January 21.
“Through food processing industries, we did have some further collaboration globally in terms of beverages. In the sector of beverages, we had an announcement of an investment of around 250 million dollars from AB InBev. In the coming two to three years, they'll be investing around 250 million dollars in our country in various states in the sector of beverages,” said the Union Minister, cited the news agency.
Paswan also told the news agency that the company will sign a Memorandum of Understanding (MoU) in due time and states like Maharashtra, Uttar Pradesh and other Southern India states are attracting investments at WEF.
“These are the investments that we are looking forward to from the World Economic Forum. Investments have been happening in Maharashtra, Uttar Pradesh, and various parts of South India. In different states, they will be signing their MoUs in due course of time,” said Paswan.
He also said that WEF is the ideal platform for India to put forth its concerns, suggestions and solutions to show the country's capabilities and gather international support.
“India has been very clear in terms of global collaboration and I think our representation at Davos every year asserts our commitment towards global collaboration where, you know, we want the whole world to progress together,” he said, according to the agency report.
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