Beer industry to invest Rs 5,500 cr in UP in next 3 years: BAI

NEW DELHI: (Feb 22) The brewing industry will invest around Rs 5,500 crore in Uttar Pradesh in the next three years on setting up of greenfield units and its ancilleries, industry body BAI said.

The beer industry is “betting big” on Uttar Pradesh, said the Brewers’ Association of India (BAI), while welcoming the new excise policy announced by the state government, termed it “progressive” and has a “well-balanced approach” for the growth of the industry.

“The beer industry and its ancillary industries will be investing Rs 5,500 crore in the next three years,” said BAI Director General Vinod Giri.