"We will spend around 500 million dollars to modernise our existing facilities and increase our production capacity to more than double in the country in the next five years," Sundeep Kumar, director, corporate affairs and communication, SABMiller India told PTI.
The company, which market and produce beer brands such as Foster, Royal Challenge and Haywards in the country, is gearing up its capacity to meet the growing demand of beer in India, he said.
SABMiller has 10 facilities in India with production capacity of around 50 million cases per annum, which is expected to be around 105 million cases pa by the end of 2013, he said.
The company is targeting a growth of around 15 per cent per annum for the next five years, he said, adding that it, however, has no plans to set up any greenfield manufacturing unit in the country.
SABMiller has around 36 per cent share in the domestic beer market and is the second largest beer maker in the country.
The beer manufacturer has hived off Asia as a separate business division last year to tap the future growth potential of the region.
