Tuesday, August 11
Davos: India has outpaced China as Carlsberg Group's most important growth engine, prompting the Danish brewer to accelerate investments, add capacity and push deeper into premium beers in one of the world's most complex markets."India is really a key market for us... it's now our key growth market. It's also a bigger growth market than China," Jacob Aarup-Andersen, Carlsberg's global chief executive, said in an interview with ET on the sidelines of the World Economic Forum in Davos. While China remains larger in absolute size, India "clearly holds the key position" for Carlsberg's future growth, he said.Carlsberg plans to invest ₹1,250 crore ($150 million) over the next couple of years, with "thousands of crores" more likely over the medium term as it seeks to scale profitably. At Davos
