Delhi: UK-based Karan Billimoria''s Cobra Beer plans
to set up a wine distillery in India. The Indian wine
market has been expanding at a rapid clip, and Billimoria
wants his company to grow with the market.
Italia, chief operating officer and finance director,
Cobra Beer, said, the company was looking at the Indian
wine market and also planning to set up its own distillery.
also disclosed that the company would launch its wine
label, General Bilimoria, by the end of this year.
was conferred the ''young finance director of the year
award'' by the UK''s Confederation of British Industries
jointly with the trade publication Real FD.
The setting up of the wine distillery in India is part
of Cobra Beer''s strategy to expand in India along with
the rapid growth of the market for wines Italia said.
He, however, did not disclose the investment the brewer
now, Cobra has been focusing on the Indian beer market.
Dinshaw said it would invest on two green field breweries,
one in North India and another in Hyderabad. "We
have a target to cross the $1-billion sales world-wide
by 2014 and sales in India would make important contribution
in it," Italia said.
company has recently tied-up with Impala Brewery in
has a capacity of one million cases of beer per annum.
It also has tie-ups with Iceberg Brewery in Bihar and
Manar Brewery in Uttar Pradesh, besides a facility in