Pernod Ricard India has announced plans to build a new malt distillery and maturation facility in Maharashtra, aiming to invest up to Rs 1,785 crore over the next 10 years. This move is part of the company’s strategy to expand in the Indian market, where demand for premium spirits is rising rapidly.
Bhoomi Pujan Ceremony in Nagpur
The Bhoomi Pujan (ground-breaking) ceremony for this project took place in Butibori, Nagpur. Maharashtra’s Deputy Chief Minister, Devendra Fadnavis, attended the event, highlighting the importance of this development for the state. The facility will produce high-quality malt spirits, catering to both the Indian and international markets.
Focus on Sustainable Growth
This investment also shows Pernod Ricard India’s commitment to sustainability and local development. The new facility will help create jobs in the region and contribute to the economic growth of Maharashtra. The company will use modern technology to ensure that the production is both efficient and eco-friendly.
Long-Term Investment in India’s Spirits Market
With a Rs 1,785 crore investment planned over the next decade, Pernod Ricard is betting big on the Indian market. The distillery will help the company meet the growing demand for premium spirits and strengthen its presence in India. This project will support the company’s goal of becoming a leader in the premium alcohol segment in the country.