UP bullish on highways sectorUP CM Yogi Adityanath

Virendra Singh Rawat

Budweiser maker AB InBev will invest Rs 1,000 crore in a new manufacturing plant in Uttar Pradesh.

AB InBev is a leading global beverage company headquartered in Belgium.

UP chief secretary Manoj Kumar Singh and Kartikeya Sharma, India Affairs president at Anheuser-Busch InBev (AB InBev), signed a Memorandum of Understanding (MoU) yesterday at the World Economic Forum (WEF) in Davos.

The proposed investment is expected to generate significant economic benefits for UP, including job creation, skill development, and increased utilisation of the state’s improved logistics and transportation infrastructure.

InBev is reckoned for its global presence and iconic beer brands such as Budweiser, Corona, and Stella Artois.

With operations in over 50 countries and a presence in 100+ markets worldwide, AB InBev’s decision to invest in UP represents a milestone in the state’s industrial and economic development, a UP government communiqué said.

Meanwhile, both parties explored expanding brewing facilities, establishing craft beer partnerships, and investing in sustainability initiatives such as water conservation, waste management, and renewable energy.

They also discussed enhancing distribution networks and expanding AB InBev’s non-alcoholic beverage portfolio, including Budweiser.

Under the UP Industrial Investment & Employment Promotion Policy 2022 and Food Processing Policy 2023, the Yogi Adityanath government is offering substantial incentives to companies like AB InBev.

These include capital subsidies of up to 42 percent, SGST refunds of up to 100 percent (capped at 300 percent of the investment), and exemptions from stamp duty and electricity duty.

Prime land has already been identified for the project, including 36 hectares in Sector 24, YEIDA, and 1,000 hectares currently under acquisition.

UP’s streamlined regulatory processes and focus on renewable energy projects further enhance its attractiveness as an investment destination, it read.

With this commitment from AB InBev, UP continues to strengthen its position as a key hub for global investments and industrial growth.

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