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    Cobra to invest $20 million

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    , the UK-based company, promoted by billionaire Karan Bilimoria, is planning to invest $20 million in next three years. The company has plans to set up two Greenfield breweries in the country. According to the plans of the company, it is planning to expand its operations in India once its sales rise.

    At present Cobra is brewed by Mount Shivalik in Rajasthan, under a license agreement. The company also has licensing agreement with five other breweries in the country.