New Delhi, February 22 The brewing industry will invest around Rs 5,500 crore in Uttar Pradesh over the next three years in setting up new facilities and related businesses, the industry body, BAI, said.
The beer industry is "making a big bet" on Uttar Pradesh, said the Brewers' Association of India (BAI), while welcoming the new excise policy announced by the state government, calling it "progressive" and having a "well-balanced approach" for the industry's growth.
"The beer industry and its related industries will be investing Rs 5,500 crore over the next three years," said BAI Director General Vinod Giri.
Elaborating on the projects, he said work on two new breweries costing around Rs 1500 crore is already underway.
"Similarly, two major aluminium can production plants, which require an investment of Rs 2,000 crore, are also in the pipeline, while a few glass production units worth Rs 2,000 crore will also be set up soon," Giri told