Nation

Belgium’s AB InBev to invest $250 million in India’s beverage sector: Union Minister Chirag Paswan

Food Processing Industries Minister Chirag Paswan said that beverage company AB InBev has announced an investment of 250 million dollars in various parts of India which will be completed in two to three years. Mr Paswan held a meeting with the company on the sidelines of the World Economic Forum annual meeting in Davos. He said it is another historic step in India’s food processing industry and will write a new chapter on job creation and economic progress. The Minister said it symbolises growing opportunities and the confidence of global companies in India.Mr Paswan expressed happiness that the infrastructure that has been built over the years has further boosted the confidence of the global community to come and invest in India. Mr Paswan said, the Prime Minister is very clear about the policies, which is why single window clearance and ease of doing business is being provided, which encourages investors to come and invest.

The Minister also discussed value-addition opportunities in the food processing sector with the Chairman of CP Group Chris Soopakij Chearavanont. He also interacted with the Chief Operating Officer of Coca-Cola, Henrik Brown.

Yesterday, Mr Paswan had inaugurated the India Pavilion in Davos.

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